SUPPLAIR UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Supplair UK Limited is a company limited by shares, incorporated in the England and Wales. The address of the registered office is Ash House, Littleton Road, Ashford, England, TW15 1TZ.
The principal activity of the Company used to be the provision of fresh, frozen and chilled products to the airline industry, but the company's trade was transferred in the year ended 31 December 2023 to its parent company and Supplair UK Limited is now dormant.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
As part of the group reorganisation plan, on 01 May 2023, the Company’s trade and assets were transferred to its parent, Evertaste Limited. Since the transfer of trade and assets, the Company has remained dormant and there is the intention to have the Company wound up in due course. Accordingly, the going concern basis of accounting is not appropriate, and the financial statements have been prepared on a basis other than going concern. Any liquidation costs in the future would be incurred by the parent company and not recharged to the Company therefore no provisions have been made in the financial statements relating to the cost of winding down the business.
FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with, including notification of, and no objection to, the use of exemptions by the Company’s shareholders.
∙Section 4 ‘Statement of Financial Position’ — Reconciliation of the opening and closing number of shares
∙Section 7 ‘Statement of Cash Flows' — Presentation of a Statement of Cash Flow and related notes and disclosures
∙Section 11 ’Basic Financial Instruments’ & Section 12 ‘Other Financial Instrument Issues’ — Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income.
∙Section 33 ‘Related Party Disclosures' — Compensation for key management personnel.
The financial statements of the Company are consolidated in the financial statements of gategroup Holding AG, which is incorporated in Switzerland. The consolidated financial statements of gategroup Holding AG are available on the company’s webpage.
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