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REGISTERED NUMBER: SC385987 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Haus Werk Limited

Haus Werk Limited (Registered number: SC385987)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Haus Werk Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W J H Walters
C McBain



REGISTERED OFFICE: 61A Queen Street
Edinburgh
EH2 4NA



REGISTERED NUMBER: SC385987 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: Royal Bank of Scotland
Edinburgh St Andrew Square Branch
36 St Andrew Square
Edinburgh
EH2 2DA

Haus Werk Limited (Registered number: SC385987)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 19,654 317

CURRENT ASSETS
Debtors 5 22,563 14,002
Cash at bank 84,523 119,344
107,086 133,346
CREDITORS
Amounts falling due within one year 6 34,310 44,158
NET CURRENT ASSETS 72,776 89,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,430

89,505

CREDITORS
Amounts falling due after more than one year 7 (39,395 ) (35,206 )

PROVISIONS FOR LIABILITIES 9 (3,734 ) (60 )
NET ASSETS 49,301 54,239

CAPITAL AND RESERVES
Called up share capital 10 165 165
Share premium 11 25,935 25,935
Retained earnings 11 23,201 28,139
SHAREHOLDERS' FUNDS 49,301 54,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





W J H Walters - Director


Haus Werk Limited (Registered number: SC385987)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Haus Werk Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes. Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 25% per annum
Fixture and fittings 25% per annum
Computer equipment 33.33% per annum
Motor vehicles 25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Haus Werk Limited (Registered number: SC385987)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Exception from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

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 balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 June 2022 4,815 233 7,667 12,715
Additions 26,205 - - 26,205
Disposals (4,815 ) (233 ) (5,473 ) (10,521 )
At 31 May 2023 26,205 - 2,194 28,399
DEPRECIATION
At 1 June 2022 4,815 233 7,350 12,398
Charge for year 6,551 - 317 6,868
Eliminated on disposal (4,815 ) (233 ) (5,473 ) (10,521 )
At 31 May 2023 6,551 - 2,194 8,745
NET BOOK VALUE
At 31 May 2023 19,654 - - 19,654
At 31 May 2022 - - 317 317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade debtors 21,594 13,381
Other debtors 969 621
22,563 14,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Hire purchase contracts (see note 8) 5,528 -
Trade creditors 9,391 17,120
Taxation and social security 8,003 10,024
Other creditors 11,388 17,014
34,310 44,158

Haus Werk Limited (Registered number: SC385987)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£ £
Hire purchase contracts (see note 8) 13,255 -
Other creditors 26,140 35,206
39,395 35,206

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£ £
Net obligations repayable:
Within one year 5,528 -
Between one and five years 13,255 -
18,783 -

Non-cancellable
operating leases
31.5.23 31.5.22
£ £
Within one year 9,742 7,848
Between one and five years 7,973 7,153
17,715 15,001

9. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£ £
Deferred tax 3,734 60

Deferred tax
£
Balance at 1 June 2022 60
Provided during year 3,674
Balance at 31 May 2023 3,734

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £ £
16,500 Ordinary £0.01 165 165

Haus Werk Limited (Registered number: SC385987)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 June 2022 28,139 25,935 54,074
Profit for the year 342 342
Dividends (5,280 ) (5,280 )
At 31 May 2023 23,201 25,935 49,136

12. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the year end were as follows:

During the year, total dividends of £5,280 (2022: £5,280) were paid to the directors.






Related Party





Transaction

Amount
received /
(paid) in
year to
31.5.23

Amount
received /
(paid) in
year to
31.5.22
Balance
(payable to) /
receivable
from related
party as at
31.5.23
Balance
(payable to) /
receivable
from related
party as at
31.5.22
£ £ £ £

(1) Saltouns Limited Sales 75,292 76,236 11,937 3,925
Commission (7,872) (7,872) - -

(2) The Flat Company Limited Sales 231,575 166,214 4,963 8,336
Commission (22,070) (19,593) - -
Intercompany loan 22 (22) - (22)
Administration services (6,000) (13,000) (5,500) (15,600)
Professional services (13,635) (12,010) - -
Dividends (800) (800) - -

(3) Nonge Limited Professional services - - - -

(4) The Flat Company
(Investments) Limited

Maintenance Work

(1,497)

(4,205)

-


(1) One of the directors is a director and shareholder of Saltouns Limited.

(2) One of the directors is a director and shareholder of The Flat Company Limited.

(3) One of the directors is a director and shareholder of Nonge Limited.

(4) One of the directors is a director and shareholder of The Flat Company (Investments) Limited.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling interest.