Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11852926 Mr Angel Faus Tomas Mr Luis Faus Tomas true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11852926 2022-12-31 11852926 2023-12-31 11852926 2023-01-01 2023-12-31 11852926 frs-core:CurrentFinancialInstruments 2023-12-31 11852926 frs-core:ShareCapital 2023-12-31 11852926 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11852926 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11852926 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11852926 frs-bus:SmallEntities 2023-01-01 2023-12-31 11852926 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11852926 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11852926 1 2023-01-01 2023-12-31 11852926 frs-core:CostValuation 2022-12-31 11852926 frs-core:CostValuation 2023-12-31 11852926 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 11852926 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11852926 frs-bus:Director1 2023-01-01 2023-12-31 11852926 frs-bus:Director2 2023-01-01 2023-12-31 11852926 1 2023-01-01 2023-12-31 11852926 frs-countries:EnglandWales 2023-01-01 2023-12-31 11852926 2021-12-31 11852926 2022-12-31 11852926 2022-01-01 2022-12-31 11852926 frs-core:CurrentFinancialInstruments 2022-12-31 11852926 frs-core:ShareCapital 2022-12-31 11852926 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11852926 1 2022-01-01 2022-12-31
Registered number: 11852926
Vlex Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11852926
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,554,281 4,554,281
4,554,281 4,554,281
CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank and in hand 2,424 2,424
3,424 3,424
Creditors: Amounts Falling Due Within One Year 6 (6,317,091 ) (6,312,568 )
NET CURRENT ASSETS (LIABILITIES) (6,313,667 ) (6,309,144 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,759,386 ) (1,754,863 )
NET LIABILITIES (1,759,386 ) (1,754,863 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (1,759,486 ) (1,754,963 )
SHAREHOLDERS' FUNDS (1,759,386) (1,754,863)
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For the year ending 31 December 2023 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Angel Faus Tomas
Director
Mr Luis Faus Tomas
Director
28 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vlex Holdings Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 11852926 . The registered office is Brierly Place, New London Road, Chelmsford, Essex, England, CM2 0AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 2 2
2 2
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4. Investments
Other
£
Cost
As at 1 January 2023 4,554,281
As at 31 December 2023 4,554,281
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 4,554,281
As at 1 January 2023 4,554,281
The company holds 20% or more of the share capital of the following company:
Vlex Justis Limited (Justis Publishing Limited) : 100% Ordinary shares : Capital reserve £(175,701) (2022 : £348,864) : Profit / Loss for the year £(524,565) (2022 : £(6,439)).
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,000 1,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 317 -
Bank loans and overdrafts - 205
Amounts owed to group undertakings 6,316,774 6,312,363
6,317,091 6,312,568
7. Related Party Transactions
The amount due to group undertaking at the year end was £6,316,774 (2022 : £6,312,363)
8. Ultimate Parent Undertaking and Controlling Party
The parent company is VLEX Networks SL, incorporated in Spain. The registered office is Tanger 86, 7-107, 08018 Barcelona, Spain
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