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REGISTERED NUMBER: 09391114 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R. TALENS UK LIMITED

R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)






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


R. TALENS UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: R G Benning
Y Karia





REGISTERED OFFICE: Wallis House
27 Broad Street
Wokingham
RG40 1AU





REGISTERED NUMBER: 09391114 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,051 1,673

CURRENT ASSETS
Debtors 5 28,849 105,642
Cash at bank 186,495 236,601
215,344 342,243
CREDITORS
Amounts falling due within one year 6 294,179 266,384
NET CURRENT (LIABILITIES)/ASSETS (78,835 ) 75,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,784

)

77,532

CREDITORS
Amounts falling due after more than one year 7 - 144,347
NET LIABILITIES (77,784 ) (66,815 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (77,785 ) (66,816 )
SHAREHOLDERS' FUNDS (77,784 ) (66,815 )

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 14 March 2024 and were signed on its behalf by:





R G Benning - Director


R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

R. Talens 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 company's trading address is Wallis House, 27 Broad Street, Wokingham, United Kingdom, RG40 1AU.

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 accounts have been prepared on the going concern basis in light of the fact that the parent company, Koninklijke Talens B.V., have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future being for a period of at least 12 months and 1 day following the signing of the audit report.

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 calculated on a cost plus 5% basis excluding certain costs, and is recharged to a fellow group company. Revenue is invoiced monthly and recognised when the costs are incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment etc. - 20% Straight line

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.

R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Basic financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS 102 (Section 1A).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,108
DEPRECIATION
At 1 January 2023 1,435
Charge for year 622
At 31 December 2023 2,057
NET BOOK VALUE
At 31 December 2023 1,051
At 31 December 2022 1,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings - 72,457
Other debtors 28,849 33,185
28,849 105,642

R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,043 10,650
Amounts owed to group undertakings 241,295 202,555
Taxation and social security 4,455 5,117
Other creditors & accruals 46,386 48,062
294,179 266,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings - 144,347

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 12,413 20,995
Between one and five years 40,092 808
52,505 21,803

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

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

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

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."

R. TALENS UK LIMITED (REGISTERED NUMBER: 09391114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

11. ULTIMATE PARENT COMPANY

Sakura International Holdings B.V (incorporated in The Netherlands) is considered by the directors to be the ultimate parent company of R. Talens UK Limited by virtue of its 100% shareholding. The registered office address is Sophialaan 46 7311PD Apeldoorn, The Netherlands.

The only group of undertakings for which consolidated financial statements are prepared which include R. Talens UK Ltd are those of Sakura International Holdings B.V.

Copies of these consolidated financial statements are not publicly available.