Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true4falsetrue2024-01-01No description of principal activity4false 04145242 2024-01-01 2024-12-31 04145242 2023-01-01 2023-12-31 04145242 2024-12-31 04145242 2023-12-31 04145242 c:Director6 2024-01-01 2024-12-31 04145242 d:CurrentFinancialInstruments 2024-12-31 04145242 d:CurrentFinancialInstruments 2023-12-31 04145242 d:ShareCapital 2024-12-31 04145242 d:ShareCapital 2023-12-31 04145242 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 04145242 d:RetainedEarningsAccumulatedLosses 2024-12-31 04145242 d:RetainedEarningsAccumulatedLosses 2023-12-31 04145242 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04145242 c:OrdinaryShareClass1 2024-12-31 04145242 c:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 04145242 c:FRS102 2024-01-01 2024-12-31 04145242 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04145242 c:FullAccounts 2024-01-01 2024-12-31 04145242 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04145242 2 2024-01-01 2024-12-31 04145242 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04145242









SUPPLAIR UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SUPPLAIR UK LIMITED
REGISTERED NUMBER: 04145242

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024


2024

2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
 8 
-
-

  
2
2


For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2025.




A W Guido Vogt
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

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

 
2.1

Basis of preparation of financial statements

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.

  
2.2

Going concern

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.

  
2.3

Reduced disclosures

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.

Page 2

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational 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. Non-monetary 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 the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 3

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 revenue 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.

 
2.6

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

Page 4

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in the Statement of comprehensive income 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.


 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

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

Page 5

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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 found, an impairment loss is recognised in the Statement of comprehensive income.
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. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£



Fees payable to the Company's auditors for the audit of the Company's
financial statements
-
5,600


5.


Employees and Directors

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
The company has recharged employee costs of £Nil
 (2023 - £0.6m) from other group companies.
The Directors received emoluments from other group companies and their emoluments are included in the financial statements of those companies. The Directors are Directors of a number of gategroup Holding AG group companies and it is not possible to make an accurate apportionment of their emoluments in respect of each of the group companies. Accordingly, the staff costs include only costs which are directly borne by or recharged to the company in relation to these payments to the Directors.


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2
2

2
2


Amounts owed by group undertakings are payable on demand and are non-interest bearing, apart from short-term inter-company cash-pooling arrangements which incur an interest calculated as a daily base rate.

Page 7

 
SUPPLAIR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2  Ordinary shares of £1 each
2
2



8.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


9.


Controlling party

The Directors regard the company’s ultimate parent company and controlling party at 31 December 2024 to be gategroup Holding AG, incorporated in Switzerland.
The smallest and largest group in which the results of the company for the year ended 31 December 2024  were consolidated was that headed by gategroup Holding AG.
The immediate parent company is Evertaste Limited, a company incorporated in England and Wales.
 
Page 8