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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIDE INTERNATIONAL HOLDINGS LIMITED
COMPANY INFORMATION
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SIDE INTERNATIONAL HOLDINGS LIMITED
CONTENTS
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SIDE INTERNATIONAL HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their strategic report together with the audited financial statements for the year ended 31 December 2024.
The company operates as a holding company for Pole To Win Holdings, Inc.'s international businesses.
The company incurs group wide costs relating to group activities, while its subsidiaries carry out the core trading activities. The company recorded a loss of £2.2m (2023 – £9.8m) in the year which included an impairment charge on investments held of £0.3m (2023 – £4.3m). Dividend income of £1.9m was received in the year (2023 - £1.6m). Management reviewed the investment portfolio and undertook value in use calculations having considered the subsidiaries prospects and other model variables. Key performance indicators continue to be, the carrying value of investments and recoverability of intercompany debtor balances.
The subsidiaries continue to grow providing outsourcing services specifically to the gaming industry. The company continues to monitor inflationary pressures and any associated risk affecting the industry and wider economy in addition to reviewing macroeconomic risk in the various countries where its subsidiaries operate. While we are subject to the general macro risks of any company providing services to the gaming industry, the specific risks as identified by our senior management are as follows:
i) The gaming industry consists of a variety of large global companies and widely dispersed smaller companies. We are naturally exposed to higher client concentration as we are heavily dependent on a few major clients to sustain our business. Our management continually monitors and actively seeks to mitigate the risk associated. ii) Outsourcing services industry is labour intensive with profitability highly dependent on staffing costs. Our profit margins are subject to our ability to adjust to the macro conditions of the labour marketplace regarding availability of talent pool and our ability to effectively shift any cost increases to our clients. Hiring variable resources and retaining adjustable fixed term contracts on an as-needed basis helps us ensure that we stay ahead in business. iii) The company is constantly exposed to the risk of attracting the right human capital as needed in this line of business. Hence, management is constantly monitoring the labour market to find the right staff which should further mitigate the associated risk. iv) The company is exposed to market factors which must be considered annually for indicators of impairment in investments. Factors taken into account in reaching such a decision include the economic viability and expected future performance of the subsidiaries. v) Post Corona virus, SIDE has explored and implemented the concept of Work from Anywhere, which enables it to hire workers from anywhere in the world. This reduces the operational costs, compliance costs and eliminates the need of capital infusion in case these entities had to set up in the respective countries. vi) Technology-based services is another area of focus, considering the demand for using technology such as AI and Machine Learning which is pushing digitalisation in the gaming industry.
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SIDE INTERNATIONAL HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The company has cash balances available and has no external debt. The company does not trade and so has negligible fixed outgoings and therefore the forecast shows little cash requirements. The entity has considerable inter-company loans covering payables and confirmed that their parent entity will not demand repayment of its loan unless adequate funding is available.
Based on the above, the directors are confident that with the actions and strategies in place, the company will be able to successfully mitigate business threats as they arise.
The entity does not trade and therefore in considering the matters set out in S172 the directors have had regard to the activities of the wider group.
The directors of the company consider, both individually and collectively, that they have acted in the way that would most likely promote the success of the company for the benefit of its members as a whole (having regard to relevant stakeholders and matters set out in section 172(1)(a-f} of the Companies Act 2006) in the decisions taken during the year ended 31 December 2024, and in doing so have regard (amongst other matters) to: a. the likely consequences of any decision in the long term; b. the interests of the company's employees; c. the need to foster the company's business relationships with suppliers, customers and others; d. the impact of the company's operations on the community and the environment; e. the desirability of the company maintaining a reputation for high standards of business conduct; and f. the need to act fairly as between members of the company. The group's mission is to make every gamer's experience as perfect as possible. The directors have identified the main stakeholders as the employees, customers, suppliers, government, regulators and the communities within which the company works and believe that engaging with these stakeholders is key to the success of the company. The company regards its employees as its most valuable asset. The company engaged with employees via training initiatives, interactive games and conducting Town Hall meetings where top management give update on the progress and future plans of the company while also addressing the queries raised by the employees. The company’s customers are critical to its success and it seeks to maintain good relations with them by meeting with them and discussing their needs on a regular basis and providing them with first-class service. The Group values having a strong relationship with its suppliers and seeks to treat them fairly and to pay them promptly. SIDE supports interaction with all its stakeholders by upholding their corporate values which are: QUESTION EVERYTHING Think laterally, come up with creative solutions and innovate. Challenge the status quo and change the norm. BE FEARLESS Take calculated risks, even if it means failing, and then try again. Know your worth and that you have value. WE'RE STRONGER TOGETHER Look out for one another. Empower others to help them grow and be their best self. Communicate with honesty, transparency, and respect. GET IT DONE Once we come up with something brilliant, we like to run as fast as we can to get it done.
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SIDE INTERNATIONAL HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
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SIDE INTERNATIONAL HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
A review of the business and its principal risks and uncertainties is set out in the strategic report on pages 1 to 3 of these financial statements.
The loss for the year, after taxation, amounted to £2.2m (2023 - £9.8m).
