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REGISTERED NUMBER: 13344426 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Centexbel International Limited

Centexbel International Limited (Registered number: 13344426)






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


Centexbel International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms I De Witte
Mr J Laperre
Mr U M Ravyts





SECRETARY: MYUKOFFICE LTD





REGISTERED OFFICE: 8 Northumberland Avenue
London
WC2N 5BY





REGISTERED NUMBER: 13344426 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Centexbel International Limited (Registered number: 13344426)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 5,509 3,214
Cash at bank 427,493 465,501
433,002 468,715
CREDITORS
Amounts falling due within one year 6 349,894 11,255
NET CURRENT ASSETS 83,108 457,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,108

457,460

CREDITORS
Amounts falling due after more than one
year

7

150,000

500,000
NET LIABILITIES (66,892 ) (42,540 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (66,992 ) (42,640 )
SHAREHOLDERS' FUNDS (66,892 ) (42,540 )

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 2 August 2024 and were signed on its behalf by:





Mr U M Ravyts - Director


Centexbel International Limited (Registered number: 13344426)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Centexbel 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
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 liabilities of £66,892 and is dependent on the continued financial support of its parent company Centexbel vzw. The directors of Centexbel vzw have agreed to provide such support to ensure the company will be able to meet its debts as they fall due for the foreseeable future. The accounts are therefore prepared on a going concern basis.

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

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.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Centexbel International Limited (Registered number: 13344426)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

885

825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 2,550
Other debtors 5,509 664
5,509 3,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 348,539 -
Other creditors 1,355 11,255
349,894 11,255

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 150,000 500,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (42,640 )
Deficit for the year (24,352 )
At 31 December 2023 (66,992 )

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

Centexbel International Limited (Registered number: 13344426)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. RELATED PARTY DISCLOSURES

The company has a loan outstanding with its parent company Centexbel vzw totalling £500,000 (2022: £500,000). During 2022 Interest was payable at 2% and amounted to £10,000. During the year ended 31 December 2023 the payments of interest were paused. No interest has been paid on this loan during the 31 December 2023 year end.

During the year the company made sales totalling £4,950 (2022: £2,550) to Centexbel vzw. Also during the year Centexbel vzw recharged costs to the company totalling £239 (2022: £NIL).

At the balance sheet date an amount of £498,539 (2022: £507,450) was owed from the company to Centexbel vzw.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Centexbel vzw, a company registered in Belgium