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REGISTERED NUMBER: 12290873 (England and Wales)















VERNIER HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






VERNIER HOLDINGS LTD (REGISTERED NUMBER: 12290873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


VERNIER HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J J Campion
P Knight
N L Detchepare
J R Goodwin
N Harper



REGISTERED OFFICE: Socotec House Bretby Business Park
Ashby Road
Bretby
Burton Upon Trent
DE15 0YZ



REGISTERED NUMBER: 12290873 (England and Wales)



SENIOR STATUTORY AUDITOR: Timothy Godson FCA



AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

VERNIER HOLDINGS LTD (REGISTERED NUMBER: 12290873)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,300,100 2,300,100

CURRENT ASSETS
Debtors 5 559,900 15,162
Cash at bank - 544,738
559,900 559,900
NET CURRENT ASSETS 559,900 559,900
TOTAL ASSETS LESS CURRENT LIABILITIES 2,860,000 2,860,000

CAPITAL AND RESERVES
Called up share capital 6 1,600 1,600
Share premium 239,100 239,100
Merger reserve 2,298,800 2,298,800
Retained earnings 320,500 320,500
SHAREHOLDERS' FUNDS 2,860,000 2,860,000

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 15 April 2024 and were signed on its behalf by:





J J Campion - Director


VERNIER HOLDINGS LTD (REGISTERED NUMBER: 12290873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Vernier Holdings 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.

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 as modified by the revaluation of certain assets.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Preparation of consolidated financial statements
The financial statements contain information about Vernier Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Socotec Building & Real Estate Holdings Limited, Socotec House Bretby Business Park, Bretby, Burton-On-Trent, Derbyshire, England, DE15 0YZ

VERNIER HOLDINGS LTD (REGISTERED NUMBER: 12290873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 2,300,100
NET BOOK VALUE
At 31 December 2023 2,300,100
At 31 December 2022 2,300,100

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

QAI Services Limited
Registered office: Socotec House Bretby Business Park, Bretby, Burton-On-Trent, Derbyshire, England, DE15 0YZ
Nature of business: Building regulation compliance services
%
Class of shares: holding
Ordinary 100.00
2023 31.12.22
£    £   
Aggregate capital and reserves - 474,546

Quadrant Building Compliance Limited
Registered office: Socotec House Bretby Business Park, Bretby, Burton-On-Trent, Derbyshire, England, DE15 0YZ
Nature of business: Building regulation compliance services
%
Class of shares: holding
Ordinary 100.00
2023 31.12.22
£    £   
Aggregate capital and reserves - 100

Quadrant Building Control Limited
Registered office: Socotec House Bretby Business Park, Bretby, Burton-On-Trent, Derbyshire, England, DE15 0YZ
Nature of business: Building control compliance services
%
Class of shares: holding
Ordinary 100.00
2023 31.12.22
£    £   
Aggregate capital and reserves - 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 559,900 15,162

VERNIER HOLDINGS LTD (REGISTERED NUMBER: 12290873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,600 Ordinary £1 1,600 1,600

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

The Report of the Auditors was unqualified.

Timothy Godson FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

8. ULTIMATE CONTROLLING PARTY

The parent undertaking and the smallest and largest Group of which the company was a member during the year and for which the group financial statements were prepared was SOCO 1, a company incorporated in France.

Copies of the SOCO 1 group financial statements are available to the public at the following address:

5 Place des Freres Montgolfier,
78280 Guyancourt,
France