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REGISTERED NUMBER: 10856571 (England and Wales)












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: Prof D M James
Mrs S Singleton-Bruce





REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB





REGISTERED NUMBER: 10856571 (England and Wales)





AUDITORS: Rushtons
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 4 217,000 217,000

CREDITORS
Amounts falling due within one year 216,980 216,980
NET CURRENT LIABILITIES (216,980 ) (216,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20

20

CAPITAL AND RESERVES
Called up share capital 20 20
SHAREHOLDERS' FUNDS 20 20

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 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 February 2024 and were signed on its behalf by:





Mrs S Singleton-Bruce - Director


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 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.

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.

Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons

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.

20232022

£   £   
Loan from shareholder127,308127,308

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