Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312truetruefalseNo description of principal activity2023-01-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04260683 2023-01-01 2023-12-31 04260683 2022-01-01 2022-12-31 04260683 2023-12-31 04260683 2022-12-31 04260683 c:Director1 2023-01-01 2023-12-31 04260683 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04260683 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 04260683 d:CurrentFinancialInstruments 2023-12-31 04260683 d:CurrentFinancialInstruments 2022-12-31 04260683 d:Non-currentFinancialInstruments 2023-12-31 04260683 d:Non-currentFinancialInstruments 2022-12-31 04260683 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04260683 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04260683 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04260683 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04260683 d:ShareCapital 2023-12-31 04260683 d:ShareCapital 2022-12-31 04260683 d:ForeignCurrencyTranslationReserve 2023-12-31 04260683 d:ForeignCurrencyTranslationReserve 2022-12-31 04260683 d:RetainedEarningsAccumulatedLosses 2023-12-31 04260683 d:RetainedEarningsAccumulatedLosses 2022-12-31 04260683 c:FRS102 2023-01-01 2023-12-31 04260683 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04260683 c:FullAccounts 2023-01-01 2023-12-31 04260683 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04260683 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

04260683







QIMIQ UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2023

































QIMIQ UK LIMITED
REGISTERED NUMBER:04260683

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

  

Current assets
  

Stocks
  
15,079
19,769

Debtors: amounts falling due within one year
 6 
206,446
274,340

  
221,525
294,109

Creditors: amounts falling due within one year
 7 
(395,552)
(372,474)

Net current liabilities
  
 
 
(174,027)
 
 
(78,365)

Total assets less current liabilities
  
(174,027)
(78,365)

Creditors: amounts falling due after more than one year
 8 
(1,819,936)
(2,021,212)

  

Net liabilities
  
(1,993,963)
(2,099,577)


Capital and reserves
  

Called up share capital 
  
65,193
65,193

Foreign exchange reserve
  
(10,103)
(10,103)

Profit and loss account
  
(2,049,053)
(2,154,667)

  
(1,993,963)
(2,099,577)


Page 1

QIMIQ UK LIMITED
REGISTERED NUMBER:04260683
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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: 


N. Haindl
Director

Date: 23 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

QIMIQ UK LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

QimiQ UK Limited (the company) is a limited company domiciled and incorporated in England and Wales.
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS.
The address of its place of business is Lettlweg 5, A-5322, Hof bel Salzburg.

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
Monetary amounts in these financial statements are stated in Euros and rounded to the nearest whole €1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the basis that the company will continue in operational existence for the foreseeable future.  This means, in particular, that the profit and loss account and balance sheet assume no intention or necessity to liquidate or curtail significantly the scale of the operations. 
The financial statements have been prepared on this basis given the continuing support of the group.
The directors have considered the ongoing support received from the wider group. Having taken into account all available information about the company’s trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the company is a going concern.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is measured at the fair value of the consideration received or receivable.
Revenue from the sale and distribution of cream and dairy based products is recognised at the date of invoicing the customer.

 
2.4

Patents

Patents are valued at cost less accumulated amortisation.  Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful life of 15 years.

Page 3

QIMIQ UK LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Euros.

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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

Page 4

QIMIQ UK LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Taxation

The company has estimated tax losses of €2,182,555 (2022: €2,292,859) available to carry forward to use against future trading profits.






5.


Intangible assets




Patents




Cost


At 1 January 2023
260,811



At 31 December 2023

260,811



Amortisation


At 1 January 2023
260,811



At 31 December 2023

260,811



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 5

QIMIQ UK LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022


Trade debtors
206,075
273,786

Other debtors
371
554

206,446
274,340



7.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
2,417
-

Amounts owed to group undertakings
386,935
366,624

Accruals and deferred income
6,200
5,850

395,552
372,474



8.


Creditors: Amounts falling due after more than one year

2023
2022

Amounts owed to group undertakings
1,819,936
2,021,212



9.


Contingent liabilities

A contingent liability exists in respect of Haindl & Sanders Holding GmbH, the parent company, for an unsecured loan of €417,744 which was written off at 31 December 2008.  This will only become due in the future if QimiQ UK Limited has the reserves available to repay this loan. 


10.


Ultimate parent undertaking and controlling party

The ultimate parent and ultimate controlling party is Haindl & Sanders Holding GmbH, which is a company incorporated in Austria. 

 
Page 6