Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-277The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity5truetrue 13721522 2024-01-01 2024-12-31 13721522 2023-01-01 2023-12-31 13721522 2024-12-31 13721522 2023-12-31 13721522 c:CompanySecretary1 2024-01-01 2024-12-31 13721522 c:Director1 2024-01-01 2024-12-31 13721522 c:Director2 2024-01-01 2024-12-31 13721522 c:RegisteredOffice 2024-01-01 2024-12-31 13721522 d:CurrentFinancialInstruments 2024-12-31 13721522 d:CurrentFinancialInstruments 2023-12-31 13721522 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13721522 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13721522 d:ShareCapital 2024-12-31 13721522 d:ShareCapital 2023-12-31 13721522 d:RetainedEarningsAccumulatedLosses 2024-12-31 13721522 d:RetainedEarningsAccumulatedLosses 2023-12-31 13721522 c:FRS102 2024-01-01 2024-12-31 13721522 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13721522 c:FullAccounts 2024-01-01 2024-12-31 13721522 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 13721522









FEXILLON UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FEXILLON UK LTD
 
 
COMPANY INFORMATION


Directors
George Edward Harold 
Integrated Facilities Solutions Limited 




Company secretary
Integrated Facilities Solution Limited



Registered number
13721522



Registered office
3rd Floor, Waverley House
7-12 Noel Street

London

United Kingdom

W1F 8GQ




Accountants
Ecovis Wingrave Yeats UK Limited

3rd Floor, Waverley House

7-12 Noel Street

London

United Kingdom

W1F 8GQ





 
FEXILLON UK LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
FEXILLON UK LTD
REGISTERED NUMBER: 13721522

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
371,832
250,830

Bank and cash balances
  
7,540
9,472

  
379,372
260,302

Creditors: amounts falling due within one year
 5 
(1,442,847)
(762,744)

Net current liabilities
  
 
 
(1,063,475)
 
 
(502,442)

Total assets less current liabilities
  
(1,063,475)
(502,442)

  

Net liabilities
  
(1,063,475)
(502,442)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,063,575)
(502,542)

  
(1,063,475)
(502,442)


Page 1

 
FEXILLON UK LTD
REGISTERED NUMBER: 13721522
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordate with the provisions of FRS 102 Section 1A - small entities. 

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




George Edward Harold
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FEXILLON UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Fexillon UK Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England & Wales, registration number 13721522. The registered office is 3rd Floor, Waverley House, 7-12 Noel Street, London, United Kindgom, W1F 8GQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the immediate parent undertaking has agreed to provide such financial support as may be necessary in order to enable the company to meet its financial obligations as they fall due in the foreseeable future. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FEXILLON UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Finance costs

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.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
FEXILLON UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 5).


4.


Debtors

As restated
2024
2023
£
£


Trade debtors
18,787
39,920

Other debtors
49,068
14,214

Called up share capital not paid
100
100

Prepayments
25,280
19,375

Tax recoverable
278,597
177,221

371,832
250,830



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
115,575
32,945

Amounts owed to group undertakings
1,260,430
634,478

Other taxation and social security
61,992
90,696

Accruals
4,850
4,625

1,442,847
762,744



6.


Related party transactions

During the year £625,927(2023 - £326,628) was loaned to Fexillon UK Limited from it's parent entity. At the balance sheet date Fexillon UK Limited owe £1,258,834 (2023 - £632,907) to their parent entity. They
also owe £1,596 (2023 - £1,571) to a group company. The movement during the year is due to exchange rate revaluation.  All amounts above are unsecured, interest-free and payable on demand.

Page 5

 
FEXILLON UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Prior year adjustment

A prior year adjustment has been made in respect of the tax recoverable amount which had not previously been recognised for the year ended 31 December 2023. 
The tax recoverable balance previously reported for the year ended 31 December 2023 was £200,808. Following the adjustment to the 2023 R&D claim, the tax recoverable balance has been reduced by £23,587. As a result, the restated tax recoverable balance for the year ended 31 December 2023 is £177,221.
The change has also resulted in an increase in the net loss for the year ended 31 December 2023 by £23,587.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,608 (2023 - £4,201). Contributions totalling £2,104 (2023 - £770) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6