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REGISTERED NUMBER: 04480076 (England and Wales)














Financial Statements for the Year Ended 31 December 2023

for

Ameropa UK Limited

Ameropa UK Limited (Registered number: 04480076)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ameropa UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Blackmore





REGISTERED OFFICE: 5 Barnfield Crescent
Exeter
Devon
EX1 1QT





REGISTERED NUMBER: 04480076 (England and Wales)





AUDITORS: Kirk Hills
Chartered Accountants and Statutory Auditors
5 Barnfield Crescent
Exeter
Devon
EX1 1QT

Ameropa UK Limited (Registered number: 04480076)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,108 1,901

CURRENT ASSETS
Debtors 5 55,072 73,234
Cash at bank 603,843 347,390
658,915 420,624
CREDITORS
Amounts falling due within one year 6 55,355 31,150
NET CURRENT ASSETS 603,560 389,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,668

391,375

PROVISIONS FOR LIABILITIES 527 361
NET ASSETS 605,141 391,014

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Capital redemption reserve 100 100
Retained earnings 555,041 340,914
605,141 391,014

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 director and authorised for issue on 27 February 2024 and were signed by:





D Blackmore - Director


Ameropa UK Limited (Registered number: 04480076)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Ameropa UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principal place of business is 1st Floor, 16 Southernhay West, Exeter, Devon, EX1 1PJ.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

An asset is recognised when expenditure is incurred on a piece of equipment, machinery or the like that is expected to have a useful life of more than one year

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.


Ameropa UK Limited (Registered number: 04480076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 11,986
Additions 1,346
At 31 December 2023 13,332
DEPRECIATION
At 1 January 2023 10,085
Charge for year 1,139
At 31 December 2023 11,224
NET BOOK VALUE
At 31 December 2023 2,108
At 31 December 2022 1,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 48,209 64,628
Other debtors 6,863 8,606
55,072 73,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 549 1,039
Taxation and social security 46,714 21,523
Other creditors 8,092 8,588
55,355 31,150

Ameropa UK Limited (Registered number: 04480076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 3,638 5,833
Between one and five years - 9,438
3,638 15,271

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

The Report of the Auditors was unqualified.

Adrian Hills ACA (Senior Statutory Auditor)
for and on behalf of Kirk Hills

9. RELATED PARTY DISCLOSURES

Ameropa UK Limited acts as an agency for Ameropa Holding AG of Rebgasse 108, CH-4102, Binningen, Switzerland which is also the holding company's principal place of business.

As an agent all of Ameropa UK Ltd's turnover - being £2,181,637 for 2023 (£1,016,056 - 2022) - was invoiced to the holding company, Ameropa Holding AG.

At the year end £48,209 (2022 £64,628) was owed to Ameropa UK Ltd by Ameropa Holding AG.

10. GOING CONCERN

As disclosed above one of the company's ultimate controlling parties is Mr Andreas Zivy. In 2019 Mr Zivy - via Ameropa Holding AG - was accused and found guilty of fraud in the Russian courts. The director believes that this decision is not recognised by Interpol on the basis that Mr Zivy is no longer on the Red Notices list and there is no active arrest warrant issued. The fraud, which is vehemently denied, relates to Ameropa Holding AG purchasing stock at under value and selling it for an overstated profit. Ameropa Holding AG are appealing the decision. The director considers that whilst this is worthy of note in the financial statements, it has no impact on the company's ability to trade as a going concern.