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Registered number: 14503764









ACID LABS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACID LABS HOLDINGS LIMITED
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023

24 November 2022 to 
31 December 2023

Other charges
  
(23,175)

(Loss)/profit
  
(23,175)

Page 1

 
ACID LABS HOLDINGS LIMITED
REGISTERED NUMBER: 14503764

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note

Fixed assets
  

Investments
  
1,020,206

  
1,020,206

Current assets
  

Debtors: amounts falling due within one year
 4 
64,984

  
64,984

Creditors: amounts falling due within one year
 5 
(51,808)

Net current assets
  
 
 
13,176

Total assets less current liabilities
  
1,033,382

  

Net assets
  
1,033,382


Capital and reserves
  

Called up share capital 
 6 
1,056,557

Profit and loss account
  
(23,175)

  
1,033,382


Page 2

 
ACID LABS HOLDINGS LIMITED
REGISTERED NUMBER: 14503764
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023



Notes


Average number of employees

The average monthly number of employees, including directors, during the year was 0.

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.




................................................
Natalie Muvihill
Director

Page 3

 
ACID LABS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


Statutory information

Acid Labs Holding 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Trade and other creditors

Trade creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

Page 4

 
ACID LABS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Fixed asset investments





Investments in subsidiary companies




Cost or valuation


Additions
1,020,206



At 31 December 2023
1,020,206





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Holding

Acid Labs Holdings Limited, Agencia en Chile
Chile
100%
ALV LLC
U.S.A
100%
ALV Uruguay SAS
Uruguay
100%


4.


Debtors

2023


Amounts owed by shareholders
45,000

Accrued expenses
19,984

64,984



5.


Creditors: Amounts falling due within one year

2023

Trade creditors
12,863

Amounts owed to group undertakings
30,387

Other creditors
8,558

51,808


Page 5

 
ACID LABS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Share capital

2023
Allotted, called up and fully paid


45,00045,000 Ordinary shares of £1.00 each
45,000
945,000 Ordinary shares of $1.35 each
1,011,557

1,056,557





7.


Post balance sheet events

No events have occurred since balance sheet, which would change the financial position of the Company
and which would require adjustments of or disclosure in the annual accounts now presented.

 
Page 6