Company registration number 1593171 (England and Wales)
ISSUECROWN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ISSUECROWN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ISSUECROWN LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
213,170
213,170
Creditors: amounts falling due within one year
3
(1,890)
(1,890)
Net current assets
211,280
211,280
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss reserves
111,280
111,280
Total equity
211,280
211,280

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 20 March 2024 and are signed on its behalf by:
P B Nunes
Director
Company Registration No. 1593171
ISSUECROWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Issuecrown Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, The Washington Centre, Halesowen Road, Dudley, West Midlands, United Kingdom, DY2 9RE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Issuecrown Limited is a wholly owned subsidiary of Ashworth Europe Limited and the results of Issuecrown Limited are included in the consolidated financial statements of Ashworth Europe Limited whose registered office is Unit1, The Washington Centre, Halesowen Road, Dudley, West Midlands, DY2 9RE.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
213,170
213,170
3
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
2
2
Other creditors
1,888
1,888
1,890
1,890
ISSUECROWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Parent company

The company's immediate parent undertaking is Ashworth Europe Limited, a company registered in England and Wales. The company's ultimate parent undertaking is Ashworth International Inc., a company registered in the USA. and whose registered office is 222 Milliken Blvd., Suite 7, Fall River, MA 02721.

The smallest group within which the company belongs and for which group financial statements are prepared is headed by Ashworth Europe Limited. The Registered Office of Ashworth Europe Limited is Unit 1, The Washington Centre, Halesowen Road, Netherton, West Midlands, DY2 9RE. Group financial statements are available from the Registrar of Companies.

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