REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
FOR |
VERIDIAN SOLUTIONS UK LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
FOR |
VERIDIAN SOLUTIONS UK LTD |
VERIDIAN SOLUTIONS UK LTD (REGISTERED NUMBER: 10909336) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
VERIDIAN SOLUTIONS UK LTD |
COMPANY INFORMATION |
for the Year Ended 30 June 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
VERIDIAN SOLUTIONS UK LTD (REGISTERED NUMBER: 10909336) |
BALANCE SHEET |
30 June 2022 |
30.6.22 | 30.6.21 |
as restated |
(Unaudited) |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
VERIDIAN SOLUTIONS UK LTD (REGISTERED NUMBER: 10909336) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2022 |
1. | STATUTORY INFORMATION |
Veridian Solutions UK Ltd is a |
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. |
Going concern |
The parent company, Nexon Asia Pacific Pty Ltd, has confirmed that they will continue to support Veridian Solutions UK Ltd for a period of at least 12 months and 1 day from the date of the audit report attached to the financial statements. As such the directors have used the going concern basis in preparing the financial statements. |
Turnover |
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the costs of the entity plus a mark up to reflect the risk associated with the services provided under a service agreement. |
Financial instruments |
Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any other financial instruments, as covered by Section 12 of FRS 102. |
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. |
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. |
VERIDIAN SOLUTIONS UK LTD (REGISTERED NUMBER: 10909336) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
as restated |
(Unaudited) |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
During the year, Veridian Solutions UK Ltd was acquired by Nexon Asia Pacific Pty Ltd. At 30 June 2021, the company was owed £20,902 by a wholly owned member of the group headed by Nexon Asia Pacific Ltd. Pty this balance is included in other debtors in 2021, as the company was not part of the group at this date. As at 30 June 2022, the balance amounts to £42,292 and is included within amounts owed by group undertakings. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
as restated |
(Unaudited) |
£ | £ |
Taxation and social security |
Other creditors & accruals |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.22 | 30.6.21 |
value: | £ | £ |
Ordinary | £1 | 25 | 25 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
VERIDIAN SOLUTIONS UK LTD (REGISTERED NUMBER: 10909336) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2022 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 - continued |
As stated above, the Report of the Auditors was unqualified. It did however contain the following modification:- |
"Other information |
The comparative figures in these financial statements were not audited but we have obtained and carried out sufficient audit work to satisfy ourselves that the opening balances are not materially misstated." |
We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:- |
"Use of our 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 a Report of the Auditors 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." |
8. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |
9. | ULTIMATE PARENT COMPANY |
The ultimate parent company is Maple Topco B.V., a company incorporated in the Netherlands with a registered office at Cornelis Schuytstraat 74, 1071JL Amsterdam, The Netherlands. |
Cirrus Holdings 1 Pty Ltd., a company incorporated in Australia with a registered office at 60-70 Parramatta Rd, Summer Hill NSW 2130 Australia.This is the largest group for which consolidated accounts are produced. Consolidated accounts are publicly available from this address. |
The immediate parent company is Nexon Asia Pacific Pty Ltd, a company incorporated in Australia with a registered office at 60-70 Parramatta Rd, Summer Hill NSW 2130. |