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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditors' report to the members of
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6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Notes to the financial statements |
13 |
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Strategic Report |
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Director |
Registered office: |
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England |
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Directors' Report |
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Director |
Registered office: |
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England |
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Independent Auditors' Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & Statutory Auditors |
Watford |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£000 |
£000 |
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Turnover |
5 |
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Cost of sales |
(
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(
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-------- |
-------- |
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Gross profit |
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Administrative expenses |
(
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(
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------- |
------- |
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Operating profit |
6 |
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Interest receivable and similar income |
10 |
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Amounts written off investments |
– |
(
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Interest payable and similar expenses |
11 |
(
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(
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------- |
------- |
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Profit before taxation |
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Tax on profit |
12 |
(
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(
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------- |
---- |
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Profit for the financial year and total comprehensive income |
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------- |
---- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£000 |
£000 |
£000 |
Intangible assets |
13 |
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– |
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Tangible assets |
14 |
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Investments |
15 |
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------- |
------- |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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------- |
------- |
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Creditors: amounts falling due within one year |
18 |
(
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(
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------- |
------- |
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Net current assets |
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------- |
------- |
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Total assets less current liabilities |
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Provisions for liabilities |
19 |
(
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– |
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------- |
------- |
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Net assets |
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------- |
------- |
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Called up share capital |
22 |
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Share premium account |
23 |
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Merger reserve |
23 |
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Capital contribution reserve |
23 |
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Profit and loss account |
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------- |
------- |
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Total shareholders' funds |
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------- |
------- |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Merger reserve |
Capital contribution reserve |
Profit and loss account |
Total |
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£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
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At 1 October 2022 |
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Profit for the year |
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---- |
------- |
------- |
------- |
---- |
------- |
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Total comprehensive income for the year |
– |
– |
– |
– |
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At 30 September 2023 |
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Profit for the year |
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---- |
------- |
------- |
------- |
---- |
------- |
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Total comprehensive income for the year |
– |
– |
– |
– |
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---- |
------- |
------- |
------- |
------- |
------- |
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At 30 September 2024 |
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---- |
------- |
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------- |
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Notes to the Financial Statements |
Leasehold improvements | - |
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Plant and machinery | - |
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Fixtures and fittings | - | 5 to 10 years straight line | |
2024 |
2023 |
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£000 |
£000 |
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Sale of goods |
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-------- |
-------- |
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2024 |
2023 |
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£000 |
£000 |
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Amortisation of intangible assets |
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– |
Depreciation of tangible assets |
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Foreign exchange differences |
(
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Operating lease rentals in cost of sales |
576 |
614
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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Fees payable for the audit of the financial statements |
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---- |
---- |
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Audit of the financial statements of subsidiaries |
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---- |
---- |
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2024 |
2023 |
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No. |
No. |
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Production staff |
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------- |
------- |
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------- |
------- |
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2024 |
2023 |
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£000 |
£000 |
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Other interest receivable and similar income |
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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Interest due to group undertakings |
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Other interest payable and similar charges |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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UK current tax expense |
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Adjustments in respect of prior periods |
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– |
---- |
---- |
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Total current tax |
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---- |
---- |
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Origination and reversal of timing differences |
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---- |
---- |
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Tax on profit |
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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Profit on ordinary activities before taxation |
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------- |
---- |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
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– |
Effect of expenses not deductible for tax purposes |
– |
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Effect of capital allowances and depreciation |
(
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Other timing differences |
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------- |
---- |
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Tax on profit |
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------- |
---- |
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Software |
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£000 |
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Cost |
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Additions |
– |
Transfers |
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---- |
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At 30 September 2024 |
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---- |
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Amortisation |
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Charge for the year |
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---- |
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At 30 September 2024 |
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---- |
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Carrying amount |
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At 30 September 2024 |
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---- |
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At 30 September 2023 |
– |
---- |
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Leasehold Improvements |
Plant and machinery |
Fixtures and fittings |
Construction in progress |
Total |
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£000 |
£000 |
£000 |
£000 |
£000 |
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Cost |
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At 1 October 2023 |
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Additions |
– |
– |
– |
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Disposals |
– |
(
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– |
– |
(
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Transfers |
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– |
(
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(
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---- |
------- |
---- |
------- |
------- |
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At 30 September 2024 |
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---- |
------- |
---- |
------- |
------- |
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Depreciation |
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At 1 October 2023 |
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– |
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Charge for the year |
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– |
– |
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Disposals |
– |
(
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– |
– |
(
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---- |
------- |
---- |
------- |
------- |
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At 30 September 2024 |
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– |
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---- |
------- |
---- |
------- |
------- |
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Carrying amount |
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At 30 September 2024 |
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– |
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---- |
------- |
---- |
------- |
------- |
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At 30 September 2023 |
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– |
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---- |
------- |
---- |
------- |
------- |
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Shares in group undertakings |
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£000 |
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Cost |
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At 1 October 2023 and 30 September 2024 |
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---- |
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Impairment |
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At 1 October 2023 and 30 September 2024 |
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---- |
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Carrying amount |
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At 30 September 2024 |
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---- |
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At 30 September 2023 |
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---- |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Sword House, Totteridge Road |
Ordinary |
100 |
High Wycombe |
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HP13 6DG |
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Bird & Bird, 1 Queens Road East |
Ordinary |
100 |
Hong Kong |
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Siguion Reyna Montecillo & Ongisako Attorneys and Consellors-At-Law |
Ordinary |
100 |
Citibank Center |
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8741 Passo de Roxas |
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Makati City 1226 |
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Philippines |
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2024 |
2023 |
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£000 |
£000 |
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Raw materials and consumables |
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Work in progress |
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Finished goods and goods for resale |
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------- |
------- |
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------- |
------- |
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2024 |
2023 |
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£000 |
£000 |
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Amounts owed by group undertakings |
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Deferred tax asset |
– |
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Prepayments and accrued income |
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Other debtors |
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------- |
------- |
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------- |
------- |
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2024 |
2023 |
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£000 |
£000 |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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------- |
------- |
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------- |
------- |
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Deferred tax (note 20) |
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£000 |
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At 1 October 2023 |
– |
Additions |
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Transferred from assets |
(
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---- |
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At 30 September 2024 |
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---- |
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2024 |
2023 |
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£000 |
£000 |
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Included in debtors (note 17) |
– |
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Included in provisions for liabilities (note 19) |
(
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– |
---- |
---- |
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(
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---- |
---- |
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2024 |
2023 |
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£000 |
£000 |
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Accelerated capital allowances |
(
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(
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Provisions for liabilities |
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Pension plan obligations |
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---- |
---- |
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(60) |
23 |
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---- |
---- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,001 |
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1,001 |
--------- |
------- |
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2024 | 2023 | ||
£000 | £000 | ||
At 1 October and 30 September | 1,359 | 1,359 | |
2024 | 2023 | |
£000 | £000 | |
At 1 October and 30 September | 1,513 | 1,513 |
2024 | 2023 | |
£000 | £000 | |
At 1 October and 30 September | 1,748 | 1,748 |
2024 |
2023 |
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£000 |
£000 |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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Later than 5 years |
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------- |
------- |
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------- |
------- |
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