Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01false22truetrue 11948149 2022-12-31 11948149 2023-01-01 2023-12-31 11948149 2022-01-01 2022-12-31 11948149 2023-12-31 11948149 c:Director3 2023-01-01 2023-12-31 11948149 d:CurrentFinancialInstruments 2023-12-31 11948149 d:CurrentFinancialInstruments 2022-12-31 11948149 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11948149 c:OrdinaryShareClass1 2023-12-31 11948149 c:OrdinaryShareClass1 2022-12-31 11948149 c:FRS102 2023-01-01 2023-12-31 11948149 c:Audited 2023-01-01 2023-12-31 11948149 c:FullAccounts 2023-01-01 2023-12-31 11948149 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11948149 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11948149 4 2023-01-01 2023-12-31 11948149 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11948149









Hoffmaster UK Buyco Limited









Directors' Report and Financial Statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Hoffmaster UK Buyco Limited
Registered number: 11948149

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,076,144

Net assets
  
-
1,076,144


Capital and reserves
  

Called up share capital 
 5 
1
1,125,600

Profit and loss account
 6 
(1)
(49,456)

Equity attributable to owners of the parent Company
  
-
1,076,144


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A Holt
Director

Date: 20 February 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Hoffmaster UK Buyco Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

1.


General information

Hoffmaster UK Buyco Limited is a private company limited by share capital and incorporated in England and Wales, the company number is 11948149. The address of the registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The directors have assessed the company's ability to continue as a going concern in accordance with FRS 102. However, given the company's current financial position and the decision to proceed with liquidation, the going concern assumption is not applicable. The financial statements have been prepared on the basis that the company will be liquidated, and its assets will be realised and distributed to creditors in accordance with the applicable legal and regulatory requirements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
Hoffmaster UK Buyco Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Debtors

Company
Company
2023
2022
£
£


Amounts owed by group undertakings
-
654,521

Other debtors
-
421,623

-
1,076,144



5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1,125,600) Ordinary share of £1.00
1
1,125,600

During the year, the Company has reduced its share capital by 1,125,599 shares.



6.


Reserves

Profit and loss account
The profit and loss account represents accumulated profits and losses since incorporation, net of dividends paid.

Page 3

 
Hoffmaster UK Buyco Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

7.


Controlling party

Hoffmaster Group Inc (Wisconsin USA) is the ultimate parent undertaking and its registered office is 2920 N Main St, Oshkosh, WI 54901, United States.


8.


Auditors' information

The auditors' report on the financial statements for the Year ended 31 December 2023 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Emphasis of matter – financial statements prepared on a basis other than going concern
We draw attention to Note 2.2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.2. Our opinion is not modified in respect of this matter.

The audit report was signed on 21 February 2024 by Chris Stewardson (senior statutory auditor) on behalf of Hurst Accountants Limited.

 
Page 4