IRIS Accounts Production v24.2.0.383 10399587 Board of Directors 1.10.22 30.9.23 30.9.23 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103995872022-09-30103995872023-09-30103995872022-10-012023-09-30103995872021-09-30103995872021-10-012022-09-30103995872022-09-3010399587ns15:EnglandWales2022-10-012023-09-3010399587ns14:USDollar2022-10-012023-09-3010399587ns10:Director12022-10-012023-09-3010399587ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3010399587ns10:SmallEntities2022-10-012023-09-3010399587ns10:AuditExemptWithAccountantsReport2022-10-012023-09-3010399587ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3010399587ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3010399587ns10:FullAccounts2022-10-012023-09-3010399587ns10:Director22022-10-012023-09-3010399587ns10:RegisteredOffice2022-10-012023-09-3010399587ns5:CurrentFinancialInstruments2023-09-3010399587ns5:CurrentFinancialInstruments2022-09-3010399587ns5:Non-currentFinancialInstruments2023-09-3010399587ns5:Non-currentFinancialInstruments2022-09-3010399587ns5:ShareCapital2023-09-3010399587ns5:ShareCapital2022-09-3010399587ns5:RetainedEarningsAccumulatedLosses2023-09-3010399587ns5:RetainedEarningsAccumulatedLosses2022-09-3010399587ns5:CostValuation2022-09-3010399587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3010399587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3010399587ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3010399587ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-09-30
REGISTERED NUMBER: 10399587 (England and Wales)















AXIM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






AXIM HOLDINGS LIMITED (REGISTERED NUMBER: 10399587)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


AXIM HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S R Hall
M S Smith





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 10399587 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AXIM HOLDINGS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Axim Holdings Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Axim Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Axim Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Axim Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Axim Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Axim Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Axim Holdings Limited. You consider that Axim Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Axim Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


11 September 2024

AXIM HOLDINGS LIMITED (REGISTERED NUMBER: 10399587)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes $ $ $ $
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Debtors 5 3,173,142 3,173,142

CREDITORS
Amounts falling due within one year 6 264,390 264,390
NET CURRENT ASSETS 2,908,752 2,908,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,908,755

2,908,755

CREDITORS
Amounts falling due after more than one
year

7

3,713,977

3,713,977
NET LIABILITIES (805,222 ) (805,222 )

CAPITAL AND RESERVES
Called up share capital 12,512 12,512
Retained earnings (817,734 ) (817,734 )
SHAREHOLDERS' FUNDS (805,222 ) (805,222 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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.

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 11 September 2024 and were signed on its behalf by:





S R Hall - Director


AXIM HOLDINGS LIMITED (REGISTERED NUMBER: 10399587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Axim Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10399587 and its registered office address is Fryern House 125 Winchester Road, Chandler's Ford, Hampshire, SO53 2DR.

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 presentation currency is US Dollar ($).

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 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 US Dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollar at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Significant judgements and estimates
The directors do not consider there to be any significant judgements or key sources of estimation uncertainty.

Going concern
These financial statements have been prepared on a going concern basis, which assumes the company will continue to meet its obligations as they fall due. The company is reliant on the continued support of the Directors, the companies within the group and other external investors.

3. EMPLOYEES AND DIRECTORS

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

AXIM HOLDINGS LIMITED (REGISTERED NUMBER: 10399587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$
COST
At 1 October 2022
and 30 September 2023 3
NET BOOK VALUE
At 30 September 2023 3
At 30 September 2022 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Amounts owed by group undertakings 3,171,435 3,171,435
VAT 1,707 1,707
3,173,142 3,173,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Trade creditors 249,390 249,390
Accruals and deferred income 15,000 15,000
264,390 264,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
$ $
Other loans - 1-2 years 3,713,977 3,713,977

8. ULTIMATE CONTROLLING PARTY

The ultimate control of the company is exercised by Mr S L Cloran.