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REGISTERED NUMBER: 03132548 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AGN INTERNATIONAL LTD

AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

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


AGN INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Felenda
B M Franklin
A G A Akel
A Le Prince
A Sokic
K Roe
G H Cusack
M I R Rangel Gomez





SECRETARY: M Ward





REGISTERED OFFICE: 3 More London Riverside
London
SE1 2RE





REGISTERED NUMBER: 03132548 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1 1
1 1

CURRENT ASSETS
Debtors 6 134,981 113,377
Cash at bank 413,864 383,993
548,845 497,370
CREDITORS
Amounts falling due within one year 7 290,692 221,363
NET CURRENT ASSETS 258,153 276,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,154

276,008

RESERVES
Income and expenditure account 258,154 276,008
258,154 276,008

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 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 surplus or deficit 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 25 September 2024 and were signed on its behalf by:





B M Franklin - Director


AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

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


1. STATUTORY INFORMATION

AGN International Ltd is a private company, limited by guarantee , 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 (£).


The functional currency of the company is considered to be pounds sterling because that is the currency of the economic environment in which the company operates. When determining the functional currency the directors have considered the currency that influences sales prices for goods and services, the competitive forces and regulations that determine the sales prices and the currency that influences labour, material and its overheads.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

The directors estimate the realisable value of trade and other receivable balances at the balance sheet date and adequacy of allowance for bad debts.

The directors include accruals for costs incurred but for which no invoice has been received at the balance sheet date; the value is determined using the best estimate for those costs.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Membership income is recognised over the life of individual memberships.

Income from meetings is recognised once the meeting has taken place.

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

AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company has become a party to the contractual provisions of the instrument.

- Financial assets
Cash and cash equivalents comprise cash at bank and in hand and other short-term deposits held by the Company with maturities of less than three months.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

- Financial liabilities
Borrowings are initially recognised at transaction price and are subsequently measured at amortised cost.

Liabilities are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation
Taxation for the year comprises current 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.

Foreign currencies
Transactions in currencies other than in pound sterling are initially recorded at the exchange rate prevailing on the dates of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the exchange rate prevailing at the reporting date. Gains and losses arising on retranslation are included in the Income Statement for the year.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit plans are charged as an expense as they fall due.

Interest income
Interest income is accrued on a time-apportioned basis, by reference to the principal outstanding and at the effective interest rate applicable.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 22,162
DEPRECIATION
At 1 January 2023
and 31 December 2023 22,162
NET BOOK VALUE
At 31 December 2023 -

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

The company's investments at the Balance Sheet date in the share capital of companies include the following:

AGN Ltd , a company incorporated in the United Kingdom.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,550 63,080
Other debtors 70,431 50,297
134,981 113,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,763 54,100
Taxation and social security 17,054 22,495
Other creditors 221,875 144,768
290,692 221,363

AGN INTERNATIONAL LTD (REGISTERED NUMBER: 03132548)

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


8. RELATED PARTY DISCLOSURES

Recharges of Services

AGN International Limited provides administrative support to its related regional entities and subsequently recharges each entity accordingly. Recharges in the year include:

2023 2022
£ £
Administrative expenses recharged to related regional entities 269,199 294,839

At the year end the balances due (to)/from regional entities were:

2023 2022
£ £
AGN International - EMEA Ltd (29,377 ) (4,236 )
AGN International - North America Inc 67,760 41,964
AGN International - Central and South America Foundation (18,651 ) (7,923 )
AGN International - Asia Pacific Limited (22,564 ) (25,487 )



The Directors of the company are partners or directors of independent firms of accountants and professional advisers that are members of the company. Their firms have made charges for expenses incurred on specific activities on behalf of the company as follows:

Director Firm Country 2023 2022
£ £

M. Felenda Schaffer & Partner spol Czech Republic - 14,730
V. Devi BSL Tax Services Singapore 3,466 3,600
A. Le Prince WLP GmbH Germany - 493
B. Franklin Weinstein Spira & Company, P.C. USA 6,948 7,685
A. G. A. Akel Adel Habib & Co Jordan 2,443 1,760
N.Norman Chiene + Tate LLP UK 806 606
A. Sokic Adams & Miles LLP Canada 2,908 -
K. Roe Clark Schaffer Hackett USA 3,000 -


In addition, the above directors' member firms have also made charges for the reimbursed expenses and other items of other individuals, as follows:

Firm 2023 2022
£ £

Clark Schaffer Hackett 1,033 -

At the reporting date, the company owed £2,443 (2022 - £5,955) to these independent firms of accountants and professional advisors. These balances arise as a result of recharged expenses.

9. LIMITED BY GUARANTEE

The company is Limited by Guarantee and does not have a share capital. The liability of each member of the company in the event of winding up is limited to £1.