EBERSPACHER (UK) HOLDINGS LIMITED

Company Registration Number:
03519863 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

EBERSPACHER (UK) HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EBERSPACHER (UK) HOLDINGS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Principal Activity and Review of the BusinessThe company is a holding company for Eberspacher (UK) Limited which assembles and marketsindependent diesel fuelled heating and climate control systems for the automotive, marine and militarymarkets.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

David Smith
Steffen Such
Martin Peters


Secretary Darren Lampon

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2024

And signed on behalf of the board by:
Name: David Smith
Status: Director

EBERSPACHER (UK) HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 2,500,000 1,200,000
Gross profit(or loss): 2,500,000 1,200,000
Administrative expenses: ( 2,500,000 ) ( 1,200,000 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

EBERSPACHER (UK) HOLDINGS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 1,000,000 1,000,000
Total fixed assets: 1,000,000 1,000,000
Net current assets (liabilities):  
Total assets less current liabilities: 1,000,000 1,000,000
Total net assets (liabilities): 1,000,000 1,000,000
Capital and reserves
Called up share capital: 955,000 955,000
Profit and loss account: 45,000 45,000
Total Shareholders' funds: 1,000,000 1,000,000

The notes form part of these financial statements

EBERSPACHER (UK) HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 April 2024
and signed on behalf of the board by:

Name: David Smith
Status: Director

The notes form part of these financial statements

EBERSPACHER (UK) HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparationThe financial statements have been prepared on the historical cost basis. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.The financial statements are prepared in sterling, which is the functional currency of the entity.Going concernThe financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The company's Statement of Financial Position has net assets of £1,000,000 (2022: £1,000,000).The directors, having made appropriate enquiries, have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements based on the performance and position of the main subsidiary, Eberspacher (UK) Limited and the fact that Eberspacher (UK) Limited is in a net current assets (2022: net current assets) position.Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.Disclosure exemptionsThe Company’s ultimate parent undertaking, Eberspacher Gruppe GmbH & Co. KG includes the Company in its consolidated financial statements. The consolidated financial statements of Eberspacher Gruppe GmbH & Co. KG are prepared under the provisions of Section 290 et seq.HGB (Handelsgesetzbuch: German Commercial Code) and are available to the public as detailed in Note 12. In these financial statements, the company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:Cash Flow Statement and related notes; and.Key Management Personnel compensation.ConsolidationThe company is exempt from the requirements to prepare group accounts by virtue of section 401 of the Companies Act 2006. These accounts therefore present information about the company as an individual undertaking and not about its group. Judgements and key sources of estimation uncertaintyThe preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no current judgements or uncertainties.TaxationTax on the profit or loss for the year comprises of current tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the Statement of Financial Position date, and any adjustment to tax payable in respect of previous years.Unrelieved tax losses are recognised only to the extent that is it probable that they will be recovered against the reversal of other future taxable profits.InvestmentsThese are separate financial statements of the company. Investments in subsidiaries are carried at cost less impairment.Dividend income from investments in subsidiaries is recognised when the right to receive payment is established.Foreign currenciesForeign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.ImpairmentNon-financial assetsThe carrying amounts of the Company’s non-financial assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.Distributions to equity holdersDividends and other distributions to the company’s shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the Statement of Income and Retained Earnings.

EBERSPACHER (UK) HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

EBERSPACHER (UK) HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

INVESTMENTS Shares in group undertakingsAt 1 January 2023 and 31 December 2023 £1,000,000Impairment At 1 January 2023 and 31 December 2023 £0Carrying amount At 31 December 2023 £1,000,000 At 31 December 2022 £1,000,000