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REGISTERED NUMBER: 04619314 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AGN INTERNATIONAL - EMEA LIMITED

AGN INTERNATIONAL - EMEA LIMITED (REGISTERED NUMBER: 04619314)

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


AGN INTERNATIONAL - EMEA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Ernst
M J Gibbs
Z Nassar
R S Arcidiacono
M D Luchtenburg
A Le Prince
P Cointe
E F J Seyvos
A Weinberger
B Bidnell





SECRETARY: M E Lawson





REGISTERED OFFICE: 3 More London Riverside
London
SE1 2RE





REGISTERED NUMBER: 04619314 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

AGN INTERNATIONAL - EMEA LIMITED (REGISTERED NUMBER: 04619314)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €   
CURRENT ASSETS
Debtors 4 45,646 31,573
Cash at bank 211,835 290,182
257,481 321,755
CREDITORS
Amounts falling due within one year 5 15,548 13,659
NET CURRENT ASSETS 241,933 308,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,933

308,096

RESERVES
Income and expenditure account 241,933 308,096
241,933 308,096

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 surplus or deficit 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 23 August 2024 and were signed on its behalf by:





M J Gibbs - Director


AGN INTERNATIONAL - EMEA LIMITED (REGISTERED NUMBER: 04619314)

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


1. STATUTORY INFORMATION

AGN International - EMEA Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Euro (€).


The functional currency of the company is considered to be Euros because that is the currency of the economic environment in which the company operates. When determining the functional currency the directors have considered the currency that influences sales prices for goods and services, the competitive forces and regulations that determine the sales prices and the currency that influences labour, material and its overheads.

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.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The main assumption made by the directors is to estimate the realisable value of trade and other receivable balances at the balance sheet date, and adequacy of allowance for bad debts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Subscription income is recognised over the life of the subscription.

Income from meetings is recognised once the meeting has taken place.

Financial instruments
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.

Cash at bank is measured at transaction price.

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.

Foreign currencies
Transactions in currencies other than in Euros are initially recorded at the exchange rate prevailing on the date of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the exchange rate prevailing at the reporting date. Gains and losses arising on retranslation are included in the income statement for the period.

AGN INTERNATIONAL - EMEA LIMITED (REGISTERED NUMBER: 04619314)

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 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
€    €   
Trade debtors 735 4,986
Other debtors 44,911 26,587
45,646 31,573

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade creditors 9,486 8,659
Other creditors 6,062 5,000
15,548 13,659

AGN INTERNATIONAL - EMEA LIMITED (REGISTERED NUMBER: 04619314)

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


6. RELATED PARTY DISCLOSURES

AGN International Ltd is considered to be a related party through both companies sharing key management staff. The Company has entered into a licence agreement with AGN International Ltd, which provides for the supply of administrative services, as follows:

2023 2022
Administrative services recharged from:
AGN International Ltd 161,316 164,463

At the year end there was a balance of €28,826 (2022 - €3,809) due from AGN International Ltd.

The Directors of the Company are partners or directors of independent firms of accountants and professional advisers that are members of the Company. Their firms have made charges for time incurred on specific activities on behalf of the Company, reimbursed expenses and other items, as follows:

Director Firm Country 2023 2022

M Gibbs Dafferns LLP United Kingdom 1,976 1,246
E Seyvos BM&A France - 277
T Luchtenburg DK Accountants Netherlands 2,842 5,172
A Le Prince WLP GmbH Germany 537 869
A Weinberger Wirtschaftstreuhand GmbH Germany 3,827 5,635
R Arcidiacono Fiduciaria Mega SA Switzerland - 391
Z Nassar Serhal Nassar Lebanon - 758
F Rauchbauer Multicont Austria - 555
B Bidnell Shipleys LLP United Kingdom 597

In addition, the above directors' members firms have also made charges for the reimbursed expenses and other items of other individuals, as follows:

Firm 2023 2022

Wirtschaftstreuhand GmbH 363 -
Dafferns LLP 139 5,927
BM&A 3,703 891
Caderas Martin 1,340 2,725
Shipleys 5,441 3,504
WLP GmbH - 331
DK Accountants 300 -

At the reporting date the balances due to/(from) these firms were:

Firm 2023 2022

Wirtschaftstreuhand GmbH 782 782
BM&A (1,387 ) -
Caderas Martin 902 -
Fiduciaria Mega SA 303 -

7. LIMITED BY GUARANTEE

The Company is Limited by Guarantee and does not have a share capital. The liability of each member of the Company in the event of winding up is limited to €1.