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REGISTERED NUMBER: 10599025 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

GERRITSEN GROUP UK LIMITED

GERRITSEN GROUP UK LIMITED (REGISTERED NUMBER: 10599025)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


GERRITSEN GROUP UK LIMITED (REGISTERED NUMBER: 10599025)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 2,315,677 -

CURRENT ASSETS
Debtors 5 945,695 -
Cash at bank 935 100
946,630 100
CREDITORS
Amounts falling due within one year 6 (1,177,528 ) -
NET CURRENT (LIABILITIES)/ASSETS (230,898 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,084,779

100

CREDITORS
Amounts falling due after more than one
year

7

(90,278

)

-
NET ASSETS 1,994,501 100

CAPITAL AND RESERVES
Called up share capital 150 100
Share premium 449,970 -
Retained earnings 1,544,381 -
1,994,501 100

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by:





W J Gerritsen - Director


GERRITSEN GROUP UK LIMITED (REGISTERED NUMBER: 10599025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

Gerritsen Group UK Limited is a private company, limited by shares in England and Wales. The company's registered number is 10599025 and its registered office is 5 Brooklands Place, Brooklands Road, Sale, England, M33 3SD.

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.

Preparation of consolidated financial statements
The financial statements contain information about Gerritsen Group Uk Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Gerritsen Group Bv, KvK's Business Register, Netherlands.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GERRITSEN GROUP UK LIMITED (REGISTERED NUMBER: 10599025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The directors consider that the company has sufficient working capital to enable it to continue to trade and meet its liabilities as they fall due for at least the next twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the period ended 31 December 2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,315,677
At 31 December 2024 2,315,677
NET BOOK VALUE
At 31 December 2024 2,315,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 912,843 -
Prepayments 32,852 -
945,695 -

GERRITSEN GROUP UK LIMITED (REGISTERED NUMBER: 10599025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 83,333 -
Trade creditors 1,441 -
Amounts owed to group undertakings 998,796 -
Social security and other taxes 6,559 -
VAT 61,399 -
Accrued expenses 26,000 -
1,177,528 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 90,278 -

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Gerritsen Group Bv.

The smallest and largest group of which Gerritsen Group (UK) Limited is a member and for which consolidated financial statements are prepared is Gerritsen Group Bv. Copies of the consolidated accounts can be obtained from KvK's Business Register, Netherlands.