ACCOUNTS - Final Accounts

Share capital

TEX HOLDINGS INTERNATIONAL LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-31truetruetruetrue2020-01-01falsetruetruetrue00true 00798028 2019-12-31 00798028 2020-01-01 2021-03-31 00798028 2019-01-01 2019-12-31 00798028 2021-03-31 00798028 1 2020-01-01 2021-03-31 00798028 d:CompanySecretary1 2020-01-01 2021-03-31 00798028 d:Director1 2020-01-01 2021-03-31 00798028 d:Director2 2020-01-01 2021-03-31 00798028 d:Director3 2020-01-01 2021-03-31 00798028 d:Director4 2020-01-01 2021-03-31 00798028 d:Director5 2020-01-01 2021-03-31 00798028 d:Director6 2020-01-01 2021-03-31 00798028 d:Director6 2021-03-31 00798028 d:Director7 2020-01-01 2021-03-31 00798028 d:Director7 2021-03-31 00798028 d:Director8 2020-01-01 2021-03-31 00798028 d:Director8 2021-03-31 00798028 d:RegisteredOffice 2020-01-01 2021-03-31 00798028 d:Agent1 2020-01-01 2021-03-31 00798028 c:CurrentFinancialInstruments 2021-03-31 00798028 c:CurrentFinancialInstruments 2019-12-31 00798028 d:OrdinaryShareClass1 2020-01-01 2021-03-31 00798028 d:OrdinaryShareClass1 2021-03-31 00798028 d:OrdinaryShareClass1 2019-12-31 00798028 d:EntityHasNeverTraded 2020-01-01 2021-03-31 00798028 d:FRS102 2020-01-01 2021-03-31 00798028 d:AuditExempt-NoAccountantsReport 2020-01-01 2021-03-31 00798028 d:FullAccounts 2020-01-01 2021-03-31 00798028 d:PrivateLimitedCompanyLtd 2020-01-01 2021-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00798028

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

COMPANY INFORMATION

Directors	G P Chadwick
	S Codd
	J J Davies
	J Durrant
	R J Melton
	I C Ross (appointed 1 September 2020)
	C A Parker (resigned 31 August 2020)
	D J Ogden (resigned 14 August 2020)


Company secretary	I C Ross


Registered number	00798028


Registered office	Claydon Business Park
	Gipping Road
	Great Blakenham
	Ipswich
	Suffolk
	IP6 0NL


Bankers	NatWest Bank Plc
	Amsterdam Place
	Amsterdam Way
	Norwich
	Norfolk
	NR6 6JA

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

CONTENTS

	Page
Directors' report	1
Directors' responsibilities statement in respect of the Directors' report and financial statements	2
Profit and loss account	3
Balance sheet	4
Notes to the financial statements	5 - 7

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 MARCH 2021

The directors present their report and the financial statements for the period ended 31 March 2021.

Principal activity

The company did not trade during the year.

Directors

The directors who served during the period were:

G P Chadwick

S Codd

J J Davies

J Durrant

R J Melton

I C Ross (appointed 1 September 2020)

C A Parker (resigned 31 August 2020)

D J Ogden (resigned 14 August 2020)

During the year there has been no contract of significance in relation to the company’s business in which any director’s interest was material.
Certain directors benefited from qualifying third-party indemnity provisions in place during the year and at the date of this report.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 30 January 2022 and signed on its behalf.

I C Ross

Director

Page 1

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE PERIOD ENDED 31 MARCH 2021

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

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 judgements 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;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

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 are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' reports may differ from legislation in other jurisdictions.

The directors confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the company’s auditors are unaware. They have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 2

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2021

The Company has not traded during the period or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

The notes on pages 5 to 7 form part of these financial statements.

Page 3

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

REGISTERED NUMBER: 00798028

BALANCE SHEET

AS AT 31 MARCH 2021

	31 March	31 December
	2021	2019
Note	£	£



Current assets
Debtors: amounts falling due within one year	3	9,887		9,887
		9,887		9,887
Total assets less current liabilities			9,887		9,887



Net assets excluding pension asset			9,887		9,887
Net assets			9,887		9,887

Capital and reserves
Called up share capital	4	3,666	3,666
Profit and loss account		6,221	6,221
		9,887	9,887

For the period ended 31 March 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period 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 were approved and authorised for issue by the board and were signed on its behalf on 30 January 2022.

I C Ross

Director

Page 4

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

1.	General information

Tex Holdings International Limited (formerly Tex Group Limited) is a private limited company incorporated in England. The registered office is Claydon Business Park, Gipping Road, Great Blakenham, Ipswich, Suffolk, IP6 0NL.
The Company's functional and presentational currency in GBP.
The rounding for this set of financial statements is set at £1.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of 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 judgement in applying the Company's accounting policies.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Tex Group Limited (formerly Tex Holdings plc) as at 31 March 2021 and these financial statements may be obtained from Companies House.

Page 5

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

2.Accounting policies (continued)

2.3

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:
The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds to meet its liabilities as they fall due for that period.
Those forecasts are dependent on Tex Group Limited (formerly Tex Holdings plc) providing additional financial support during that period. Tex Group Limited (formerly Tex Holdings plc) has indicated its intention to continue to make available such funds as are needed by the company, for the period covered by the forecasts.

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.5

Intra-group financial instruments

Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company considers these to be insurance arrangements and accounts for them as such. In this respect, the company treats the guarantee contract as a contingent liability until such time as it becomes probable that the company will be required to make payment under the guarantee.

Debtors

					31 March	31 December
					2021	2019
					£	£


Amounts owed by group undertakings	9,887	9,887
	9,887	9,887

Page 6

TEX HOLDINGS INTERNATIONAL LIMITED (FORMERLY TEX GROUP LTD)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

Authorised, allotted, called up and fully paid

3,666 (2019 - 3,666) Ordinary shares of £1.00 each	3,666	3,666

5.	Post balance sheet events

On 16 September 2021 the group entered into a new overdraft facility with its bank. As part of the new agreement the Tex Group Limited (formerly Tex Holdings plc), which includes Tex Holdings International Limited (formerly Tex Group Limited), will have a facility of £5,000,000. The Company has given an unlimited guarantee in relation to this facility.

6.	Controlling party

The company is a subsidiary undertaking of Tex Group Limited (formerly Tex Holdings plc) incorporated in England and Wales. Tex Group Limited (formerly Tex Holdings plc) is also the controlling party.
The ultimate controlling party is the Edward Brocas Burrows 2001 settlement trust.
The largest and smallest group in which the results of the company are consolidated is that headed by Tex Group Limited (formerly Tex Holdings plc). No other group financial statements include the results of the company. The consolidated financial statements of these groups are available to the public and may be obtained from Claydon Business Park, Gipping Road, Great Blakenham, Ipswich, Suffolk, IP6 0NL.

Page 7