Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01truefalseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09547901 2022-01-01 2022-12-31 09547901 2021-01-01 2021-12-31 09547901 2022-12-31 09547901 2021-12-31 09547901 c:Director1 2022-01-01 2022-12-31 09547901 d:CurrentFinancialInstruments 2022-12-31 09547901 d:CurrentFinancialInstruments 2021-12-31 09547901 d:Non-currentFinancialInstruments 2022-12-31 09547901 d:Non-currentFinancialInstruments 2021-12-31 09547901 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09547901 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09547901 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09547901 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09547901 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09547901 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 09547901 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 09547901 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 09547901 d:ShareCapital 2022-12-31 09547901 d:ShareCapital 2021-12-31 09547901 d:SharePremium 2022-12-31 09547901 d:SharePremium 2021-12-31 09547901 d:RetainedEarningsAccumulatedLosses 2022-12-31 09547901 d:RetainedEarningsAccumulatedLosses 2021-12-31 09547901 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 09547901 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 09547901 c:FRS102 2022-01-01 2022-12-31 09547901 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09547901 c:FullAccounts 2022-01-01 2022-12-31 09547901 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09547901 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 09547901









BIOKEMIX WORLDWIDE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
BIOKEMIX WORLDWIDE LTD
REGISTERED NUMBER: 09547901

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
1,324,445
262,170

  
1,324,445
262,170

Current assets
  

Debtors: amounts falling due within one year
 5 
206,138
163,500

Cash at bank and in hand
 6 
951
21,127

  
207,089
184,627

Creditors: amounts falling due within one year
 7 
(413,872)
(306,143)

Net current liabilities
  
 
 
(206,783)
 
 
(121,516)

Total assets less current liabilities
  
1,117,662
140,654

Creditors: amounts falling due after more than one year
 8 
(1,025,736)
(44,460)

  

Net assets
  
91,926
96,194


Capital and reserves
  

Called up share capital 
  
1,125
1,089

Share premium account
  
166,077
164,131

Profit and loss account
  
(75,276)
(69,026)

  
91,926
96,194


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Page 1

 
BIOKEMIX WORLDWIDE LTD
REGISTERED NUMBER: 09547901
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022




................................................
Sameer Bajaj
Director

Date: 10 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Biokemix Worldwide Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 09547901
Registered office: 1 Doughty Street, London, United Kingdom, WC1N 2PH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
Page 4

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).

Page 5

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
262,170


Additions
1,062,275



At 31 December 2022
1,324,445





5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
204,838
162,686

Other debtors
1,300
814

206,138
163,500



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
952
21,125

952
21,125


Page 6

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other loans
15,714
21,157

Trade creditors
13,530
10,930

Amounts owed to group undertakings
354,286
235,782

Other creditors
13,728
21,660

Accruals and deferred income
16,614
16,614

413,872
306,143



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
38,032
44,460

Other loans
987,704
-

1,025,736
44,460


Page 7

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Other loans
15,714
21,157


15,714
21,157


Amounts falling due 2-5 years

Other loans
987,704
-


987,704
-

Amounts falling due after more than 5 years

Bank loans
38,032
44,460

38,032
44,460

1,041,450
65,617



10.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
952
21,125




Financial assets measured at fair value through profit or loss comprise...


11.


Related party transactions

Sameer Bajaj is the common director of Auric SKB Ltd, Scientest Biokemix Gmbh and Biokemix Worldwide Ltd.
As on 31 December 2022, Company has a loan due to Auric SKB Ltd of £213,149 (Dec- 2021: £66,142) and Scientest biokemix gmbh has a loan payable to company of £201,034 (Dec - 2021: £349,103).
As on 31 December 2022, Transene Company, Inc hold shares of Biokemix Worldwide Ltd and company owed £114,540 (Dec - 2021: £159,702) to Transene Company,Inc.

Page 8

 
BIOKEMIX WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Controlling party

Auric SKB Ltd (Company No. 11985640) is ultimate parent company of the group. Its registered office address is 14 Old Queen Street, London, England, SW1H 9HP.

 
Page 9