REGISTERED NUMBER: 01124810 (England and Wales)

Financial Statements for the Year Ended 30 December 2024

for

Kendrion (UK) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

748,032

784,154

Cash at bank

4,209

10,461

752,241

794,615

CREDITORS

Amounts falling due within one year

5

4,275

4,000

NET CURRENT ASSETS

747,966

790,615

TOTAL ASSETS LESS CURRENT LIABILITIES

747,966

790,615

CAPITAL AND RESERVES

Called up share capital

240,000

240,000

Retained earnings

507,966

550,615

747,966

790,615

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:

L Knoke - Director

1.	STATUTORY INFORMATION

Kendrion (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01124810

Registered office:

4 Wharfe Mews

Cliffe Terrace

Wetherby

West Yorkshire

LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Going concern

The company ceased to trade on 30 September 2021. The balance sheet shows that assets exceed liabilities by £747,966. All assets have been reviewed for impairment and all potential liabilities have been considered. Therefore the financial statements have been drawn up assuming a going concern.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Amounts owed by group undertakings

262,756

276,314

Tax

482,054

505,572

VAT

3,222

2,268

748,032

784,154

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Accruals and deferred income

4,275

4,000

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alexandra Hazlerigg ACA (Senior Statutory Auditor)

for and on behalf of Xeinadin Humber Limted

7.	CONTINGENT ASSET

The company, together with two German group companies, has been the subject of a transfer pricing enquiry by the tax authorities since 2020. This has been done by means of a Mutual Agreement Procedure (MAP) with the relevant tax authorities.

The period from 2010-2014 was agreed in April 2023 and the company will receive a tax refund of £505,572 in respect of this period. A total of £498,979 has been received after the year end. This amount is included in debtors.

The period from 2015-2021 is still under enquiry and any potential refund for this period cannot yet be quantified.

8.	PARENT COMPANY

The parent company of Kendrion (UK) Limited is Kendrion Holding Germany GmbH, a company incorporated and registered in Germany.