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REGISTERED NUMBER: 14721495 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 MARCH 2023 TO 31 MARCH 2024

FOR

ANTARIS UK LIMITED

ANTARIS UK LIMITED (REGISTERED NUMBER: 14721495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANTARIS UK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024







Director: Mr M Kaschnigg





Registered office: First Floor
10 Templeback
Bristol
BS1 6FL





Registered number: 14721495 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

ANTARIS UK LIMITED (REGISTERED NUMBER: 14721495)

BALANCE SHEET
31 MARCH 2024

Notes £   
FIXED ASSETS
Tangible assets 4 12,001
Investment property 5 2,371,355
2,383,356

CURRENT ASSETS
Debtors 6 35,063
Cash at bank 30,395
65,458
CREDITORS
Amounts falling due within one year 7 (31,591 )
NET CURRENT ASSETS 33,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,417,223

CREDITORS
Amounts falling due after more than one year 8 (1,144,345 )
NET ASSETS 1,272,878

CAPITAL AND RESERVES
Called up share capital 100
Other reserves 1,317,060
Retained earnings (44,282 )
1,272,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 November 2024 and were signed by:





Mr M Kaschnigg - Director


ANTARIS UK LIMITED (REGISTERED NUMBER: 14721495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Antaris 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.

The functional and presentation currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Turnover
Rental income is recognised at the fair value of the consideration received for the period to which it relates. Rental income received in advance of the period to which relates is recognised within deferred income in other creditors on the balance sheet.

Tangible fixed assets
Tangible assets are measured at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and fixtures - 25% on cost

Investment property
Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Going concern
The company receives ongoing support from its parent company Antaris Holding GmbH. Repayment of intercompany loans will not be required until the company is able to do so. Due to this the director considers the going concern basis to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

ANTARIS UK LIMITED (REGISTERED NUMBER: 14721495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
Additions 14,282
At 31 March 2024 14,282
Depreciation
Charge for period 2,281
At 31 March 2024 2,281
Net book value
At 31 March 2024 12,001

5. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 2,371,355
At 31 March 2024 2,371,355
Net book value
At 31 March 2024 2,371,355

Valuation

The investment properties were revalued at 31 March 2024 by the director on an open market basis. The director has considered the valuation of all investment properties at the balance sheet date and the conclusion drawn that they remain materially correct.

There has been no valuation of investment properties by an independent valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,632
Amounts owed by group undertakings 100
Other debtors 32,331
35,063

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,249
Other creditors 28,342
31,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Amounts owed to group undertakings 1,144,345

Amounts owed to group undertakings includes £1,100,000 due to Antaris Holding GmbH. This is repayable in full on 1 June 2028. Interest is payable at the rate of 3.75%. Interest for the period ended 31 March 2024 is £32,845.

ANTARIS UK LIMITED (REGISTERED NUMBER: 14721495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 MARCH 2023 TO 31 MARCH 2024

9. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Antaris Holding GmbH, whose registered office address is Am Modenapark 10/16, 1030 Vienna, Austria.