REGISTERED NUMBER: 13928433 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2024 TO 31 DECEMBER 2024

FOR

NFS INTERNATIONAL HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Ahlowalia

Mr S J Mitchell

REGISTERED OFFICE:

400 Capability Green

Luton

Bedfordshire

LU1 3LU

REGISTERED NUMBER:

13928433 (England and Wales)

AUDITORS:

FKCA Limited

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Investments

4

5,983

27,483

CURRENT ASSETS

Cash at bank and in hand

25,950

25,950

CREDITORS

Amounts falling due within one year

5

-

7,171

NET CURRENT ASSETS

25,950

18,779

TOTAL ASSETS LESS CURRENT LIABILITIES

31,933

46,262

CAPITAL AND RESERVES

Called up share capital

6

27,599

22,800

Retained earnings

4,334

23,462

SHAREHOLDERS' FUNDS

31,933

46,262

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr S J Mitchell - Director

1.	STATUTORY INFORMATION

NFS International Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Accounting Reference Period

These comparative period covers the period from 1 March 2023 to 31 December 2023, which is a period of 10 months. The company changed its accounting reference date from 28 February 2024 to 31 December 2023 in order to align its year end with that of the NFS group companies.

As a result, the comparative period is shorter than 12 months, and therefore the amounts presented in the statement of comprehensive income and related notes are not entirely comparable with the current year figures.

Preparation of consolidated financial statements

The financial statements contain information about NFS International Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Financial instruments

The Company’s financial instruments comprise cash, trade and other receivables, and trade and other payables.

Financial Assets:

Cash and receivables are initially recognised at the transaction price and subsequently measured at amortised cost less any provision for impairment.

Financial Liabilities:

Trade payables and borrowings are initially recognised at the transaction price and subsequently measured at amortised cost. Interest on borrowings is recognised in profit or loss as it accrues.

Impairment:

Financial assets are reviewed at each reporting date for objective evidence of impairment. Any impairment losses are recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Fixed asset investments

Fixed asset investments (including investments in subsidiaries) are classified as financial assets and are initially measured at cost. Where fair value cannot be reliably measured, the investments are carried at cost less impairment. The company assesses at each reporting date whether there is objective evidence that an investment is impaired.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

26,500

Additions

5,782

Disposals

(26,299

)

At 31 December 2024

5,983

NET BOOK VALUE

At 31 December 2024

5,983

At 31 August 2024

26,500

During the year, a subsidiary company was transferred from another group company, for book value of £4,783, as part of a group restructure.

During the year, a subsidiary company was transferred to another group company by way of a dividend in specie, for book value of £21,500, as part of a group restructure.

During the year, a subsidiary company, with a book value of £3,800, was transferred to the previous director for nil value.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

-

1

Related party

-

6,000

Accrued expenses

-

1,170

-

7,171

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2024

value:

£

£

999

Ordinary

£1

27,599

22,800

999 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

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

The Report of the Auditors was unqualified.

Tara Aldwin ACA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

8.	SECURED DEBTS

Security is provided to Canadian Imperial Bank of Commerce in respect of a group facility by way of a debenture grant which included fixed and floating charges which cover all the property of undertaking of the company and a negative pledge.

9.	RELATED PARTY DISCLOSURES

During the year an intercompany balance was written off totalling, £6,000 which was due to a company with common key management for part of the year.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is RMG EMEA Holdings Limited, a company incorporated in the UK.

The company's ultimate parent and controlling party is Korbyt Holdco LLC, a company incorporated in the USA with a registered address 15301 Dallas Parkway, Addison, Texas, 75001, USA. This the largest and smallest group for which consolidated accounts are prepared.