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REGISTERED NUMBER: 01090614 (England and Wales)





















AUTOHOME INTERNATIONAL LTD

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Strategic Report 2

Report of the Director 3 to 4

Report of the Independent Auditors 5 to 8

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12 to 17


AUTOHOME INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A F Robinson



REGISTERED OFFICE: Mayleigh House
Orchard Hill
Little Billing
Northampton
NN3 9AD



REGISTERED NUMBER: 01090614 (England and Wales)



SENIOR STATUTORY AUDITOR: Stuart Armstrong FCCA



AUDITORS: Phipps Henson McAllister
Chartered Accountants
and Statutory Auditors
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
We consider that our key performance indicators are those that communicate the financial performance of the company as a whole, these being turnover and profits.

The company saw an increase in turnover of 37.4% during the year.

The company made a profit for the year after tax of £28,531 (2023 - £2,332).

Net assets have increased to £181,000 as a result of retained profits.

The directors are satisfied with the results for the year and are confident in the company's strategy going forward as they continue to develop into new niche markets.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal financial risks faced by the company and the company's objectives and policies in relation to those risks are as follows:-

CASH FLOW RISK
The company closely monitors and manages its cash flow. Cash flow forecasts are prepared with the objective of alerting the directors to potential future risks. It is the company's policy to ensure that adequate cash funds are available at all times to meet all outgoings.

CREDIT RISK
Credit risk is the financial exposure generated by the potential default of third parties in fulfilling their obligations. Credit risk arises for the company if it is unable to recover sums due from customers. The Company sets maximum levels of credit tolerance for its customers and regularly reviews them to mitigate this risk.

ON BEHALF OF THE BOARD:





A F Robinson - Director


26 September 2024

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing nationwide and international motor vehicle breakdown recovery, assistance services and associated fleet services.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2024.

DIRECTOR
A F Robinson held office during the whole of the period from 1 April 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


AUDITORS
The auditors, Phipps Henson McAllister, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



A F Robinson - Director


26 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INTERNATIONAL LTD


Opinion
We have audited the financial statements of Autohome International Ltd (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INTERNATIONAL LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INTERNATIONAL LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the
sector in which they operate. We determined that the following laws and regulations were most significant:
the Companies Act 2006, and UK corporate taxation laws.
- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks
by making inquiries to the management. We corroborated our inquiries through our review of board minutes
and other papers.
- We assessed the susceptibility of the Company's financial statements to material misstatement, including how
fraud might occur. Audit procedures performed by the engagement team included:
- identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud;
- understanding how those charged with governance considered and addressed the potential for override
of controls or other inappropriate influence over the financial reporting process;
- identifying and testing journal entries, in particular any journal entries posted with unusual account
combinations; and
- assessing the extent of compliance with the relevant laws and regulations.

These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from an error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INTERNATIONAL LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stuart Armstrong FCCA (Senior Statutory Auditor)
for and on behalf of Phipps Henson McAllister
Chartered Accountants
and Statutory Auditors
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

26 September 2024

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 1,328,867 967,146

Cost of sales 1,242,484 917,828
GROSS PROFIT 86,383 49,318

Administrative expenses 48,985 46,128
OPERATING PROFIT 4 37,398 3,190


Interest payable and similar expenses 5 154 -
PROFIT BEFORE TAXATION 37,244 3,190

Tax on profit 6 8,713 858
PROFIT FOR THE FINANCIAL YEAR 28,531 2,332

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

28,531

2,332

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 27,067 -

CURRENT ASSETS
Debtors 8 250,664 151,055
Cash at bank 112,943 78,517
363,607 229,572
CREDITORS
Amounts falling due within one year 9 203,033 77,103
NET CURRENT ASSETS 160,574 152,469
TOTAL ASSETS LESS CURRENT LIABILITIES 187,641 152,469

PROVISIONS FOR LIABILITIES 10 6,641 -
NET ASSETS 181,000 152,469

CAPITAL AND RESERVES
Called up share capital 11 238,100 238,100
Retained earnings 12 (57,100 ) (85,631 )
SHAREHOLDERS' FUNDS 181,000 152,469

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





A F Robinson - Director


AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 238,100 (87,963 ) 150,137

Changes in equity
Total comprehensive income - 2,332 2,332
Balance at 31 March 2023 238,100 (85,631 ) 152,469

Changes in equity
Total comprehensive income - 28,531 28,531
Balance at 31 March 2024 238,100 (57,100 ) 181,000

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Autohome International Ltd 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 (£).


