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REGISTERED NUMBER: 11008338 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Axea Holdings Limited

Axea Holdings Limited (Registered number: 11008338)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Axea Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr A Potter
Mr R M Johnson
Mrs K Potter
Mrs L Johnson





REGISTERED OFFICE: 14 Woodstock Court
Bowesfield Crescent
Bowesfield Lane Industrial Estate
Stockton on Tees
TS18 3BL





REGISTERED NUMBER: 11008338 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Axea Holdings Limited (Registered number: 11008338)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,391 62,322
Investments 5 5,800,000 5,800,000
5,899,391 5,862,322

CURRENT ASSETS
Debtors 6 3,980 980
Cash at bank 1,154,341 940,287
1,158,321 941,267
CREDITORS
Amounts falling due within one year 7 1,035,863 1,119,128
NET CURRENT ASSETS/(LIABILITIES) 122,458 (177,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,021,849

5,684,461

CAPITAL AND RESERVES
Called up share capital 1,078 1,078
Other reserves 3,770,491 3,770,491
Retained earnings 2,250,280 1,912,892
6,021,849 5,684,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Axea Holdings Limited (Registered number: 11008338)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:




Mr A Potter - Director



Mr R M Johnson - Director


Axea Holdings Limited (Registered number: 11008338)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Axea Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Axea Holdings Limited (Registered number: 11008338)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 108,094
Additions 61,580
At 30 April 2023 169,674
DEPRECIATION
At 1 May 2022 45,772
Charge for year 24,511
At 30 April 2023 70,283
NET BOOK VALUE
At 30 April 2023 99,391
At 30 April 2022 62,322

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 5,800,000
NET BOOK VALUE
At 30 April 2023 5,800,000
At 30 April 2022 5,800,000

Cost or valuation at 30 April 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2017 5,800,000

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,029,509 2,029,509

Fixed asset investments were valued on an open market basis on 26 June 2017 by Plimsoll .

The directors do not consider the value to have changed significantly.

Axea Holdings Limited (Registered number: 11008338)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,980 980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 162 27
Amounts owed to group undertakings 1,029,314 1,112,973
Taxation and social security 4,314 4,178
Other creditors 2,073 1,950
1,035,863 1,119,128