Davix Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04782846 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Davix Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F A Gordon

Grosvenor Administration Limited

SECRETARY:

Grosvenor Secretaries Limited

REGISTERED OFFICE:

4th Floor,

Clerks' Well House

20 Britton Street

London

EC1M 5UA

REGISTERED NUMBER:

04782846 (England and Wales)

FIXED ASSETS

Investments

4

9,294,759

CURRENT ASSETS

Debtors

5

253

Cash at bank

500

753

CREDITORS

Amounts falling due within one year

6

9,258,357

9,266,612

NET CURRENT LIABILITIES

(9,257,604

)

(9,265,859

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,155

28,900

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

37,152

28,897

SHAREHOLDERS' FUNDS

37,155

28,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 March 2018 and were
signed on its behalf by:

Mrs F A Gordon - Director

1.	STATUTORY INFORMATION

Davix Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Davix Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	FIXED ASSET INVESTMENTS

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

$

Other debtors

253

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

$

Taxation and social security

2,032

4,140

Other creditors

9,256,325

9,262,472

9,258,357

9,266,612

7.	RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are shareholders' loans amounted to

$9,246,829 (2016: $9,252,976). That amount is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Machold Holding S.A., incorporated in Luxembourg.

Davix Limited - Accounts to registrar (filleted) - small 17.3

Davix Limited - Accounts to registrar (filleted) - small 17.3