Silverfin false 31/12/2021 31/12/2021 01/01/2021 Dr Jochen Hanselmann 27/10/2020 12 August 2022 The principal activity of the Company during the financial year was management consultancy services. 12976773 2021-12-31 12976773 bus:Director1 2021-12-31 12976773 core:CurrentFinancialInstruments 2021-12-31 12976773 core:CurrentFinancialInstruments 2020-12-31 12976773 2020-12-31 12976773 core:ShareCapital 2021-12-31 12976773 core:ShareCapital 2020-12-31 12976773 core:RetainedEarningsAccumulatedLosses 2021-12-31 12976773 core:RetainedEarningsAccumulatedLosses 2020-12-31 12976773 core:ImmediateParent core:CurrentFinancialInstruments 2021-12-31 12976773 core:ImmediateParent core:CurrentFinancialInstruments 2020-12-31 12976773 core:ParentEntities 2021-12-31 12976773 core:ParentEntities 2020-12-31 12976773 core:ImmediateParent 2021-12-31 12976773 core:ImmediateParent 2020-12-31 12976773 2021-01-01 2021-12-31 12976773 bus:FullAccounts 2021-01-01 2021-12-31 12976773 bus:SmallEntities 2021-01-01 2021-12-31 12976773 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 12976773 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12976773 bus:Director1 2021-01-01 2021-12-31 12976773 2020-10-27 2020-12-31 iso4217:GBP xbrli:pure

Company No: 12976773 (England and Wales)

HANSELMANN & COMPAGNIE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

HANSELMANN & COMPAGNIE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

HANSELMANN & COMPAGNIE LTD

COMPANY INFORMATION

For the financial year ended 31 December 2021
HANSELMANN & COMPAGNIE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTOR Dr Jochen Hanselmann
REGISTERED OFFICE 9b
Innovation Centre Technology Park
Gallows Hill
Warwick
Warwickshire
United Kingdom
CV34 6UW
United Kingdom
COMPANY NUMBER 12976773 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
1-3 College Yard
Worcester
WR1 2LB
HANSELMANN & COMPAGNIE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
HANSELMANN & COMPAGNIE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 31.12.2021 31.12.2020
£ £
Current assets
Debtors 1,227,364 618,346
Cash at bank and in hand 246,127 0
1,473,491 618,346
Creditors
Amounts falling due within one year 3 ( 1,202,228) ( 573,778)
Net current assets 271,263 44,568
Total assets less current liabilities 271,263 44,568
Net assets 271,263 44,568
Capital and reserves
Called-up share capital 100 100
Profit and loss account 271,163 44,468
Total shareholder's funds 271,263 44,568

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hanselmann & Compagnie Ltd (registered number: 12976773) were approved and authorised for issue by the Director on 12 August 2022. They were signed on its behalf by:

Dr Jochen Hanselmann
Director
HANSELMANN & COMPAGNIE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
HANSELMANN & COMPAGNIE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Hanselmann & Compagnie Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9b, Innovation Centre Technology Park, Gallows Hill, Warwick, Warwickshire, United Kingdom, CV34 6UW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
31.12.2021
Period from
27.10.2020 to
31.12.2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Creditors: amounts falling due within one year

31.12.2021 31.12.2020
£ £
Trade creditors 188,802 0
Amounts owed to Group undertakings (note 4) 8,524 0
Amounts owed to Parent undertakings (note 4) 823,556 457,924
Accruals 2,001 2,296
Corporation tax 53,175 10,500
Other taxation and social security 126,170 103,058
1,202,228 573,778

4. Related party transactions

Transactions with group companies

Amounts owed to Group undertakings

31.12.2021 31.12.2020
£ £
Amounts owed to HCIE Kft 8,524 0

Amounts owed to Parent undertakings

31.12.2021 31.12.2020
£ £
Amounts owed to HCIE GmbH 823,556 457,924