IRIS Accounts Production v24.2.0.383 03917701 Board of Directors 1.1.23 31.12.23 31.12.23 16.8.24 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039177012022-12-31039177012023-12-31039177012023-01-012023-12-31039177012021-12-31039177012022-01-012022-12-31039177012022-12-3103917701ns15:EnglandWales2023-01-012023-12-3103917701ns14:PoundSterling2023-01-012023-12-3103917701ns10:Director12023-01-012023-12-3103917701ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103917701ns10:SmallEntities2023-01-012023-12-3103917701ns10:Audited2023-01-012023-12-3103917701ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103917701ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103917701ns10:FullAccounts2023-01-012023-12-3103917701ns10:Director32023-01-012023-12-3103917701ns10:Director42023-01-012023-12-3103917701ns10:RegisteredOffice2023-01-012023-12-3103917701ns5:CurrentFinancialInstruments2023-12-3103917701ns5:CurrentFinancialInstruments2022-12-3103917701ns5:ShareCapital2023-12-3103917701ns5:ShareCapital2022-12-3103917701ns5:RetainedEarningsAccumulatedLosses2023-12-3103917701ns5:RetainedEarningsAccumulatedLosses2022-12-3103917701ns5:CostValuation2022-12-310391770112023-01-012023-12-31
REGISTERED NUMBER: 03917701 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RMG EMEA HOLDINGS LIMITED

RMG EMEA HOLDINGS LIMITED (REGISTERED NUMBER: 03917701)






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


RMG EMEA HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr G Clopp
Mr A Ahlowalia
Mr S J Mitchell





REGISTERED OFFICE: Ground Floor
400 Capability Green
Luton
Bedfordshire
LU1 3LU





REGISTERED NUMBER: 03917701 (England and Wales)





AUDITORS: FKCA Limited
Statutory Auditor
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

RMG EMEA HOLDINGS LIMITED (REGISTERED NUMBER: 03917701)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 940,771 940,771

CREDITORS
Amounts falling due within one year 5 511,262 511,262
NET CURRENT LIABILITIES (511,262 ) (511,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,509

429,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 429,409 429,409
SHAREHOLDERS' FUNDS 429,509 429,509

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 23 September 2024 and were signed on its behalf by:





Mr S J Mitchell - Director


RMG EMEA HOLDINGS LIMITED (REGISTERED NUMBER: 03917701)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

RMG EMEA 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about RMG EMEA Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 940,771
NET BOOK VALUE
At 31 December 2023 940,771
At 31 December 2022 940,771

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 511,262 511,262

RMG EMEA HOLDINGS LIMITED (REGISTERED NUMBER: 03917701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

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

The Report of the Auditors was unqualified.

Tara Aldwin ACA (Senior Statutory Auditor)
for and on behalf of FKCA Limited

7. POST BALANCE SHEET EVENTS

On 1 August 2024 RMG EMEA Holdings Limited acquired the entire share capital of NFS International Holdings Limited and NFS Meetings Technology Limited. The entire share capital of NFS Technology Group Inc., a subsidiary of NFS International Holdings Limited, was subsequently transferred to RMG Enterprise Solutions Inc. The financial impact is being determined and an estimate cannot be made at the date of signing these financial statements.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent and controlling party is RMG Networks Holding Corporation, a company incorporated in the USA with a registered address 15301 Dallas Parkway, Addison, Texas, 75001, USA. This is the largest and smallest group for which consolidated accounts are prepared.

Due to a restructure of the group on 26 June 2023, the company's ultimate parent and controlling party changed to Korbyt Holdco LLC, a company incorporated in the USA.