AVARA INTERNATIONAL HOLDINGS LTD

Company Registration Number:
10023172 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

AVARA INTERNATIONAL HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Balance sheet
Additional notes
Balance sheet notes

AVARA INTERNATIONAL HOLDINGS LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Additional information

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101), and applicable law).Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:i)select suitable accounting policies and then apply them consistently;ii) make judgements and accounting estimates that are reasonable and prudent;iii) state whether applicable United Kingdom Accounting Standards, including FRS 101 have been followed, subject to any material departures disclosed and explained in the financial statements; andiv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.The Company has taken advantage of the small companies exemption under the Companies Act 2006.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

L. Levie


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 April 2024

And signed on behalf of the board by:
Name: L. Levie
Status: Director

AVARA INTERNATIONAL HOLDINGS LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Investments: 3 12,473,623 12,473,623
Total fixed assets: 12,473,623 12,473,623
Current assets
Debtors: 4 100 100
Total current assets: 100 100
Net current assets (liabilities): 100 100
Total assets less current liabilities: 12,473,723 12,473,723
Creditors: amounts falling due after more than one year: 5 ( 100 ) ( 100 )
Total net assets (liabilities): 12,473,623 12,473,623
Capital and reserves
Called up share capital: 200 200
Share premium account: 12,473,423 12,473,423
Total Shareholders' funds: 12,473,623 12,473,623

The notes form part of these financial statements

AVARA INTERNATIONAL HOLDINGS LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 April 2024
and signed on behalf of the board by:

Name: L. Levie
Status: Director

The notes form part of these financial statements

AVARA INTERNATIONAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    ACCOUNTING POLICIESThe principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.a. Basis of preparationThese financial statements have been prepared in accordance with Financial Reporting Standard 101, 'Reduced Disclosure Framework' ("FRS 101"). The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006.The Company has taken advantage of the following disclosure exemptions under FRS 101:a) The requirements of paragraphs 45(b) and 46-52 of IFRS 2 Share-based payment (details of the number of weighted-average exercise prices of share options, and how the fair value of goods and services received was determined)b) The requirements of IFRS 7 Financial Instruments: Disclosuresc) The requirements of paragraphs 91 to 99 of IFRS 13 Fair value measurement (disclosure of valuation techniques and inputs used for fair value measurement of assets and liabilities)d) The requirement in paragraph 38 of IAS 1 Presentation of financial statements to present comparative information in respect ofi. paragraph 79(a)(iv) of IAS 1;ii. paragraph 73(e) of IAS 16 Property, plant and equipment;iii. paragraph 118(e) of IAS 38 Intangible assets (reconciliations between the carrying amount at the beginning and end of the period);e) The following paragraphs of IAS 1 Presentation of financial statementsi. 10(d) (statement of cash flows),ii. 10(f) (a statement of financial position as at the beginning of the preceding period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements),iii. 16 (statement of compliance with all IFRS)iv. 38A (requirement for minimum of two primary statements, including cash flow statements)v. 38B-D (additional comparative information),vi. 40A-D (requirements for a third statement of financial position)vii. 134-136 (capital management disclosures)f) IAS 7 Statement of cash flowsg) Paragraphs 30 and 31 of IAS 8 Accounting policies, changes in accounting estimates and errors (requirement for the disclosure of information when an entity has not applied a new IFRS that has been issued but is not yet effective)h) Paragraph 17 of IAS 24 Related party disclosures (key management compensation)i. The requirements in IAS 24 Related party disclosures to disclose related party transactions entered into between two or more members of a group.b. Going concernThe directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements.c. Foreign currency translationFunctional currency and presentation currencyThe Company’s functional currency is pound sterling (£). The financial statements are presented in pound sterling, which is the Company’s presentation currency.Transactions and balancesForeign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.d. Investment in subsidiariesInvestments are stated at cost less impairments.e. ImpairmentAssets that have an indefinite useful life are not subject to amortisation and are reviewed for impairment annually and when there are indications that the carrying value may not be recoverable. Assets that are subject to amortisation are reviewed for impairment wherever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carrying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of the fair value less costs to sell and value in use.2. OPERATING PROFITThere were no transactions during the current year and no audit was conducted as the company was dormant throughout the year.3. TAXATIONThe Company has not traded during the financial year and as a result no taxation disclosures are required to be made. In addition, there are no unused tax losses to disclose.4. INVESTMENTS IN SUBSIDIARYThe Company has investments in 200 Ordinary shares of £1 each of Avara International Ltd.Avara International Holdings Ltd owns the entire ordinary shares issued in Avara International Ltd. This company, and all the indirect wholly owned subsidiary undertakings of Avara International Holdings Limited at 31 December 2022 are consolidated into the financial statements of Avara Pharma Services Ltd. Copies of the consolidated financial statements of Avara Pharma Services Limited are publicly available at the registered address of the ultimate parent as stated below. The operating companies were all engaged in the same principal activities during the period, providing contract, development and manufacturing services to the pharmaceutical market. The registered address of the Ultimate Parent, Avara Pharma Services Limited is 9a Burroughs Gardens, London, NW4 4AU, which is the same address as the Company’s registered.

AVARA INTERNATIONAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

AVARA INTERNATIONAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

N/A

AVARA INTERNATIONAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Other debtors 100 100
Total 100 100
Debtors due after more than one year: 100 100

Balances are related to inter company repayable on demand and are non interest bearing.

AVARA INTERNATIONAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 100 100
Total 100 100

Balances are related to inter company repayable on demand and are non interest bearing