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REGISTERED NUMBER: 05374345 (England and Wales)















HZPC-UK Limited

Financial Statements For The Year Ended 30 June 2024






HZPC-UK Limited (Registered number: 05374345)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HZPC-UK Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: C R Baker
G F J Backx



REGISTERED OFFICE: 2 Wharf Road
Crowle
Scunthorpe
North Lincolnshire
DN17 4HS



REGISTERED NUMBER: 05374345 (England and Wales)



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: HSBC
221 High Street
Lincoln
Lincolnshire
LN1 1TS

HZPC-UK Limited (Registered number: 05374345)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,586 317,913
Investments 5 1,161,528 1,176,499
1,459,114 1,494,412

CURRENT ASSETS
Debtors 2,482,249 2,810,336
Cash at bank and in hand 472,529 257,042
2,954,778 3,067,378
CREDITORS
Amounts falling due within one year 3,631,242 3,995,274
NET CURRENT LIABILITIES (676,464 ) (927,896 )
TOTAL ASSETS LESS CURRENT LIABILITIES 782,650 566,516

CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Retained earnings 762,650 546,516
SHAREHOLDERS' FUNDS 782,650 566,516

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2024 and were signed on its behalf by:





C R Baker - Director


HZPC-UK Limited (Registered number: 05374345)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

HZPC-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.

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.

Preparation of consolidated financial statements
The financial statements contain information about HZPC-UK 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, Royal HZPC Holding B.V., Edisonweg 5, 8501 XG Joure, Netherlands.

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 other wholly owned members of the group and any parent undertaking.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), and the amount of revenue can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0% and 4% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.


HZPC-UK Limited (Registered number: 05374345)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

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.

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 the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 577,241
Additions 54,369
Disposals (37,098 )
At 30 June 2024 594,512
DEPRECIATION
At 1 July 2023 259,328
Charge for year 74,388
Eliminated on disposal (36,790 )
At 30 June 2024 296,926
NET BOOK VALUE
At 30 June 2024 297,586
At 30 June 2023 317,913

Land of £201,124 is included in freehold property which has not been depreciated but an impairment provision of £21,124 has been made in previous year.

HZPC-UK Limited (Registered number: 05374345)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023 1,176,499
Disposals (14,971 )
At 30 June 2024 1,161,528
NET BOOK VALUE
At 30 June 2024 1,161,528
At 30 June 2023 1,176,499

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

T.L.C Potatoes Ltd
Registered Office: Wardend, Durris, Banchory, Aberdeenshire, AB31 6DA
Nature of business: Plant propagation

%
Class of shares: holding
Ordinary 100.00

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences - (3,643 )
Accelerated capital allowances - 3,643
- -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 Ordinary £1 20,000 20,000

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

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £2,135 (2023: £2,135).

HZPC-UK Limited (Registered number: 05374345)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

10. ULTIMATE CONTROLLING PARTY

The company is controlled by HZPC SBA Europe B.V., Edisonweg 5, 8501 XG Joure, Netherlands (incorporated in the Netherlands) which is controlled by Royal HZPC Holding B.V., Edisonweg 5, 8501 XG Joure, Netherlands (incorporated in the Netherlands). Group accounts are publicly available on the HZPC website.