NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Doxense Limited is a private company, limited by shares, registered in England and Wales, registration number 06842901. The address of its registered office is 10 Queen Street Place, London, EC4R 1AG.
The principal activity of the company is providing licences.
The functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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:
As at the end of the year the company had net liabilities of £188,865. The director has reviewed the company's liabilities over the next 12 months and considers the business to be a going concern. The director confirmed that continuous support will be provided by the parent company, Doxense SRL for the foreseeable future, and at least for twelve months from the date of the approval of these financial statements along with steps being taken by management to ensure that all financial commitments can be met when they fall due.
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.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
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