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REGISTERED NUMBER: 02966621 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

P.B. Baumann (Uk) Limited

P.B. Baumann (Uk) Limited (Registered number: 02966621)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.B. Baumann (Uk) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S E Brown





SECRETARY: S E Brown





REGISTERED OFFICE: Po Box 4385
Cardiff
CF14 8LH





REGISTERED NUMBER: 02966621 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

P.B. Baumann (Uk) Limited (Registered number: 02966621)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 35,279 45,744
Debtors 5 11,957 662
Cash at bank 126 254
47,362 46,660
CREDITORS
Amounts falling due within one year 6 (31,750 ) (41,946 )
NET CURRENT ASSETS 15,612 4,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,612

4,714

CREDITORS
Amounts falling due after more than one year 7 (10,000 ) (4,021 )
NET ASSETS 5,612 693

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 8 119,231 119,231
Retained earnings 8 (113,719 ) (118,638 )
5,612 693

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

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

The director acknowledges her 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.

P.B. Baumann (Uk) Limited (Registered number: 02966621)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 13 September 2024 and were signed by:





S E Brown - Director


P.B. Baumann (Uk) Limited (Registered number: 02966621)

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

1. STATUTORY INFORMATION

P.B. Baumann (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the sale of Swiss products, swimwear and lingerie.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods have been delivered to customers such that risks and reward of ownership have transferred to them.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings 15% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

STOCKS
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


P.B. Baumann (Uk) Limited (Registered number: 02966621)

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

2. ACCOUNTING POLICIES - continued
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.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken to the profit and loss account.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PENSION
DEFINED CONTRIBUTION PENSION PLAN

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that he company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

P.B. Baumann (Uk) Limited (Registered number: 02966621)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 845
DEPRECIATION
At 1 January 2023
and 31 December 2023 845
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 2,245 662

Amounts falling due after more than one year:
Other debtors 9,712 -

Aggregate amounts 11,957 662

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,757 18,124
Trade creditors 1,778 6,027
Amounts owed to group undertakings 6,000 4,000
Amounts owed to associates 1,000 500
Other creditors 6,215 13,295
31,750 41,946

The directors consider the carrying amounts of current liabilities approximate to their fair values.

P.B. Baumann (Uk) Limited (Registered number: 02966621)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 4,021
Other creditors 10,000 -
10,000 4,021

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

8. RESERVES

PROFIT AND RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £25 (2022 - £48).

Contributions totaling £16 (2022 - Nil) were payable to fund at the balance sheet date and are included in other creditors

10. RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors were amounts due to the directors of £13,726 (2022 - £7,442). This loan is interest free and repayable on demand.

Included in amounts due to group undertakings is £6,000 (2022 - £4,000) due to M-Tech (Uk) Limited - holding company.

Included in amounts due to associate is £1,000 (2022 - £500 ) due to Mya Blue UK Limited.