REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
10 MARCH 2023 TO 31 MARCH 2024 |
FOR |
ANTARIS UK LIMITED |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings | ( |
) |
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. |
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 |
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 |
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 |
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 |
At 31 March 2024 |
Depreciation |
Charge for period |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
Additions |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
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 |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Amounts owed to group undertakings |
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. |