There was no dividend paid or proposed (2023 - £NiI).
The directors who served during the year were:
Tamiyoshi Tachibana (resigned 24 October 2025
Teppei Tachibana
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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SIDE INTERNATIONAL HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors have assessed, based on current projections, that the company has adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. This is based on both assessment of future trading and specific support committed by the Company’s ultimate parent company, Pole To Win Holdings, Inc., which is listed on the Tokyo Stock Exchange.
As detailed in the strategic report, the directors have also completed a thorough assessment of the impact of inflationary pressures, including scenario forecasting and stress testing. The directors have assessed that the funds available, the actions and strategies available to them to mitigate the business threats under stress testing and under other scenarios, and the forecasts demonstrated that the company could operate within its available funding. Therefore, as there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, the directors have concluded this does not represent a material uncertainty with regards to going concern. Thus the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
The company will continue to expand its subsidiaries revenues from the existing customer base and further expand its customer base to new markets such as mobile phone games. The company will also seek to expand its services into new technology areas such as virtual reality and augmented reality gaming. Management will focus on improvement of margin by seeking efficiencies.
Credit risk
Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. Credit risk also arises from cash and cash equivalents and deposits with banks and financial institutions. For banks and financial institutions, only independently rated parties with an acceptable rating are accepted. Foreign exchange risk Foreign exchange risk arises when individual company enters into transactions denominated in a currency other than their functional currency. The group's policy is to monitor the company's exposure within the context of the wider group on a regular basis. No hedging products are deemed necessary.
The company places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the performance of the company. This is achieved through discussion in formal and informal meetings, and information cascaded through a range of media including email and notice boards.
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SIDE INTERNATIONAL HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The success of the business is dependent on the support of all our stakeholders. Building positive relationships with stakeholders that share our values is important to us. Working together towards shared goals assists us in delivering long-term sustainable success.
The leadership team of the business make decisions with a long-term view in mind and with the highest standards of conduct in line with Group policies. In order to fulfil their duties, the directors take care to have regard to the likely consequences on all stakeholders of the decisions and actions which they take. Where possible, decisions are carefully discussed with affected groups and are therefore fully understood and supported when taken.
We continue to seek to diversify and identify potential revenue sources. We value all our suppliers and it is our duty to act in a responsible manner towards them.
The auditors, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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SIDE INTERNATIONAL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIDE INTERNATIONAL HOLDINGS LIMITED
We have audited the financial statements of Side International Holdings Limited (the 'company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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SIDE INTERNATIONAL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIDE INTERNATIONAL HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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SIDE INTERNATIONAL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIDE INTERNATIONAL HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙enquiry of management, those charged with governance around actual and potential litigation and claims;
∙performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙reviewing minutes of meetings of those charged with governance;
∙reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and
∙maintaining professional scepticism throughout the course of our audit work.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Reigate
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
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SIDE INTERNATIONAL HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIDE INTERNATIONAL HOLDINGS LIMITED
REGISTERED NUMBER: 09936152
BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 29 form part of these financial statements.
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SIDE INTERNATIONAL HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Side International Holdings Limited is a private company limited by shares and incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the company information page and the nature of the company's operations and its principal activity are set out in the directors' report.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).
The presentational and functional currency of these financial statements is GBP. Values are rounded to the nearest £1.
The following principal accounting policies have been applied:
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23; and
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Pole To Win Holdings, Inc. as at 31 January 2025 and these financial statements may be obtained from the company's website.
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 a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The directors have assessed, based on current projections, that the company has adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. This is based on both an assessment of future trading and specific support committed by the company's ultimate parent company, Pole to Win Holdings, Inc., which is listed on the Tokyo Stock Exchange.
As detailed in the strategic report, the directors have also completed a thorough assessment of the impact of inflationary pressures, including scenario forecasting and stress testing. The directors have assessed that the funds available, the actions and strategies available to them to mitigate the business threats under stress testing and under other scenarios, and the forecasts demonstrated that the company could operate within its available funding. Therefore, as there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, the directors have concluded this does not represent a material uncertainty with regards to going concern. Thus the financial statements have been prepared on a going concem basis which presumes the realisation of assets and liabilities in the normal course of business.
Functional and presentation currency
Transactions and balances
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Associates and joint ventures are held at cost less impairment.
Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impaiment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGI's). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
In preparing these financial statements the directors have made the following judgements:
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
At the year end, the company had unused taxable losses carried forward of £231,238 (2023: £Nil).
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 22
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 23
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 24
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Subsidiary undertakings (continued)
Page 25
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Subsidiary undertakings (continued)
Page 26
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.Debtors (continued)
Page 27
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.Deferred taxation (continued)
Page 28
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SIDE INTERNATIONAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company is a wholly owned subsidiary of Pole To Win Holdings, Inc. which is the ultimate parent company incorporated in Japan.
The largest and smallest group in which the results of the company are consolidated, is that headed by Pole to Win Holdings, Inc., incorporated in Japan. The consolidated financial statements for the ultimate parent company are available to the public and may be obtained from the parent company headquarters.
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