G-Rack Holdings Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13468232 (England and Wales)

Financial Statements

for the Period

21 June 2021 to 31 December 2021

for

G-Rack Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C F Gamon

REGISTERED OFFICE:

100 Avebury Boulevard

Milton Keynes

MK9 1FH

REGISTERED NUMBER:

13468232 (England and Wales)

SENIOR STATUTORY AUDITOR:

Caroline Peverett BA FCA

AUDITORS:

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Investments

5

6,342,725

TOTAL ASSETS LESS CURRENT LIABILITIES

6,342,725

CAPITAL AND RESERVES

Called up share capital

6

100

Other reserves

6,342,625

SHAREHOLDERS' FUNDS

6,342,725

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 11 January 2024 and were signed by:

C F Gamon - Director

1.	STATUTORY INFORMATION

G-Rack Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about G-Rack Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

6,342,725

At 31 December 2021

6,342,725

NET BOOK VALUE

At 31 December 2021

6,342,725

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

100

Share capital 1

£1

100

100 Ordinary shares shares of £1 each were allotted at par during the period.

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)

for and on behalf of Tuerner Audit Limited

8.	PARENT COMPANY

The parent of the smallest group into which the company's accounts are consolidated is the ultimate parent of the group, Razor Group GmbH, whose address is Prinzessinnenstraße 20, 10969, Berlin, Germany.

9.	OTHER RESERVES

G-Rack Holdings Ltd applied the provisions for Merger Relief under Section 612 of the Companies Act 2006. The company has accounted for the cost of investment in its subsidiary at a fair value of £6,342,725. The corresponding credit created a Merger Relief Reserve.