These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Polytan Sports Surfaces (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Polytan Sports Surfaces (UK) Ltd, Unit 3 Wymeswold Business Quarter, Wymeswold Lane, Burton-On-The-Wolds, Loughborough, LE12 5BS.

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 as applicable to companies subject to the small companies regime. 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 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.

The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At the balance sheet date its current liabilities exceeded its current assets by £225,600 (2023 - £629,019).

At the period end the cash position of the company was strong at £1,009,609 as the group permitted sufficient resources for at least the next 12 months to be retained. However due to liabilities to fellow group companies the company liabilities exceed its assets and therefore the company remains dependent on the support of the group. The director has obtained written confirmation of the group's intention to continue to support the company in this way and have satisfied themselves that the group is in a position to provide the anticipated further support.

Therefore, the director has a reasonable expectation that the company will be a going concern for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements.

Turnover relates to the company's main activity which is carried out in the United Kingdom, and is stated net of value added tax and trade discounts, representing the value of goods and services supplied by the company.

Revenue from contracts for the provision of materials and services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

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, 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.

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.

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, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the transaction 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.

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.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

The average monthly number of persons (including directors) employed by the company during the year was 5 (2023 - 3).

Preference shares have no fixed dividend or redemption right.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

During the year the company acquired goods and services from fellow group companies of £3,291,748 (2023 - £3,154,280). The company also made sales of goods and services to fellow group companies of £154,563 (2023 - £138,339).

The company's immediate holding company is Polytan GmbH, a company incorporated in Germany. Following its acquisition of Sport Group Topco GMbH, a company incorporated in Germany on 8 July 2024, Ace Holdings Coöperatief U.A. incorporated in the Netherlands became the ultimate parent entity. Ace Holdings Coöperatief U.A, prepares group accounts and copies can be obtained from the the registered office Honthorststraat 19, 3rd floor, 1071 DC, Ansterdam, the Netherlands.