a. hartrodt (Midlands) Limited
Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 01247253 (England and Wales)
a. hartrodt (Midlands) Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
a. hartrodt (Midlands) Limited
Balance Sheet
As at 31 December 2023
31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,167,754
1,167,754
Current assets
Debtors
5
201,068
40,098
Cash at bank and in hand
13,409
4,244
214,477
44,342
Creditors: amounts falling due within one year
6
(7,104)
(7,584)
Net current assets
207,373
36,758
Net assets
1,375,127
1,204,512
Capital and reserves
Called up share capital
7
1,242,960
1,242,960
Profit and loss reserves
132,167
(38,448)
Total equity
1,375,127
1,204,512

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 22 May 2024 and are signed on its behalf by:
J C van Tienhoven
Director
Company Registration No. 01247253
a. hartrodt (Midlands) Limited
Statement of Changes in Equity
For the year ended 31 December 2023
Page 2
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
1,242,960
(37,502)
1,205,458
Year ended 31 December 2022:
Loss and total comprehensive income for the year
-
(946)
(946)
Balance at 31 December 2022
1,242,960
(38,448)
1,204,512
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
170,615
170,615
Balance at 31 December 2023
1,242,960
132,167
1,375,127
a. hartrodt (Midlands) Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 3
1
Accounting policies
Company information

a. hartrodt (Midlands) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hartrodt House, Green Man Lane, Hatton Cross, Middlesex, TW14 0PZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of a.hartrodt (GmbH & Co) KG. These consolidated financial statements are available from its registered office at Recha-Luebke-Damm 31, 20097 Hamburg, Germany.

 

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

These financial statements are prepared on the going concern basis. The underlying economic uncertainty is not expected to impact on the company's performance, and the directors therefore have a reasonable expectation that the company will continue in operational existence for the foreseeable future and specifically for at least twelve months from the date of approval of the financial statements.

a. hartrodt (Midlands) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 4
1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

a. hartrodt (Midlands) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was nil (2022: nil).

2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,167,754
1,167,754
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
a. hartrodt (Schweiz) AG
Switzerland
Ordinary
100.00
a. hartrodt France SASU
France
Ordinary
100.00
a. hartrodt (Midlands) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 6
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
201,068
40,098
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
142
580
Accruals and deferred income
6,962
7,004
7,104
7,584
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Called up Share Capital of £1 each
1,242,960
1,242,960
1,242,960
1,242,960
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Jonathan Seymour
Statutory Auditor:
Moore Kingston Smith LLP
9
Parent company

The immediate and ultimate controlling parent undertaking and the smallest and largest group to consolidate these financial statements is a. hartrodt (GmbH & Co) KG, a company incorporated in Germany. Copies of a. hartrodt (GmbH & Co) KG's consolidated financial statements are publicly available can be obtained from their registered office at Recha-Luebke-Damm 31, 20097 Hamburg, Germany.

 

 

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