IRIS Accounts Production v24.3.0.553 13438498 Board of Directors 1.4.23 31.3.24 31.3.24 8.10.24 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134384982023-03-31134384982024-03-31134384982023-04-012024-03-31134384982022-03-31134384982022-04-012023-03-31134384982023-03-3113438498ns15:EnglandWales2023-04-012024-03-3113438498ns14:PoundSterling2023-04-012024-03-3113438498ns10:Director12023-04-012024-03-3113438498ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113438498ns10:SmallEntities2023-04-012024-03-3113438498ns10:Audited2023-04-012024-03-3113438498ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113438498ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113438498ns10:FullAccounts2023-04-012024-03-3113438498ns10:OrdinaryShareClass12023-04-012024-03-3113438498ns10:Director32023-04-012024-03-3113438498ns10:Director42023-04-012024-03-3113438498ns10:RegisteredOffice2023-04-012024-03-3113438498ns5:CurrentFinancialInstruments2024-03-3113438498ns5:CurrentFinancialInstruments2023-03-3113438498ns5:ShareCapital2024-03-3113438498ns5:ShareCapital2023-03-3113438498ns5:RetainedEarningsAccumulatedLosses2024-03-3113438498ns5:RetainedEarningsAccumulatedLosses2023-03-3113438498ns5:CostValuation2024-03-3113438498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113438498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113438498ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13438498 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Eckler UK Limited

Eckler UK Limited (Registered number: 13438498)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eckler UK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R T M Borland
J P H Entwisle
C G Brisebois





REGISTERED OFFICE: The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1FE





REGISTERED NUMBER: 13438498 (England and Wales)





AUDITORS: DUX Advisory Limited
Chartered Accountants and
Statutory Auditors
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Eckler UK Limited (Registered number: 13438498)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 160,000 160,000

CURRENT ASSETS
Debtors 5 1,680,044 1,338,912

CREDITORS
Amounts falling due within one year 6 1,805,438 1,488,959
NET CURRENT LIABILITIES (125,394 ) (150,047 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,606 9,953

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 34,506 9,853
SHAREHOLDERS' FUNDS 34,606 9,953

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 17 September 2024 and were signed on its behalf by:





C G Brisebois - Director


Eckler UK Limited (Registered number: 13438498)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eckler 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.

Significant judgements and estimates
In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. These assumptions are reassessed annually as part of the accounts preparation process.

The Directors have had to make the following judgements:

Determine whether there are indicators of impairment of the company's fixed asset investments and associate undertakings. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the investments and associate undertakings, and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Investments in associates
Investments in associate undertakings are measured at cost less accumulated impairment.

Eckler UK Limited (Registered number: 13438498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the discounted amount of the cash or other consideration expected to be paid or received.

However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in the case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a Director in the case of a small company.

Investments in non-derivative instruments that are equity to the issuer are measured:

(i) at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;

(ii) at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Eckler UK Limited (Registered number: 13438498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

Going concern
The ultimate parent undertaking, Eckler Limited, has indicated its willingness and ability to support the company 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.

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 160,000
At 31 March 2023 160,000

Eckler UK Limited (Registered number: 13438498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 1,656,036 1,298,428
Other debtors 24,008 40,484
1,680,044 1,338,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 1,793,768 1,456,787
Other creditors 11,670 32,172
1,805,438 1,488,959

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100

The ordinary shares each carry voting rights and a right to receive dividends, and distributions upon winding up.

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

The Report of the Auditors was unqualified.

Bianca Permal FCA (Senior Statutory Auditor)
For and on behalf of DUX Advisory Limited

9. RELATED PARTY DISCLOSURES

Eckler UK Limited is a designated member of Club Vita LLP and the loan outstanding to this entity of £1,656,036 (2023: £1,298,428) is unsecured and repayable on demand.

Interest was charged on these loans and amounted to £112,526 (2023: £44,657) for the year ended 31 March 2024.

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.

Eckler UK Limited (Registered number: 13438498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent company and ultimate controlling party is Eckler Limited, a company incorporated in Canada, whose registered office is 5140 Yonge Street, Suite 1700 Toronto, Ontario M2N 6L7. Eckler Limited is the parent of the smallest group which prepares consolidated financial statements in which the company is included.