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Registered number: 11635496
ION VENTURES HOLDINGS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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ION VENTURES HOLDINGS LTD
REGISTERED NUMBER: 11635496
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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ION VENTURES HOLDINGS LTD
REGISTERED NUMBER: 11635496
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 accordance 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 income and retained earnings 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 by:
The notes on pages 3 to 7 form part of these financial statements.
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ION VENTURES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ion Ventures Holdings Ltd is a private company, limited by sahres, domiciled in England and Wales, registered number 11635496. The registered office address is 2 Station Road West, Oxted, RH8 9EP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Interest income is recognised in profit or loss using the effective interest method.
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.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
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ION VENTURES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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Cash and cash equivalents
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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.
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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
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The Company has no employees and the Directors did not receive any remuneration (2023 - £0).
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Investments in subsidiary companies
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ION VENTURES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Share capital treated as debt
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Issuance costs re share capital treated as debt
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ION VENTURES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Shares classified as equity
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Allotted, called up and fully paid
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0 (2023 - 28,800) A Ordinary shares of £0.01 each
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0 (2023 - 28,800) B Ordinary shares of £0.01 each
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0 (2023 - 26,250) C Ordinary shares of £0.01 each
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0 (2023 - 16,150) D Ordinary shares of £0.01 each
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0 (2023 - 25,500) E Ordinary shares of £0.01 each
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162,830 (2023 - 0) Ordinary shares of £0.01 each
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Shares classified as debt
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Allotted, called up and partly paid
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5,000,000 (2023 - ) Preference shares of £1.00 each
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At 24 January 2024 a convertible loan of £575,000 was converted to 10,458 D Ordinary shares
At 22 August 2024 the A, B, C, D and E Ordinary shares were redeignated to Ordinary shares.
At 22 August 2024 26,872 Ordinary share were issued.
At 22 August 2024 5,000,000 Preference shares of £1 were issued.
For Ordinary shareholders on a show of hands each member shall have one vote and on a poll each member shall have one vote for each Ordinary share held. The Ordinary shares only have rights to dividends after all Preference share dividends and other specified liabilities have been paid. Each Ordinary share ranks equally for any distribution made on a winding up.
The Preference shareholders have no voting rights, other than on class resolutions. The Preference shares attract dividends of 5% per annum of the par value, payable on a quarterly basis. The Preference shares are to be redeemed on or before 22 August 2029.
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ION VENTURES HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Related party transactions
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The Company has taken advantage of the exemption in FRS 102 Section 33.1 to not disclose transactions with wholly owned group entities.
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Post balance sheet events
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On 22 May 2025, the Company issued 10,015 Ordinary shares, and 1,500,000 Preference shares.
On 18 June 2025, the Company issued 28,373 Ordinary shares, and 3,500,000 Preference shares.
The Company has no ultimate controlling party.
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