Company registration number 11551829 (England and Wales)
TECHNICAL FIRE SAFETY GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TECHNICAL FIRE SAFETY GROUP LIMITED
COMPANY INFORMATION
Directors
N A Tilsley
M R Buxton
Company number
11551829
Registered office
International House
Millfield Lane
Haydock
Merseyside
WA11 9GA
Auditor
Azets Audit Services
Ship Canal House
98 King Street
Manchester
M2 4WU
TECHNICAL FIRE SAFETY GROUP LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 16
TECHNICAL FIRE SAFETY GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the year ended 31 December 2024.

Review of the business

Operating loss (pre-exceptional items) is £nil compared to the previous year of £nil.

Principal risks and uncertainties

The Board believes that any potential uncertainty in the macro-economic environment will be more than outweighed by the Group's significant investments for growth, including rapid growth in certification and significant international expansion. In terms of liquidity, interest rate and cash flow risk, the Group finances its operations through a mixture of retained profits and, where necessary, funds expansion or capital expenditure programs through support from our wider group. Management's objectives in this regard are to:

Funds are invested in sterling bank accounts with borrowings provided by svt Holding GmbH.

TECHNICAL FIRE SAFETY GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Section 172(1) of the Companies Act 2006

The Board of directors of Technical Fire Safety Group Limited consider, both individually and collectively, that they have acted in ways that they believe in good faith to be most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and other matters set out in s172(1) of the Act) in the decisions they made during the period ended 31 December 2024.

 

Our People

 

Our people are the foundation of our success. From front-facing technical sales support teams, to skilled manufacturing personnel, our people are experienced, dedicated, like-minded team players with the energy, drive and enthusiasm to be the very best at what they do. Many employees in the Group are long-serving and have grown with us on our journey - playing a fundamental role in the development of our culture of continual improvement and strong team working practices.

 

The Community & Environment

 

The Company's policy with regards to the environment is to ensure that we understand and effectively manage the actual and potential environmental impact of our activities, always striving to improve energy efficiency, waste reduction and levels of recycling across all our operations

 

Our Values

 

Our culture, values and standards underpin how we do business, creating and sustaining value over the longer term. Safety is at the heart of our business and everything we do. The Group provides the widest range of tested and certified fire safety glass products to the construction sector ensuring that architects, specifiers and installers achieve their vision of safe and beautiful living and working spaces. We work closely with our customers both nationwide and around the world through the provision of dedicated local support. From the point of order, through to delivery on site, our close-knit customer care network supports through good communication and a thorough understanding of our customers' needs. Our customers are important to us and we work hard to take care of them by establishing strong relationships that are based on reliability, reputation and trust. Globally the Group holds unrivalled levels of specialist industry experience and technical expertise. With over 30 years' experience in fire safety glass research, testing and development, the Group has a wealth of in-house knowledge and expertise in the science behind glass and interlayer technology.

 

Our Stakeholders

 

The Board are committed to developing and maintaining key stakeholder relationships, which includes our valued customers and suppliers. The Board always tries to ensure that it has visibility of these relationships at all times through effective periodic Board reporting and direct dialogue, such that it is able to take stakeholder considerations into account when it makes key decisions As the Board of Directors, our intention is always to behave responsibly and to ensure the business operates in a reasonable manner, adhering to high standards of business conduct and good governance. We recognise that the maintenance of our good reputation, founded on responsible behaviour, is fundamental to our continuing ability to achieve profit growth for the benefit of all our stakeholders in the future.

Other performance indicators

As Technical Fire Safety Group Limited does not actively trade there are no key performance indicators.

On behalf of the board

M R Buxton
Director
30 May 2025
TECHNICAL FIRE SAFETY GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company continued to be that of a holding company.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

N A Tilsley
M R Buxton
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

TECHNICAL FIRE SAFETY GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
On behalf of the board
M R Buxton
Director
30 May 2025
TECHNICAL FIRE SAFETY GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHNICAL FIRE SAFETY GROUP LIMITED
- 5 -
Opinion

We have audited the financial statements of Technical Fire Safety Group Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

TECHNICAL FIRE SAFETY GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHNICAL FIRE SAFETY GROUP LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

TECHNICAL FIRE SAFETY GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHNICAL FIRE SAFETY GROUP LIMITED
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

 

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

 

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Reddington
Senior Statutory Auditor
For and on behalf of Azets Audit Services
30 May 2025
Chartered Accountants
Statutory Auditor
Ship Canal House
98 King Street
Manchester
M2 4WU
TECHNICAL FIRE SAFETY GROUP LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
2024
2023
£
£
Profit before taxation
-
0
-
0
Tax on profit
-
0
-
0
Profit for the financial year
-
0
-
0

The profit and loss account has been prepared on the basis that all operations are continuing operations.

