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COMPANY REGISTRATION NUMBER: 08552802
VERDION EUROPEAN HOLDINGS LIMITED
FILLETED FINANCIAL STATEMENTS
31 December 2023
VERDION EUROPEAN HOLDINGS LIMITED
FINANCIAL STATEMENTS
Year ended 31 December 2023
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
VERDION EUROPEAN HOLDINGS LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
CURRENT ASSETS
Debtors
4
725,628
708,278
Cash at bank and in hand
246
18,720
---------
---------
725,874
726,998
CREDITORS: amounts falling due within one year
5
( 4,200)
( 524)
---------
---------
NET CURRENT ASSETS
721,674
726,474
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
721,674
726,474
---------
---------
NET ASSETS
721,674
726,474
---------
---------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
720,674
725,474
---------
---------
SHAREHOLDERS FUNDS
721,674
726,474
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr M J Hughes
Director
Company registration number: 08552802
VERDION EUROPEAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Acuity Legal Limited, 3 Assembly Square, Britannia Quay, Cardiff, CF10 4PL. The principal place of business is 76 Cannon Street, London, EC4N 6AE.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. DEBTORS
2023
2022
£
£
Other debtors
725,628
708,278
---------
---------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
24
Other creditors
4,200
500
-------
----
4,200
524
-------
----
6. SUMMARY AUDIT OPINION
The auditor's report for the year dated 6 September 2024 was unqualified .
The senior statutory auditor was Ataf Salim , for and on behalf of Kilsby & Williams LLP .
7. RELATED PARTY TRANSACTIONS
The company has taken advantage of the exemption provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions between wholly owned members of the same group.
8. CONTROLLING PARTY
The parent undertaking of the smallest group, which includes the company, is Verdion Group Limited, a company registered in Jersey. The parent undertaking of the largest group, which includes the company, is MJH Capital Ltd, a company registered in Jersey.