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REGISTERED NUMBER: 10925687 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HEXOPAY HOLDINGS LIMITED

HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

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










Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


HEXOPAY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr. B. Blake
Mr. A. Coyne
Mr. R. D. Smith





REGISTERED OFFICE: Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU





REGISTERED NUMBER: 10925687 (England and Wales)





ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Holding company

DIRECTORS
Mr. B. Blake has held office during the whole of the period from 1 February 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mr. A. Coyne - appointed 5 July 2023

Mr. R. D. Smith was appointed as a director after 31 January 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr. B. Blake - Director


31 January 2025

HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
£ £

TURNOVER - -

Administrative expenses - 364
OPERATING LOSS - (364 )

Income from shares in group undertakings - 350,000
PROFIT BEFORE TAXATION - 349,636

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR - 349,636

Retained earnings at beginning of year (377 ) (13 )

Dividends - (350,000 )

RETAINED EARNINGS AT END OF
YEAR

(377

)

(377

)

HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 125,220 125,220

CURRENT ASSETS
Debtors 5 2,585,003 2,585,003
NET CURRENT ASSETS 2,585,003 2,585,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,710,223

2,710,223

CAPITAL AND RESERVES
Called up share capital 1,199 1,199
Share premium 2,709,401 2,709,401
Retained earnings (377 ) (377 )
2,710,223 2,710,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr. B. Blake - Director


HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

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


1. STATUTORY INFORMATION

Hexopay 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 February 2023
and 31 January 2024 125,220
NET BOOK VALUE
At 31 January 2024 125,220
At 31 January 2023 125,220

HEXOPAY HOLDINGS LIMITED (REGISTERED NUMBER: 10925687)

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


4. FIXED ASSET INVESTMENTS - continued

Investments in subsidiary undertakings are held at cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 2,585,003 2,585,003

6. RELATED PARTY DISCLOSURES

Hexopay Holdings Limited is the parent company of Hexopay Limited. As at 31 January 2024 Hexopay Limited owed Hexopay Holdings Limited £2,528,407 (2023: £2,551,744). No interest has been charged on this loan.

Hexopay Holdings Limited is the parent company of Hexopay Suisse AG. As at 31 January 2024 Hexopay Suisse AG owed Hexopay Holdings Limited £54,344 (2023: £32,568). No interest has been charged on this loan.

Hexopay Holdings Limited is exempt from the requirement to prepare consolidated accounts as the group which it heads is classed as small.