| Interworks Europe Group Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Exemption from preparing consolidated financial statements |
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The company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Financial Instruments |
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The company only enters into basic financial instrument transactions that result in the recognistion of financial assets and liabilities like trade and other debtors, creditors and investments in ordinary shares. |
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Dividends |
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Equity dividends are payable when they become legally payable. Interim equity dividends are recognised when approved by the shareholders at an annual general meeting. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Michael R King |
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Firm: |
Stewart & Co LLP |
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Date of audit report: |
18 September 2025 |
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| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
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| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2024 |
21,348 |
|
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At 31 December 2024 |
21,348 |
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The following were subsidiary undertakings of the company: |
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Registered Office |
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|
Class of shares |
|
Holding |
|
Interworks Netherlands B.V |
Stationsplein 8-K |
|
Ordinary |
|
100% |
|
|
6221BT Maastricht |
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Netherlands |
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Interworks GmbH |
Breite Strasse 27 |
|
Ordinary |
|
100% |
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|
40213 Dusseldorf |
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Germany |
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Interworks Europe Limited |
Unit 1 |
|
|
|
Ordinary |
|
100% |
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|
Christchurch Business Park |
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|
Radar Way |
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|
Christchurch |
|
|
BH23 4FL |
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,000 |
|
1,000 |
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| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
21,248 |
|
21,248 |
|
Other creditors |
100 |
|
100 |
|
|
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|
|
|
21,348 |
|
21,348 |
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| 8 |
Share capital |
2024 |
|
2023 |
| £ |
£ |
|
|
Allotted, Called Up and Fully Paid |
|
10,000 ordinary shares of £0.10 each |
1,000 |
|
1,000 |
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|
|
|
|
|
|
1,000 |
|
1,000 |
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| 9 |
Related party transactions |
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The company has taken the exemption under FRS 102 section 33 Related Party Disclosures paragraph 33 1A whereby the company is not required to disclose transactions with other wholly owned group undertakings. |
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| 10 |
Controlling party |
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The immediate and ultimate parent undertaking at 31 December 2024 was Interworks EMEA Limited Limited by virtue of its 100% shareholding in the company. The address of its registered office is Unit 1, Christchurch Business Park, Radar Way, Christchurch, Dorset, BH23 4FL. The smallest group to draw up consolidated financial statements is Interworks EMEA Limited. The ultimate controlling party is Behfar Jahanshahi. |
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| 11 |
Other information |
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Interworks Europe Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 1 Christchurch Business Park |
|
Radar Way |
|
Christchurch |
|
Dorset |
|
BH23 4FL |