Dexam International (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00857662 (England and Wales)

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

DEXAM INTERNATIONAL (HOLDINGS) LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

R T Morgan-Grenville

SECRETARY:

B Dyer

REGISTERED OFFICE:

Holmbush Way

Midhurst

West Sussex

GU29 9EQ

REGISTERED NUMBER:

00857662 (England and Wales)

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

The director presents his report with the financial statements of the company for the year ended 31 December 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holdings company.

DIRECTORS

R T Morgan-Grenville has held office during the whole of the period from 1 January 2017 to the date of this report.

Other changes in directors holding office are as follows:

N J Clark FCA - resigned 19 September 2017

A E Gardner - resigned 19 September 2017

R H Morgan-Grenville - resigned 19 September 2017

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not

approve the financial statements unless he is 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 director is

required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The director is 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

enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a

director in order to make himself aware of any relevant audit information and to establish that the company's auditors

are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R T Morgan-Grenville - Director

28 September 2018

FIXED ASSETS

Investments

4

200,000

200,000

CREDITORS

Amounts falling due within one year

5

378,524

362,614

NET CURRENT LIABILITIES

(378,524

)

(362,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(178,524

)

(162,614

)

CAPITAL AND RESERVES

Called up share capital

642,033

642,033

Share premium

459,648

459,648

Retained earnings

(1,280,205

)

(1,264,295

)

SHAREHOLDERS' FUNDS

(178,524

)

(162,614

)

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 director on 28 September 2018 and were signed by:

R T Morgan-Grenville - Director

1.	STATUTORY INFORMATION

Dexam International (Holdings) 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.

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.

Going concern

The director is aware of the company's negative reserves but is of the opinion that the company has adequate

working capital to meet its financial commitments for at least 12 months from the date of this report, by way if

continued support from its trading subsidiary company, Dexam International Limited. The director has reviewed

the year-to-date and forecast financials of Dexam International Limited and is of the opinion that the subsidiary

company, itself, has adequate resources to continue its support of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 5 ).

4.	FIXED ASSET INVESTMENTS

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

91,686

61,323

Taxation and social security

42,697

41,073

Other creditors

244,141

260,218

378,524

362,614

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

The Report of the Auditors was unqualified.

P R Collins (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

The company has loans outstanding at the year end from the following related parties, which are unsecured, and

interest accrues at the rate of 3% above bank base rate:

Individual

Owed at 01/01/17

Owed at 31/12/17

Interest paid

Relationship

J Wotton

£41,869

£21,869

£854

Shareholder

D Martin-Jenkins

£900

£900

£35

Related to shareholder

A Martin-Jenkins

£75,500

£75,500

£2,947

Shareholder

M Clark

£5,438

£5,438

£212

Related to shareholder

M Morgan-Grenville

£40,000

£40,000

£1,561

Related to shareholder

A Dyer

£19,765

£9,765

£381

Related to director

C Morgan-Grenville

£55,446

£55,446

£2,164

Related to shareholder

R Morgan-Grenville

£10,000

£10,000

£390

Shareholder

8.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors, H J P Stewart and R T Morgan-Grenville.