COMPANY REGISTRATION NUMBER:
09553201
Intex Solutions Europe Ltd |
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Filleted Unaudited Financial Statements |
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Intex Solutions Europe Ltd |
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Statement of Financial Position |
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30 April 2023
Current assets
Cash at bank and in hand |
100 |
|
100 |
|
---- |
|
---- |
Net current assets |
|
100 |
100 |
|
|
---- |
---- |
Total assets less current liabilities |
|
100 |
100 |
|
|
---- |
---- |
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|
|
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Capital and reserves
Called up share capital |
|
100 |
100 |
|
|
---- |
---- |
Shareholders funds |
|
100 |
100 |
|
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---- |
---- |
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|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
1 March 2024
, and are signed on behalf of the board by:
Company registration number:
09553201
Intex Solutions Europe Ltd |
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Notes to the Financial Statements |
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Year ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Lothbury, London, City of London, EC2R 7HG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is the recognition of a management fee from the parent company for services rendered in the UK, stated net of discounts and Value Added Tax.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Related party transactions
During the period the salary and social costs of seconded members of staff was paid by Intex Solutions Inc totalling £854,248 (2022: £695,542).
6.
Controlling party
The company was wholly owned and controlled by
Intex Solutions Inc
. a company incorporated in the United States. The registered office for this company is 110 A St Needham Heights, MA 02494 United States.