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Financial Statements

for the Year Ended 31 December 2023

for

ETOPS (AS) UK Limited

ETOPS (AS) UK Limited (Registered number: 08741046)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ETOPS (AS) UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M G Elipe
O Rijsdijk





SECRETARY: Miss S Wynn





REGISTERED OFFICE: CAE Sts
Innovation Drive
Burgess Hill
RH15 9TW





REGISTERED NUMBER: 08741046 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

ETOPS (AS) UK Limited (Registered number: 08741046)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,037,122 1,037,122

CURRENT ASSETS
Debtors 5 954,015 806,234
Cash at bank 27,192 27,971
981,207 834,205
CREDITORS
Amounts falling due within one year 6 46,062 46,056
NET CURRENT ASSETS 935,145 788,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,972,267

1,825,271

CAPITAL AND RESERVES
Called up share capital 7 1,272,933 1,132,906
Fair value reserve 662,948 662,948
Retained earnings 36,386 29,417
SHAREHOLDERS' FUNDS 1,972,267 1,825,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





O Rijsdijk - Director


ETOPS (AS) UK Limited (Registered number: 08741046)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

ETOPS (AS) 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,037,122
NET BOOK VALUE
At 31 December 2023 1,037,122
At 31 December 2022 1,037,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 940,420 800,393
Prepayments and accrued income 13,595 5,841
954,015 806,234

ETOPS (AS) UK Limited (Registered number: 08741046)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 41,859 41,859
Tax 6 -
Other creditors 1,697 1,697
Accruals and deferred income 2,500 2,500
46,062 46,056

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,272,933 Ordinary £1 1,272,933 1,132,906

140,027 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is CAE Inc.