IRIS Accounts Production v24.2.0.383 10830910 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108309102022-12-31108309102023-12-31108309102023-01-012023-12-31108309102021-12-31108309102022-01-012022-12-31108309102022-12-3110830910ns15:EnglandWales2023-01-012023-12-3110830910ns14:Euro2023-01-012023-12-3110830910ns10:Director12023-01-012023-12-3110830910ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110830910ns10:SmallEntities2023-01-012023-12-3110830910ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110830910ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110830910ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110830910ns10:FullAccounts2023-01-012023-12-3110830910ns10:CompanySecretary12023-01-012023-12-3110830910ns10:RegisteredOffice2023-01-012023-12-3110830910ns5:CurrentFinancialInstruments2023-12-3110830910ns5:CurrentFinancialInstruments2022-12-3110830910ns5:ShareCapital2023-12-3110830910ns5:ShareCapital2022-12-3110830910ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3110830910ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3110830910ns5:RetainedEarningsAccumulatedLosses2023-12-3110830910ns5:RetainedEarningsAccumulatedLosses2022-12-3110830910ns5:CostValuation2022-12-3110830910ns5:DisposalsRepaymentsInvestments2023-12-3110830910ns5:CostValuation2023-12-3110830910ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110830910ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARGENTA SUB-HOLDING LIMITED

ARGENTA SUB-HOLDING LIMITED (REGISTERED NUMBER: 10830910)






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


ARGENTA SUB-HOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms K Safai





SECRETARY: Lincoln Secretaries Limited





REGISTERED OFFICE: 12 Bridewell Place
Third Floor East
London
EC4V 6AP





REGISTERED NUMBER: 10830910 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
Hendon
London
NW4 4AB

ARGENTA SUB-HOLDING LIMITED (REGISTERED NUMBER: 10830910)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €   
CURRENT ASSETS
Debtors 5 25,783 87,882
Cash at bank 179,709 764,945
205,492 852,827
CREDITORS
Amounts falling due within one year 6 95,460 726,102
NET CURRENT ASSETS 110,032 126,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,032

126,725

CAPITAL AND RESERVES
Called up share capital 162,000 162,000
Capital contribution 8,140,000 8,140,000
Retained earnings (8,191,968 ) (8,175,275 )
110,032 126,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 September 2024 and were signed by:





Ms K Safai - Director


ARGENTA SUB-HOLDING LIMITED (REGISTERED NUMBER: 10830910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Argenta Sub-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

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 company made recurring losses and had significant net current liabilities at the reporting date. Also, at that date, the realisable value of its investments remained uncertain. These conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. However,at the time of approving the financial statements, the director is confident that the company will continue to receive financial support from its parent undertaking and therefore has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Argenta Sub-Holding 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 or deferred taxation assets and liabilities are not discounted.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ARGENTA SUB-HOLDING LIMITED (REGISTERED NUMBER: 10830910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Other
investments
€   
COST
At 1 January 2023 142,560
Disposals (28,200 )
At 31 December 2023 114,360
PROVISIONS
At 1 January 2023 142,560

Eliminated on disposal (28,200 )
At 31 December 2023 114,360
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Amounts owed by group undertakings 24,000 86,099
Tax 1,783 1,783
25,783 87,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade creditors - 5,025
Amounts owed to participating interests 90,000 710,000
Accruals and deferred income 5,460 11,077
95,460 726,102

7. ULTIMATE CONTROLLING PARTY

The company's parent and ultimate parent undertaking is Argenta Holdings Sarl, a company registered in Luxembourg.