REGISTERED NUMBER: |
Dunlop International Limited |
Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
Dunlop International Limited |
Financial Statements |
for the Year Ended 31 December 2023 |
Dunlop International Limited (Registered number: 04825179) |
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 |
Dunlop International Limited |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Dunlop International Limited (Registered number: 04825179) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 5 |
Share premium |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds |
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. |
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 |
Dunlop International Limited (Registered number: 04825179) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
Dunlop International 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. |
2. | Accounting policies |
Basis of preparing the financial statements |
A summary of principal accounting policies, is set out below. The financial statements are presented in Sterling (£). |
Going Concern |
As part of a group reorganisation plan it has been decided that the Company would be liquidated as soon as possible. As such, the directors have concluded it is not appropriate to prepare the accounts on a going concern basis. |
The directors reviewed the balance sheet as 31 December 2023 to consider if any assets are held at recoverable amounts. The directors had previously considered that the values of the assets would be realised during 2019 and 2020, and no adjustments were made as at these dates. No adjustment was made to reduce liabilities as the Company intends to settle these in full. No provisions have been made for the cost of closure as these are expected to be minimal. The directors considered the following items in particular: |
- realisation of intangible assets; |
- realisation of current assets; |
- settlement of liabilities; and |
- requirement to make provision for any items arising as a result of the decision. |
No adjustment has been made to the carrying amount of any of the assets or liabilities as value of these balances on a break-up basis are the same as if they were prepared on a going concern basis. |
The Company was dormant throughout the current year and previous year. |
Preparation of consolidated financial statements |
The financial statements contain information about Dunlop International Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Sumitomo Rubber Industries Limited, 3-6-9 Wakinohama-cho, Chuo-ku, Kobe, Hyogo 651-0072, Japan. |
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 group undertakings |
Dunlop International Limited (Registered number: 04825179) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
5. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 464,060 | 464,060 |
6. | Ultimate controlling party |
The Company considers Dunlop International Europe Limited, incorporated in the United Kingdom, to be its immediate parent company, and Sumitomo Rubber Industries Limited, incorporated in Japan, to be its ultimate parent company. |
The largest and smallest group in which the company consolidated is Sumitomo Rubber Industries Limited. A copy of the accounts of Sumitomo Rubber Industries can be obtained from 3-6-9 Wakinohama-Cho, Chuo-Ku, Kobe, Hyogo 651-007, Japan. |