Berec Overseas Investments Limited Company Accounts

BEREC OVERSEAS INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 1352433

Berec Overseas Investments Limited

Unaudited Financial Statements

30 September 2016

PRICEWATERHOUSECOOPERS LLP

Chartered accountant

Uxbridge

Berec Overseas Investments Limited

Financial Statements

Year ended 30 September 2016

Contents	Page

Directors' report	1

Statement of comprehensive income	2

Statement of financial position	3

Notes to the financial statements	4

Berec Overseas Investments Limited

Directors' Report

Year ended 30 September 2016

The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2016 .

The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year. It is anticipated that the company will remain dormant for the foreseeable future.

Directors

The directors who served the company during the year were as follows:

Mr B Hamm
Mrs E Boss
Mr M LaVigne

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 May 2017 and signed on behalf of the board by:

Mr B Hamm

Director

Registered office:

Sword House

Totteridge Road

High Wycombe

Bucks

England

HP13 6DG

Berec Overseas Investments Limited

Statement of Comprehensive Income

Year ended 30 September 2016

	2016	2015
Note	£000	£000

Administrative expenses	–	( 1)
	----	----
Operating loss	–	( 1)

	----	----
Loss on ordinary activities before taxation	–	( 1)

Tax on loss on ordinary activities	–	–
	----	----
Loss for the financial year and total comprehensive income	–	( 1)
	----	----

All the activities of the company are from continuing operations.

There are no material differences between the loss on ordinary activities before taxation and the loss for the financial year stated above and their historical cost equivalents.

No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.

Berec Overseas Investments Limited

Statement of Financial Position

30 September 2016

	2016		2015
Note	£000	£000	£000

Fixed assets

Investments	4		594	594

Current assets

Debtors	5	289		289
		----		----
Net current assets			289	289
			----	----
Total assets less current liabilities			883	883
			----	----

Capital and reserves

Profit and loss account	10	883	883
		----	----
Members funds		883	883
		----	----

For the year ending 30 September 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of directors and authorised for issue on 19 May 2017 , and are signed on behalf of the board by:

Mr B Hamm

Director

Company registration number: 1352433

Berec Overseas Investments Limited

Notes to the Financial Statements

Year ended 30 September 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sword House, Totteridge Road, High Wycombe, Bucks, HP13 6DG, England.

2. Statement of compliance

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements contain information about Berec Overseas Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The results of the company and its subsidiaries are included in the consolidated financial statements of Energizer Holdings Inc., a company incorporated in the USA. The company considers those accounts, prepared under US Generally Accepted Accounting Practices, to be equivalent to the requirements of the 7th EU Directive in all material respects and have therefore taken advantage of Companies Act 2006 section 401, and not prepared consolidated financial statements. These financial statements have been prepared on a going concern basis due to the continuing financial support provided by the ultimate parent company. The following accounting policies have been applied consistently throughout the year in dealing with items which are considered material in relation to the company's financial statements.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Energizer Holdings Inc., which can be obtained from Investor relations, Energizer Holdings Inc., 533 Maryville University Drive, St Louis, MO 63141, USA. As such, advantage has been taken of the following disclosure exemptions: - from the requirement to prepare a statement of cash flows as required by paragraph 3.17(d) of FRS 102; - from the requirement to disclose the key management personnel compensation in total as required by paragraph 33.7 of FRS 102; - from the requirement to present a reconciliation of the number of shares outstanding at the beginning and end of the period as required by paragraph 4.12(a)(iv) of FRS 102;and - from the requirement to present certain financial instrument disclosures, as required by sections 11 and 12 of FRS 102.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.

Investments

Investments are valued at cost less any provision for impairment. Investment value impairment reviews are carried out annually.

4. Investments

	Shares in group undertakings
	£000
Cost
At 1 Oct 2015 and 30 Sep 2016	594
	----
Impairment
At 1 Oct 2015 and 30 Sep 2016	–
	----

Carrying amount
At 30 September 2016	594
	----

Subsidiaries, associates and other investments

	Country of incorporation	Class of share	Percentage of shares held
Subsidiary undertakings
Energizer Ireland Limited	Republic of Ireland	Ordinary	99.9
		Preference	99

The directors believe that the carrying value of the investment is supported by its underlying net assets

5. Debtors

	2016	2015
	£000	£000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	289	289
	----	----

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6. Called up share capital

Issued, called up and fully paid

	2016		2015
	No.	£000	No.	£000
Ordinary shares of £ 1 each	100	–	100	–
	----	----	----	----

7. Controlling party

The company's immediate parent is Energizer UK Limited , a company registered in England and Wales. The company's ultimate parent company and controlling party is Energizer Holdings Inc ., a US company incorporated in the state of Missouri. The parent undertaking of the smallest and largest group for which accounts are drawn up and of which the company is a member is Energizer Holdings Inc ., incorporated in the USA. Copies of Energizer Holdings Inc. accounts can be obtained from Investor Relations, Energizer Holdings Inc., 533 Maryville University Drive, St Louis, MO 63141, USA .

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2014.

No transitional adjustments were required in equity or profit or loss for the year.