Autohome International Limited is a company that provides nationwide and international motor vehicle breakdown recovery, assistance services and associated fleet services.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is financed by loans provided by other members of the Mayleigh House Holdings Group.
The other members of the group have confirmed their intention to continue to provide funding which is sufficient for the company's needs for the foreseeable future.

In view of this continued support the directors have prepared the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of funding.

The directors have reviewed liquidity requirements across the Group and are confident that there is sufficient flexibility such that it continues to be appropriate to prepare the accounts on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover represents amounts invoiced during the year, excluding value added tax. Revenue is recognised in the period in which the services are provided, when the amount of revenue can be determined reliably, it is probable that the company will receive the consideration due and the costs in providing the service can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance


AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Related party transactions
The company is a wholly owned subsidiary of Mayleigh House Holdings Limited, the consolidated accounts of which are publicly available. The company has taken advantage of the exemption in FRS 102 from disclosing transactions with members of the group.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Critical accounting judgements and estimation uncertainty
To be able to prepare financial statements in accordance with FRS102, Autohome International Limited must make certain estimates and judgements that have an impact on the policies and the amounts reported in the annual accounts. The estimates and judgement are based on historical experiences and other factors including expectations of future events that are believed to be reasonable at the time such estimates and judgements are made. Actual experience may vary from these estimates.

The estimates and assumptions which have the most significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below:

Tangible Assets
Autohome International Limited determines the estimated useful lives, residual values and related depreciation charges for its fixed assets with reference to the estimated periods that the company intends to derive future economic benefits from the use of these assets. Management will revise the depreciation charge where useful lives or residual values are materially different from those previously estimated. Actual economic lives may differ from estimated useful lives and actual residual values may differ from estimated useful values. Periodic review could result in a change in depreciable lives and residual values and therefore depreciation expenses in the future periods.

Trade debtors
In determining the recoverability of trade debtors, management provide for any trade debtors that they believe not to be recoverable.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2024 nor for the year ended 31 March 2023.

The average number of employees during the year was NIL (2023 - NIL).

2024 2023
£    £   
Director's remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Other operating leases 12,279 15,580
Depreciation - owned assets 577 3,040
Auditors' remuneration 4,353 4,308

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
HMRC Interest 154 -

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 2,072 1,184

Deferred tax 6,641 (326 )
Tax on profit 8,713 858

UK corporation tax has been charged at 25% (2023 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 37,244 3,190
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

9,311

606

Effects of:
Capital allowances in excess of depreciation (6,766 ) -
Depreciation in excess of capital allowances - 578
Deferred taxation 6,641 (326 )
tax

Marginal relief (473 ) -
Total tax charge 8,713 858

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
Additions 647 26,997 27,644
At 31 March 2024 647 26,997 27,644
DEPRECIATION
Charge for year 15 562 577
At 31 March 2024 15 562 577
NET BOOK VALUE
At 31 March 2024 632 26,435 27,067

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,490 75,117
Amounts owed by group undertakings 2,184 2,438
Prepayments and accrued income 134,990 73,500
250,664 151,055

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,718 34,883
Amounts owed to group undertakings 68,889 26,635
Corporation tax 2,072 (2,730 )
VAT 21,204 11,467
Other creditors 2,588 2,588
Accruals and deferred income 74,562 4,260
203,033 77,103

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,641 -

AUTOHOME INTERNATIONAL LTD (REGISTERED NUMBER: 01090614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Accelerated capital allowances 6,641
Balance at 31 March 2024 6,641

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
238,100 Ordinary £1 238,100 238,100

12. RESERVES
Retained
earnings
£   

At 1 April 2023 (85,631 )
Profit for the year 28,531
At 31 March 2024 (57,100 )

Retained earnings includes all current and prior period retained profits and losses.

13. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Mayleigh House Holdings Limited, who hold 100% of the issued share capital. Mayleigh House Holdings Limited is a company registered in England and Wales and a copy of the group accounts can be obtained from: Mayleigh House, Orchard Hill, Little Billing, Northampton NN3 9AD.

14. RELATED PARTY DISCLOSURES

Autohome International Limited is a wholly owned subsidiary of Mayleigh House Holdings Limited.

Mayleigh House Holdings Limited is also the 100% parent company of Autohome Insurance Limited, Autohome Limited and Mayleigh House Investments Limited.

During the year sales of £579,835 (2023: £261,456) were made to companies of which A F Robinson is a director. Included in Debtors is £86,700 (2023: £22,921) owing from these companies.

During the year purchases of £xx,xxx (2023: £85,399) were made from companies of which A F Robinson is a director. Included in Trade Creditors is £nil (2023: £nil) owed to these companies.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A F Robinson.