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REGISTERED NUMBER: 00857662 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DEXAM INTERNATIONAL (HOLDINGS) LIMITED

DEXAM INTERNATIONAL (HOLDINGS) LIMITED (REGISTERED NUMBER: 00857662)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEXAM INTERNATIONAL (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R T Morgan-Grenville
B Dyer





SECRETARY: B Dyer





REGISTERED OFFICE: Units 8-10
Holmbush Industrial Estate
Midhurst
West Sussex
GU29 9HE





REGISTERED NUMBER: 00857662 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

DEXAM INTERNATIONAL (HOLDINGS) LIMITED (REGISTERED NUMBER: 00857662)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1 1

CREDITORS
Amounts falling due within one year 5 460,715 440,043
NET CURRENT LIABILITIES (460,714 ) (440,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(460,714

)

(440,042

)

CAPITAL AND RESERVES
Called up share capital 6 642,033 642,033
Share premium 459,648 459,648
Retained earnings (1,562,395 ) (1,541,723 )
SHAREHOLDERS' FUNDS (460,714 ) (440,042 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





R T Morgan-Grenville - Director


DEXAM INTERNATIONAL (HOLDINGS) LIMITED (REGISTERED NUMBER: 00857662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Dexam International (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

Monetary amounts in these financial statements are rounded to the nearest whole £1. The financial statements are presented in sterling which is also the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has net current liabilities of £460,714 (2022: £440,042) at the balance sheet date.

The financial statements have been prepared on the going concern basis on the assessment of the directors. Dexam International Limited, of which the company is a fellow group company, as well as the group shareholders, have indicated their intention to continue to support the trading activities of the company for a minimum period of twelve months from the date on which these accounts have been approved, in particular in relation to the amounts owed to them, and there is no reason to believe why the support will not continue to be available to the company.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables 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.

DEXAM INTERNATIONAL (HOLDINGS) LIMITED (REGISTERED NUMBER: 00857662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by fellow group companies 1 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to fellow group companies 171,749 157,116
Taxation and social security 53,773 50,209
Other creditors 235,193 232,718
460,715 440,043

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
642,033 Ordinary £1 642,033 642,033

7. CONTINGENT LIABILITIES

The company is currently in correspondence with HMRC regarding agreeing a payment plan for the taxation creditor. Any potential interest and penalties accruing on the late filing of returns and payment of liabilities cannot reliably be measured until such an agreement is reached and has therefore not been provided for at the balance sheet date.

8. OTHER FINANCIAL COMMITMENTS

Dexam International (Holdings) Limited is a fellow group company of Dexam International Limited. The bank working capital facilities held in Dexam International Limited, are secured by the lender via fixed and floating charges across all the property or undertakings of the four companies, Dexam Group Limited, Dexam International (Holdings) Limited, Dexam International Limited and Dexam Online Limited and contains a negative pledge.