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REGISTERED NUMBER: 14191736 (England and Wales)















Financial Statements

for the Year Ended 30 March 2024

for

NYETIMBER BIDCO LIMITED

NYETIMBER BIDCO LIMITED (REGISTERED NUMBER: 14191736)

Contents of the Financial Statements
for the year ended 30 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NYETIMBER BIDCO LIMITED

Company Information
for the year ended 30 March 2024







Directors: D L Holland
J Maitland
M Porter
K A Fowlie





Registered office: Nyetimber Bidco Limited Chaddock Lane
Worsley
Manchester
M28 1XW





Registered number: 14191736 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

NYETIMBER BIDCO LIMITED (REGISTERED NUMBER: 14191736)

Balance Sheet
30 March 2024

2024 2023
as restated
Notes £'000 £'000 £'000 £'000
Fixed assets
Investments 5 528,828 528,828

Current assets
Debtors 6 121,550 88,082
Cash at bank 145 60
121,695 88,142
Creditors
Amounts falling due within one year 7 442,049 359,443
Net current liabilities (320,354 ) (271,301 )
Total assets less current liabilities 208,474 257,527

Creditors
Amounts falling due after more than one
year

8

207,500

222,000
Net assets 974 35,527

Capital and reserves
Called up share capital 9 1,923 1,923
Other reserves 54,809 54,809
Retained earnings (55,758 ) (21,205 )
Shareholders' funds 974 35,527

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M Porter - Director


NYETIMBER BIDCO LIMITED (REGISTERED NUMBER: 14191736)

Notes to the Financial Statements
for the year ended 30 March 2024


1. Statutory information

Nyetimber Bidco 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of approval of the financial statements.

In assessing the appropriateness of the going concern basis of accounting, the Board have taken into account a number of factors including current operating performance, cash liquidity, approved budgets forecasts covering the going concern period and forecast banking compliance ratios.

Management has prepared, and the Directors have reviewed and approved, budgets for the year ending 30 March 2025. These budgets include profit projections and cash flow forecasts. Longer term 5 year plans out to March 2028 have also been prepared and reviewed by the Board. An element of uncertainty is inherent in forecasting and key sensitivities have been considered when budgets are prepared and approved.

Consequently, the Directors are satisfied 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. Therefore, the financial statements have been prepared on a going concern basis.

The company has taken advantage of the exemption available under the Companies Act 2006 not to prepare consolidated financial statements because it is included in the consolidated financial statement of Nyetimber Finco Limited, which are publicly available on Companies House.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


NYETIMBER BIDCO LIMITED (REGISTERED NUMBER: 14191736)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


3. 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.

4. Employees and directors

The average number of employees during the year was 1 (2023 - NIL ) .

5. Fixed asset investments
Shares in
group
undertakings
£'000
Cost
At 31 March 2023
and 30 March 2024 528,828
Net book value
At 30 March 2024 528,828
At 30 March 2023 528,828

6. Debtors: amounts falling due within one year
2024 2023
as restated
£'000 £'000
Amounts owed by group undertakings 108,415 86,019
Other debtors 13,135 2,063
121,550 88,082

7. Creditors: amounts falling due within one year
2024 2023
as restated
£'000 £'000
Bank loans and overdrafts 7,900 -
Amounts owed to group undertakings 433,383 359,006
Social security and other taxes 68 -
VAT 53 -
Other creditors 8 -
Derivative liability 256 -
Accrued expenses 381 437
442,049 359,443

NYETIMBER BIDCO LIMITED (REGISTERED NUMBER: 14191736)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


8. Creditors: amounts falling due after more than one year
2024 2023
as restated
£'000 £'000
Bank loans more 5 yrs 207,500 222,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 207,500 222,000

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£'000 £'000
1,923,396 Ordinary £1 1,923 1,923

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David M Fort FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

11. Related party disclosures

The profit and loss includes monitoring fees payable to Nyetimber Holdings (Lux) S.A.S.

2024 2023
£'000 £'000
Administrative expenses 385 -


The following is included within accrued expenses in the relation to fees payable to Nyetimber Holdings (Lux) S.A.S at 30 March 2024.

2024 2023
£'000 £'000
Accrued expenses 113 -

The Company has taken advantage of the exemption, under the 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.

12. Ultimate controlling party

The immediate parent company, by virtue of its 100% shareholding, is Nyetimber Midco Limited, a company registered in the United Kingdom.

Nyetimber Finco Limited, a company registered in the United Kingdom, is the parent undertaking of the smallest group of undertakings to consolidate these financial statements. Copies of the group accounts are available from Chaddock Lane, Worsley, Greater Manchester M28 1XW.

OMERS Administration Corporation is the ultimate controlling party of Nyetimber Finco Limited.