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REGISTERED NUMBER: 13722572 (England and Wales)















Financial Statements

for the Period 3 November 2021 to 31 December 2022

for

Standard Industries UK Ltd

Standard Industries UK Ltd (Registered number: 13722572)






Contents of the Financial Statements
for the Period 3 November 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Standard Industries UK Ltd

Company Information
for the Period 3 November 2021 to 31 December 2022







DIRECTORS: Ms E S Hioe
J I Pollack
J Maitner





REGISTERED OFFICE: Pinewood Business Park Coleshill Road
Marston Green
Birmingham
B37 7HG





REGISTERED NUMBER: 13722572 (England and Wales)





AUDITORS: Mark Arber Limited
Chartered Certified Accountants
& Statutory Auditors
71-75 Shelton Street
London
WC2H 9JQ

Standard Industries UK Ltd (Registered number: 13722572)

Balance Sheet
31 December 2022

Notes £   
FIXED ASSETS
Tangible assets 4 1,642,500

CURRENT ASSETS
Debtors 5 446,176
Cash at bank 777,752
1,223,928
CREDITORS
Amounts falling due within one year 6 (2,079,535 )
NET CURRENT LIABILITIES (855,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,893

CAPITAL AND RESERVES
Called up share capital 8 1
Share premium 785,440
Retained earnings 1,452
SHAREHOLDERS' FUNDS 786,893

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 2 November 2023 and were signed on its behalf by:





J Maitner - Director


Standard Industries UK Ltd (Registered number: 13722572)

Notes to the Financial Statements
for the Period 3 November 2021 to 31 December 2022

1. STATUTORY INFORMATION

Standard Industries UK 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.

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.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Standard Industries UK Ltd (Registered number: 13722572)

Notes to the Financial Statements - continued
for the Period 3 November 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a present obligation as a result of a past event for which it is probable that there will be an outflow of economic benefits that can be reasonably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
Additions 1,405,180 175,243 162,726 1,743,149
At 31 December 2022 1,405,180 175,243 162,726 1,743,149
DEPRECIATION
Charge for period 81,724 9,975 8,950 100,649
At 31 December 2022 81,724 9,975 8,950 100,649
NET BOOK VALUE
At 31 December 2022 1,323,456 165,268 153,776 1,642,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 313,554
VAT 39,208
Prepayments and accrued income 93,414
446,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 502
Amounts owed to group undertakings 1,667,461
Other creditors 411,572
2,079,535

Standard Industries UK Ltd (Registered number: 13722572)

Notes to the Financial Statements - continued
for the Period 3 November 2021 to 31 December 2022

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 350,001
Between one and five years 962,503
1,312,504

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
101 Ordinary 0.01 1

100 Ordinary shares of £0.01 each were allotted and fully paid for cash at par during the period.

1 Ordinary share of £0.01 each was allotted as fully paid at a premium of £785,439.99 per share during the period.

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

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, other financial commitments totalled £Nil.

11. POST BALANCE SHEET EVENTS

On 14th March 2023 the company issued 1 additional ordinary share of £0.01 for a premium of £785,440 to its parent company Standard Building Solutions Inc.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Standard Building Solutions Inc.a company incorporated in the United States of America.

The ultimate parent company is G Holdings, LLC. a company incorporated in the United States of America. The smallest group of which the company is a member and for which group accounts are prepared is headed by Standard Building Solutions Inc. with its registered office of 9 West 57th Street, 47th Floor, New York, NY10019, United States.

The ultimate controlling party is G Holdings, LLC.