Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr M R Barandiaran 08/10/2021 Mr B R Harnett 05/12/2017 Mr A Kientzler 06/02/2013 Mr L A Kientzler 04/05/2007 Mr T Psenner 25/09/2002 Mr J Starzynski 25/09/2002 11 November 2024 The principal activity of the Company during the financial year is that of a plant breeders sales agency. 04527810 2024-09-30 04527810 bus:Director1 2024-09-30 04527810 bus:Director2 2024-09-30 04527810 bus:Director3 2024-09-30 04527810 bus:Director4 2024-09-30 04527810 bus:Director5 2024-09-30 04527810 bus:Director6 2024-09-30 04527810 2023-09-30 04527810 core:CurrentFinancialInstruments 2024-09-30 04527810 core:CurrentFinancialInstruments 2023-09-30 04527810 core:ShareCapital 2024-09-30 04527810 core:ShareCapital 2023-09-30 04527810 core:RetainedEarningsAccumulatedLosses 2024-09-30 04527810 core:RetainedEarningsAccumulatedLosses 2023-09-30 04527810 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 04527810 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-09-30 04527810 core:OtherResidualIntangibleAssets 2023-09-30 04527810 core:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 04527810 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-09-30 04527810 core:OtherResidualIntangibleAssets 2024-09-30 04527810 bus:OrdinaryShareClass1 2024-09-30 04527810 2023-10-01 2024-09-30 04527810 bus:FilletedAccounts 2023-10-01 2024-09-30 04527810 bus:SmallEntities 2023-10-01 2024-09-30 04527810 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04527810 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04527810 bus:Director1 2023-10-01 2024-09-30 04527810 bus:Director2 2023-10-01 2024-09-30 04527810 bus:Director3 2023-10-01 2024-09-30 04527810 bus:Director4 2023-10-01 2024-09-30 04527810 bus:Director5 2023-10-01 2024-09-30 04527810 bus:Director6 2023-10-01 2024-09-30 04527810 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-10-01 2024-09-30 04527810 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-10-01 2024-09-30 04527810 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-10-01 2024-09-30 04527810 2022-10-01 2023-09-30 04527810 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 04527810 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 04527810 core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 04527810 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04527810 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares iso4217:EUR

Company No: 04527810 (England and Wales)

PROVEN WINNERS EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PROVEN WINNERS EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PROVEN WINNERS EUROPE LIMITED

BALANCE SHEET

As at 30 September 2024
PROVEN WINNERS EUROPE LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 2,063 2,570
2,063 2,570
Current assets
Debtors 4 14,880 114,633
Cash at bank and in hand 92,077 117,985
106,957 232,618
Creditors: amounts falling due within one year 5 ( 7,115) ( 148,976)
Net current assets 99,842 83,642
Total assets less current liabilities 101,905 86,212
Net assets 101,905 86,212
Capital and reserves
Called-up share capital 6 16,038 16,038
Profit and loss account 85,867 70,174
Total shareholders' funds 101,905 86,212

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Proven Winners Europe Limited (registered number: 04527810) were approved and authorised for issue by the Board of Directors on 11 November 2024. They were signed on its behalf by:

Mr B R Harnett
Director
PROVEN WINNERS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PROVEN WINNERS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Proven Winners Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Kernock Park Plants Limited Kernock Park, Pillaton, Saltash, PL12 6RY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 3 years straight line
Website costs 3 years straight line
Other intangible assets 10 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Trademarks, patents
and licences
Website costs Other intangible assets Total
£ £ £ £
Cost
At 01 October 2023 73,681 11,952 4,420 90,053
At 30 September 2024 73,681 11,952 4,420 90,053
Accumulated amortisation
At 01 October 2023 71,111 11,952 4,420 87,483
Charge for the financial year 507 0 0 507
At 30 September 2024 71,618 11,952 4,420 87,990
Net book value
At 30 September 2024 2,063 0 0 2,063
At 30 September 2023 2,570 0 0 2,570

4. Debtors

2024 2023
£ £
Trade debtors 14,880 114,633

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,516 40,551
Other taxation and social security 806 874
Other creditors 3,793 107,551
7,115 148,976

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
9,000 Ordinary A shares of € 2.00 each 16,038 16,038