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Registered number: 11820799
Hempflax International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11820799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 7,814,947 7,814,947
7,814,947 7,814,947
CURRENT ASSETS
Debtors 5 - 1,140
Cash at bank and in hand 994 1,880
994 3,020
Creditors: Amounts Falling Due Within One Year 6 (748,896 ) (95,609 )
NET CURRENT ASSETS (LIABILITIES) (747,902 ) (92,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,067,045 7,722,358
Creditors: Amounts Falling Due After More Than One Year 7 - (640,395 )
NET ASSETS 7,067,045 7,081,963
CAPITAL AND RESERVES
Called up share capital 8 359,961 359,961
Share premium account 6,820,257 6,820,257
Profit and Loss Account (113,173 ) (98,255 )
SHAREHOLDERS' FUNDS 7,067,045 7,081,963
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L M Reinders
Director
20 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hempflax International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11820799 . The registered office is C/O Dmh Stallard Llp 6 New Street Square, New Fetter Lane, London, EC4A 3BF.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. 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.
2.3. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2.4. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2024 7,814,947
As at 31 December 2024 7,814,947
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 7,814,947
As at 1 January 2024 7,814,947
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,140
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 748,896 95,609
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 640,395
The company had convertible loan notes of the value of £Nil (2023: £640,395) with 0% interest.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
35,996,090 Ordinary Shares of £ 0.01 each 359,961 359,961
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr E Dronkers .
Page 4