REGISTERED NUMBER: |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED (REGISTERED NUMBER: 10856571) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
Shorrock House |
1 Faraday Court |
Fulwood |
Preston |
Lancashire |
PR2 9NB |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED (REGISTERED NUMBER: 10856571) |
ABRIDGED BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED (REGISTERED NUMBER: 10856571) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
European Turfgrass Laboratories (Holdings) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED (REGISTERED NUMBER: 10856571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in group undertakings |
£ |
COST |
At 1 January 2023 and 31 December 2023 | 217,000 |
NET BOOK VALUE |
At 31 December 2023 | 217,000 |
At 31 December 2022 | 217,000 |
The company has the following subsidiary undertaking as at 31 December 2023: |
Class of share capital held |
Proportion held by group % |
Nature of business |
European Turfgrass Laboratories Limited | Ordinary | 100 | Soil testing |
The registered office address of the subsidiary undertaking is Unit 6 Millar Court, Alloa Business Park, The Whins, Alloa, Clackmannanshire, Scotland FK10 3SA. |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | RELATED PARTY DISCLOSURES |
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. |
At the year end the following balance was due from Professional Sportsturf Design (North West) Limited. |
2023 | 2022 |
£ | £ |
Loan from shareholder | 127,308 | 127,308 |
EUROPEAN TURFGRASS LABORATORIES |
(HOLDINGS) LIMITED (REGISTERED NUMBER: 10856571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
7. | ULTIMATE CONTROLLING PARTY |
The company was, at the end of the year, a wholly owned subsidiary of another company incorporated in England and Wales. This parent company, Professional Sportsturf Design (North West) Limited, is a wholly owned subsidiary in its own right. The ultimate parent company prepares consolidated financial statements. In accordance with Section 401 of the Companies Act 2006, the company is not required to produce, and has not published, consolidated financial statements. As a result, these financial statements present information about it as an individual undertaking, not its group. |
The directors consider the ultimate controlling party to be Greenpeak Fund II GmbH & Co., KG, a company incorporated in Germany. The correspondence address for Greenpeak Fund II GmbH & Co. KG is Theatinerstraße 14, D – 80333 München, Germany. |
The financial statements for Greenpeak Fund II GmbH & Co. KG are publicly available from the following web address: |
https://www.unternehmensregister.de/ureg/index.html;jsessionid=962F31A05B9D7D6208CC A361DC7C22AE.web02-1 |