Texprint Surfacing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07976247 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Texprint Surfacing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A E Powell

REGISTERED OFFICE:

Albert House

6 Cloister Way

Ellesmere Port

Cheshire

CH65 4EL

REGISTERED NUMBER:

07976247 (England and Wales)

AUDITORS:

Haines Watts Liverpool Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

4

3,700,052

3,786,368

CURRENT ASSETS

Debtors

5

143,549

116,116

Cash at bank

35,817

80,976

179,366

197,092

CREDITORS

Amounts falling due within one year

6

585,917

508,932

NET CURRENT LIABILITIES

(406,551

)

(311,840

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,293,501

3,474,528

CREDITORS

Amounts falling due after more than one year

7

427,000

827,000

NET ASSETS

2,866,501

2,647,528

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

2,866,499

2,647,526

SHAREHOLDERS' FUNDS

2,866,501

2,647,528

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:

A E Powell - Director

1.	STATUTORY INFORMATION

Texprint Surfacing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 £.

Critical accounting judgements and key sources of estimation uncertainty

There are no key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Other operating income

Other operating income comprises rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.

Freehold property - 2%/4%/25% on cost

Freehold land is not depreciated.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

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.

Creditors

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

Financial instruments

The group only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and directors loan accounts (being repayable on demand).

Freehold property

Freehold land and buildings, being items which are rented to other group entities, are held under the cost model.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

4,356,782

Additions

18,000

At 31 December 2024

4,374,782

DEPRECIATION

At 1 January 2024

570,414

Charge for year

104,316

At 31 December 2024

674,730

NET BOOK VALUE

At 31 December 2024

3,700,052

At 31 December 2023

3,786,368

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

68,657

116,114

Other debtors

72,745

2

Prepayments and accrued income

2,147

-

143,549

116,116

Amounts owed from group undertakings are unsecured and bare quarterly interests at an average rate of 1.2% or are interest free.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

400,000

Tax

150,069

73,612

VAT

29,994

29,700

Accrued expenses

5,854

5,620

585,917

508,932

Amounts owed to group undertakings are unsecured and bare quarterly interests at an average rate of 1.2% or are interest free.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

427,000

827,000

Amounts owed to group undertakings are unsecured and bare quarterly interests at an average rate of 1.2% or are interest free.

8.	CALLED UP SHARE CAPITAL

Called up share capital - Represents the nominal value of shares that have been issued.

9.

RESERVES

Retained earnings - Includes all current and prior period retained profits and losses.

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

The Report of the Auditors was unqualified.

Timothy Cherry, FCCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Liverpool Limited

11.	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.

12.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The immediate parent undertaking of the company is Hitex Holdings Limited, a company incorporated in England and Wales.

On 25 October 2021 Swarco AG purchased the entire share capital of Hitex Holdings Limited. Following this, MS Management GmbH, a company incorporated in Austria became the ultimate parent company. Swarco AG is the only group of undertakings to consolidate these financial statements at 31 December 2024. The address is below;

SWARCO AG

Blattenwaldweg 8

6112 Wattens

Austria

The ultimate controlling party is the board of directors of MS Management GmbH by virtue of their shareholdings.