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REGISTERED NUMBER: 07381485 (England and Wales)















Systra Scott Lister UK Limited

Audited Financial Statements for the Year Ended 31 December 2023






Systra Scott Lister UK Limited (Registered number: 07381485)






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 to 7


Systra Scott Lister UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: O J M Dezorme
H Lister
A Newbrook
J Y M Vollery





REGISTERED OFFICE: 1 Parkshot
Richmond
Surrey
TW9 2RD





REGISTERED NUMBER: 07381485 (England and Wales)





AUDITORS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Systra Scott Lister UK Limited (Registered number: 07381485)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 1,030,962 755,270
Cash at bank 502,803 844,968
1,533,765 1,600,238
CREDITORS
Amounts falling due within one year 6 317,797 557,999
NET CURRENT ASSETS 1,215,968 1,042,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,968

1,042,239

CAPITAL AND RESERVES
Called up share capital 452,277 452,277
Retained earnings 763,691 589,962
1,215,968 1,042,239

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 21 October 2024 and were signed on its behalf by:





A Newbrook - Director


Systra Scott Lister UK Limited (Registered number: 07381485)

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

1. STATUTORY INFORMATION

Systra Scott Lister 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

2.1 Basis of preparing the financial statements

Preparation
The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.

The financial statements have been presented in Pound Sterling as this is the currency of the primary
economic environment in which the company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:

2.2 Going concern
The directors have assessed the company's ability to continue as a going concern and have a
reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. In doing this, they have considered the results for the period,
expectations of future trading and the availability of continued funding. On the basis of this
information the directors are satisfied that the company will be able to meet its financial obligations as
they fall due for a period of at least 12 months from the date of approval of these financial
statements.

2.3 Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
company and the turnover can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before turnover is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Systra Scott Lister UK Limited (Registered number: 07381485)

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

2. ACCOUNTING POLICIES - continued

Policies continued
2.4 Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable of
operating in the manner intended by management.
At each reporting date the company assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined which is the higher of its fair
value less costs to sell and its value in use. An impairment loss is recognised where the carrying
amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:
Equipment and fixtures
and fittings
- 33.33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in profit or loss.

2.5 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.

2.6 Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable.

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

Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction
price, unless the arrangement constitute a financing transaction, where the debt instrument is
measured at the present value of the future receipts discontinued at a rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payables are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are
recognised initially at transactions price and subsequently measured at amortised costs.
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.


Systra Scott Lister UK Limited (Registered number: 07381485)

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

2. ACCOUNTING POLICIES - continued
Short term creditors are measured at the transaction price. Other financial liabilities are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using
the effective interest method.

2.8 Interest payable and similar expenses
Interest payable and similar expenses are charged to profit or loss over the term of the debt using the
effective interest method so that the amount charged is at a constant rate on the carrying amount.
Issue costs are initially recognised as a reduction in the proceeds of the associated capital
instrument.

2.9 Foreign currency translation

Functional and presentation currency
The company's functional and presentation currency is GBP.

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange
rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary
items measured at historical cost are translated using the exchange rate at the date of the
transaction and non-monetary items measured at fair value are measured using the exchange rate
when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the
translation at period-end exchange rates of monetary assets and liabilities denominated in foreign
currencies are recognised in profit or loss.


2.10 Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid
are shown in other creditors as a liability in the Statement of Financial Position. The assets of the
plan are held separately from the company in independently administered funds.

2.11 Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense
recognised as other comprehensive income or to an item recognised directly in equity is also
recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the company operates
and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of

Systra Scott Lister UK Limited (Registered number: 07381485)

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

2. ACCOUNTING POLICIES - continued
business combinations, when deferred tax is recognised on the differences between the fair values of
assets acquired and the future tax deductions available for them and the differences between the fair
values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined
using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 33,543
DEPRECIATION
At 1 January 2023
and 31 December 2023 33,543
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 281,041 252,381
Amounts owed by group undertakings 118,547 225,305
Other debtors 631,374 277,584
1,030,962 755,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,537 150,791
Amounts owed to group undertakings 99,814 172,306
Corporation tax 47,954 60,226
Social security and other taxes 32,568 31,074
VAT 19,439 20,560
Other creditors 42,633 62,962
Accruals and deferred income 48,852 60,080
317,797 557,999

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

The Report of the Auditors was unqualified.

Kameliya Harrison FCA (Senior Statutory Auditor)
for and on behalf of Tearle & Carver Limited

Systra Scott Lister UK Limited (Registered number: 07381485)

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

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Systra ANZ Holdings Pty Ltd, a company
incorporated in Australia. The results of Systra Scott Lister UK Limited will be consolidated into Systra
ANZ Holdings Pty Ltd.

The ultimate parent company is Systra SA, a company incorporated in France. Systra SA is the parent
undertaking of the largest group of undertakings to consolidate these financial statements at 31 December 2023.

The consolidated financial statements of Systra SA can be obtained from 75, Rue Henry Farman,
Paris, 75015 France.

The directors consider there to be no ultimate controlling party.

9. SHARE CAPITAL

2023 2022
£    £   
Allotted, called up and fully paid
1,000,000 (2021: 1,000,000) ordinary A shares of £0.0001 each 100 100
452,177 (2021: 452,177) ordinary B shares of £1.0000 each 452,177 452,177
452,277 452,277



The company has two classes of ordinary shares; each share has attached to it full voting rights.