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Registration number: 11211774

Chemex Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Chemex Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Chemex Holdings Ltd

Company Information

Director

Mr DW Taylor

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Chemex Holdings Ltd

(Registration number: 11211774)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

613,299

613,299

Current assets

 

Debtors

5

221,667

221,667

Creditors: Amounts falling due within one year

6

(714,967)

(714,967)

Net current liabilities

 

(493,300)

(493,300)

Total assets less current liabilities

 

119,999

119,999

Creditors: Amounts falling due after more than one year

6

(100,000)

(100,000)

Net assets

 

19,999

19,999

Capital and reserves

 

Called up share capital

19,999

19,999

Shareholders' funds

 

19,999

19,999

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mr DW Taylor
Director

 

Chemex Holdings Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

These financial statements were authorised for issue by the director on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Chemex Holdings Ltd

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

613,299

613,299

Subsidiaries

£

Cost or valuation

At 1 January 2023

613,299

Provision

Carrying amount

At 31 December 2023

613,299

At 31 December 2022

613,299

The investment in subsidiary companies relates to the Company's investment in Chemex International Limited. The company owns 100% of the Ordinary A, Ordinary B, Ordinary C, Preference and New Preference share capital of Chemex International Limited.

5

Debtors

Current

2023
£

2022
£

Other debtors

221,667

221,667

 

221,667

221,667

 

Chemex Holdings Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

714,967

714,967

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

100,000

100,000

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Redeemable preference shares

100,000

100,000

 

Chemex Holdings Ltd

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

8

Related party transactions

Loans to related parties

2023

Other related parties
£

Total
£

At start of period

221,667

221,667

At end of period

221,667

221,667

2022

Other related parties
£

Total
£

Advanced

221,667

221,667

At end of period

221,667

221,667

Terms of loans to related parties

DTH 18 Ltd own all shares in the company. At the financial year end they owe the company £221,667.

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

(714,967)

(714,967)

At end of period

(714,967)

(714,967)

2022

Other related parties
£

Total
£

At start of period

(493,300)

(493,300)

Advanced

(221,667)

(221,667)

At end of period

(714,967)

(714,967)

Terms of loans from related parties

Chemex International Ltd is a subsidiary of Chemex Holdings Ltd as the company holds all share capital in the subsidiary. At the financial year end they are owed £714,967 from the company.