 

There was no other comprehensive income for 2024 (2023: £Nil)

 

TECHNICAL FIRE SAFETY GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
2,000
2,000
Current assets
Debtors
6
2,220,443
2,220,443
Net current assets
2,220,443
2,220,443
Net assets
2,222,443
2,222,443
Capital and reserves
Called up share capital
7
182
182
Share premium account
9
21,039
21,039
Capital contribution reserve
8
2,930,826
2,930,826
Profit and loss reserves
8
(729,604)
(729,604)
Total equity
2,222,443
2,222,443
The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
M R Buxton
Director
Company Registration No. 11551829
TECHNICAL FIRE SAFETY GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
Share capital
Share premium account
Capital contribution reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2023
182
21,039
2,930,826
(729,604)
2,222,443
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
-
-
0
-
0
Balance at 31 December 2023
182
21,039
2,930,826
(729,604)
2,222,443
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
-
0
-
0
Balance at 31 December 2024
182
21,039
2,930,826
(729,604)
2,222,443
TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
1
Accounting policies
Company information

Technical Fire Safety Group Limited is a private Company limited by shares and is incorporated in England and Wales. Its registered head office is located at International House, Millfield Lane, Haydock, Merseyside, WA11 9GA.

 

The principal activity of Technical Fire Safety Group Limited is that of a holding company.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Technical Fire Safety Group Limited is a wholly owned subsidiary of svt Holding GmbH and the results of Technical Fire Safety Group Limited are included in the consolidated financial statements of svt Holding GmbH which are available from Glüsinger Str. 86 21217, Seevetal, Niedersachsen.

TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -
1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company's trading entities have adequate resources to continue in operational existence for the foreseeable future. The company is dependent on the results of its subsidiaries in order to continue to meet the company's own liabilities as they fall due. true

 

In making their going concern assessment, in conjunction with other general risks noted above, the directors have considered updated internal financial forecasts and budgeted results for the new financial year for the trading subsidiaries. Furthermore, the directors have reviewed the assets of the business and do not believe that any impairments of value are necessary.

 

The directors have performed sensitivity analyses and modelled what they believe to be worst case scenarios, and these continue to shoe that there will be sufficient funds available to meet obligations as they fall due. Based on these analyses and accompanying cash projections, the directors believe that there are no reasons why the going concern convention should not be adopted.

1.3
Fixed asset investments

Investments in subsidiaries are initially measured at fair value which is the cost of the investment. Investments in subsidiaries are measured at cost less accumulated impairment.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities
Basic financial liabilities, including creditors and loans loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities

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

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. No significant estimates and judgements have been made to these financial statements.

TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2023: 2).

4
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
5
2,000
2,000
5
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Pluto Midco Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
100.00
-
Pluto Bidco Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Pyroguard UK Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Fire Glass UK Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Technical Fire Seals Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Pyroguard Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Pyroguard France SARL
Parc d'activities communautaire n01, 145 rue des Roseaux, 57455 Seingbouse
Ordinary
0
100.00
Pyroguard Netherlands BC
Luchthavenweg 81, Unit 125, 565 7EA Eindhoven
Ordinary
0
100.00
Sejal Fire Baan Private Limited
173/174 Sezal Encasa, S.V. Road, Kandavali (West), Mumbai, 400067
Ordinary
0
49.00
Mann McGowan Group Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Mann McGowan Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Mann McGowan Ventilation Products Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00
Mann McGowan Intumescents Limited
International House, Millfield Lane, Haydock, Merseyside, WA11 9GA
Ordinary
0
100.00

Post year end, Technical Fire Seals Limited, Pyroguard Limited and Mann McGowan Intumescents Limited were dissolved.

TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,210,443
2,210,443
Other debtors
10,000
10,000
2,220,443
2,220,443

Amounts owed by group undertakings are interest free and repayable on demand.

7
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
2,000
2,000
20
20
Ordinary B shares of 1p each
657
657
7
7
Ordinary C shares of 1p each
8,899
8,899
89
89
Ordinary D shares of 10p each
665
665
66
66
12,221
12,221
182
182

Ordinary A & D have voting rights which rank pari passu.

 

Ordinary A, B, C & D shares rank pari passu in relation to dividends.

8
Reserves
Share premium

Represents premiums received on issue of share capital above the nominal par value. Any transaction costs associated with the issuing of shares are deducted from share premium.

Capital contribution reserve

The capital contribution reserve represents additional investment by the parent company, svt Holdings GmbH.

Profit and loss reserves
Includes the current and prior period retained losses.
9
Related party transactions

The Company has taken advantage of the exemption under FRS 102 (section 33) Related Party Disclosure and has not disclosed transactions with group companies.

TECHNICAL FIRE SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
10
Ultimate controlling party

svt Holding GmbH is the immediate parent company of Techincal Fire Safety Group Limited and is a company incorporated in Germany. Its registered office is Glüsinger Str. 86 21217, Seevetal, Niedersachsen.

 

The smallest group of undertakings for which consolidated financial statements have been drawn up is that headed by svt Holding GmbH. Copies of the consolidated financial statements of the group can be obtained from the registered address of svt Holding GmbH, Glusinger Str. 86 21217, Seevetal, Niedersachsen Germany.

 

The directors consider the ultimate parent undertaking and controlling party of the company to be Apheon svt LTVF SCSp, a company registered in Luxembourg.

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