REGISTERED NUMBER: |
Dunlop International Holdings Limited |
Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
Dunlop International Holdings Limited |
Financial Statements |
for the Year Ended 31 December 2023 |
Dunlop International Holdings Limited (Registered number: 03139917) |
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 Holdings Limited |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Dunlop International Holdings Limited (Registered number: 03139917) |
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 |
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 Holdings Limited (Registered number: 03139917) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
Dunlop International Holdings 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 |
The financial statements are prepared in Sterling, which is the functional currency of the Company. A summary of principal accounting policies, is set out below. |
Related party exemption |
The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
The directors consider there to be no key management personnel, other than the directors, who have authority and responsibility for planning, directing and controlling the activities of the Company. |
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 at 31 December 2023, there are no assets or liabilities held at the year end therefore there are no adjustments to present a true and far view. 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. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
Dunlop International Holdings Limited (Registered number: 03139917) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
4. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
Amounts owed by group undertakings are interest free, repayable on demand and no security is provided. |
5. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
6. | Ultimate parent party |
The Company considers Sumitomo Rubber Industries Limited to be its immediate and ultimate parent company. |
The largest and smallest group in which the company is consolidated is Sumitomo Rubber Industries Limited. A copy of the accounts of Sumitomo Rubber Industries Limited can be obtained from 3-6-9 Wakinohama-cho, Chuo-ku, Kobe, Hyogo 651-0072 Japan. |