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ZEDRA GLOBAL SERVICES HOLDINGS (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Zedra Global Services Holdings (UK) Limited ("the Company") is a limited company incorporated in England and Wales. The Company's registered office is at Birchin Court, 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentational currency is that of Pound Sterling (GBP). These financial statements are presented in Pound Sterling unless otherwise stated.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The Company is a holding company for Zedra Global Services Romania S.R.L and with the exception of dividend income from this company and subsequent dividend payments to the parent company Zedra Global Services (UK) Limited, it will be dormant. The directors have therefore prepared these financial statements on the going concern basis.
Investment income is recognised when the right to receive payment in the form of dividends is established.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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Investment in subsidiary company
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Investments in subsidiaries are measured at cost less accumulated impairment.
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