ACCOUNTT - Final Accounts

Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 12327309

LEMKES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

LEMKES LIMITED

REGISTERED NUMBER: 12327309

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		€		€


Current assets
Debtors: amounts falling due within one year	4	883,189		303,061
Cash at bank and in hand		641,212		1,596,285
		1,524,401		1,899,346
Creditors: amounts falling due within one year	5	(2,258,668)		(2,274,212)
Net current liabilities			(734,267)		(374,866)

Net liabilities			(734,267)		(374,866)

Capital and reserves
Called up share capital	7	21,060	21,060
Profit and loss account		(755,327)	(395,926)
		(734,267)	(374,866)

The financial statements have been prepared 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 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 income and retained earnings 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 by:

Cornelis Van der Meij

Director

Date: 30 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

LEMKES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Lemkes Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Dianthus Business Park, Common Lane Unit 10, Newport, North Humberside, HU15 2FT. Its registered number is 12327309.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Functional and presentation currency

The company's functional and presentational currency is the Euro.

2.3

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.

2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Finance costs

Finance costs are charged to profit or loss 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 2

LEMKES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Debtors

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

2.8

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.

2.9

Creditors

Short term creditors are measured at the transaction price.

Page 3

LEMKES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Debtors

					2024	2023
					€	€


Trade debtors	540,503	144,307
Other debtors	753	2,460
Prepayments and accrued income	65,839	-
Deferred taxation	276,094	156,294
	883,189	303,061

5.	Creditors: Amounts falling due within one year
		2024	2023
		€	€

Trade creditors	45,412	65,765
Amounts owed to group undertakings	1,873,304	2,094,918
Other taxation and social security	158,908	45,682
Other creditors	4,153	-
Accruals and deferred income	176,891	67,847
	2,258,668	2,274,212

6.	Deferred taxation

		2024
		€

	At beginning of year	156,294
	Charged to profit or loss	119,800
	At end of year	276,094

Page 4

LEMKES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.Deferred taxation (continued)

The deferred tax asset is made up as follows:
	2024	2023
	€	€

Tax losses carried forward

276,094

156,294

7.	Share capital
		2024	2023
		€	€

Allotted, called up and fully paid

18,000 (2023 - 18,000) Ordinary shares of £1 each	21,060	21,060

Not later than 1 year	371,904	371,904
Later than 1 year and not later than 5 years	1,487,616	1,487,616
Later than 5 years	991,744	1,363,648
	2,851,264	3,223,168

9.	Related party transactions
	Transactions with wholly owned group companies are not disclosed by virtue of the exemption claimed under FRS 102 Section 1AC.35.

10.	Controlling party

The ultimate parent company in the current and preceding year is Green Sparkle BV, a company incorporated in the Netherlands. The company is included in the consolidated accounts prepared by Green Sparkle BV and copies of those accounts can be obtained from the parent company's registered office.

Page 5

LEMKES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Graham Wallace (senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

Page 6