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Company Registration No. 10267606 (England and Wales)
Passion AG Global Ltd Unaudited accounts for the year ended 31 December 2024
Passion AG Global Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Passion AG Global Ltd Company Information for the year ended 31 December 2024
Directors
Mr S Wigley Mrs R Wigley
Company Number
10267606 (England and Wales)
Registered Office
23 Woodsgate Way Pembury Tunbridge Wells Kent TN2 4NJ
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Passion AG Global Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
24,248 
8,514 
Investments
5
22,820 
22,820 
47,068 
31,334 
Current assets
Inventories
126,067 
296,687 
Debtors
6
1,476,248 
1,862,466 
Cash at bank and in hand
66,461 
26,668 
1,668,776 
2,185,821 
Creditors: amounts falling due within one year
7
(1,436,018)
(1,941,744)
Net current assets
232,758 
244,077 
Total assets less current liabilities
279,826 
275,411 
Creditors: amounts falling due after more than one year
8
(67,101)
(91,663)
Provisions for liabilities
Deferred tax
9
(4,441)
(3,879)
Net assets
208,284 
179,869 
Capital and reserves
Called up share capital
10
100 
100 
Profit and loss account
208,184 
179,769 
Shareholders' funds
208,284 
179,869 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Mr S Wigley Director Company Registration No. 10267606
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Passion AG Global Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Passion AG Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 10267606. The registered office is 23 Woodsgate Way, Pembury, Tunbridge Wells, Kent, TN2 4NJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line basis
Computer equipment
25% Straight line basis
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
17,732 
- 
17,732 
Additions
23,500 
778 
24,278 
At 31 December 2024
41,232 
778 
42,010 
Depreciation
At 1 January 2024
9,218 
- 
9,218 
Charge for the year
7,998 
546 
8,544 
At 31 December 2024
17,216 
546 
17,762 
Net book value
At 31 December 2024
24,016 
232 
24,248 
At 31 December 2023
8,514 
- 
8,514 
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Passion AG Global Ltd Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
22,820 
Valuation at 31 December 2024
22,820 
An Investment was made into a Brazilian entity in 2023.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,865 
(3,737)
Trade debtors
534,379 
312,803 
Amounts due from group undertakings etc.
885,740 
1,523,772 
Accrued income and prepayments
21,475 
10,260 
Other debtors
16,422 
19,368 
1,462,881 
1,862,466 
Amounts falling due after more than one year
Other debtors
13,367 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
39,680 
51,203 
Trade creditors
967,804 
602,337 
Amounts owed to group undertakings and other participating interests
- 
1,124,628 
Taxes and social security
38,186 
25,319 
Other creditors
303,594 
36,596 
Loans from directors
3,221 
4,521 
Accruals
83,533 
97,140 
1,436,018 
1,941,744 
Included in the balance sheet are financial commitments of £299,908 (2023 - £36,565). An agreement in January 2020, relating to invoice factoring, for working capital purposes, was signed with HSBC Invoice Finance UK Ltd, for which both a fixed and floating charge has been registered with Companies House. The agreement specifies HSBC Invoice Finance UK Ltd, has a fixed and floating charge over the current and future assets of the company.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
67,101 
91,663 
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Passion AG Global Ltd Notes to the Accounts for the year ended 31 December 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,441 
3,879 
2024 
2023 
£ 
£ 
Provision at start of year
3,879 
3,782 
Charged to the profit and loss account
562 
97 
Provision at end of year
4,441 
3,879 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Transactions with related parties
During the year transactions passed Group or Associated companies, with the year end balances as follows: Passion Ag Inc Assc £446,755 (2023) -£871,577 Passion Ag EU Assc £63,441 (2023) £1,305,173 Passion Ag Ltd Group £169,444 (2023) £77,160 Shavings Innovations Ltd Group £206,000 (2023) £133,848 Soil Biology Ltd Assc (2023) £7,491 Passion AG Holdings Ltd Group £100 (2023) £100 Soil Biology Ltd Assc (2023) Realistic Agri Ltd Assc (2023) -£253,052
12
Controlling party
Shavings Innovations Ltd is the ultimate parent company, whose registered number and office is 09074989 23 Woodsgate Way Pembury Tunbridge Wells Kent TN2 4NJ
13
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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