Caseware UK (AP4) 2023.0.135 2023.0.135 trueNo description of principal activityfalse2023-04-0122falsefalse 10833866 2023-04-01 2024-03-31 10833866 2022-04-01 2023-03-31 10833866 2024-03-31 10833866 2023-03-31 10833866 c:Director1 2023-04-01 2024-03-31 10833866 c:RegisteredOffice 2023-04-01 2024-03-31 10833866 c:Agent1 2023-04-01 2024-03-31 10833866 d:CurrentFinancialInstruments 2024-03-31 10833866 d:CurrentFinancialInstruments 2023-03-31 10833866 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10833866 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10833866 d:ShareCapital 2024-03-31 10833866 d:ShareCapital 2023-03-31 10833866 d:RetainedEarningsAccumulatedLosses 2024-03-31 10833866 d:RetainedEarningsAccumulatedLosses 2023-03-31 10833866 c:FRS102 2023-04-01 2024-03-31 10833866 c:Audited 2023-04-01 2024-03-31 10833866 c:FullAccounts 2023-04-01 2024-03-31 10833866 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10833866 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10833866 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10833866









Henry F. Teichmann Europe Ltd









Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Henry F. Teichmann Europe Ltd
 
 
Company Information


Director
M Piedmonte 




Registered number
10833866



Registered office
3 Stockport Exchange

Stockport

Cheshire

SK1 3GG




Independent auditors
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG




Bankers
Barclays Bank UK PLC
1 Churchill Place

London

E14 5HP





 
Henry F. Teichmann Europe Ltd
 

Contents



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
Henry F. Teichmann Europe Ltd
Registered number: 10833866

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,134
66,165

Cash at bank and in hand
 5 
18,754
5,895

  
25,888
72,060

Creditors: amounts falling due within one year
 6 
(138,658)
(104,346)

Net current liabilities
  
 
 
(112,770)
 
 
(32,286)

Total assets less current liabilities
  
(112,770)
(32,286)

  

Net liabilities
  
(112,770)
(32,286)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(112,771)
(32,287)

  
(112,770)
(32,286)


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: 




M Piedmonte
Director

Date: 3 February 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Henry F. Teichmann Europe Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Henry F. Teichmann Europe Ltd is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 3 Stockport Exchange, Stockport, Cheshire, United Kingdom, SK1 3GG. The company's registered number is 10833866.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has reviewed the performance of the Company during the year as set out in these accounts and, after taking account of possible changes that can reasonably be envisaged in trading performance, has considered the cash flow forecasts and future liquidity requirements of the Company.  
At 31 March 2024, the company had net liabilities of £112,770 (
2023: £32,286). After making enquiries, the director has reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company is in receipt of a letter from HFT Global LLC confirming that it will provide any necessary funding to ensure that the Company has sufficient funding to meet its liabilities as they fall due for a period of not less than 12 months from the date of the signing of these financial statements. 
The director believes it is appropriate, therefore, to prepare the financial statements to 31 March 2024 on a going concern basis.

 
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 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.

Page 2

 
Henry F. Teichmann Europe Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Pensions

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 contributions 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Debtors

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

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 3

 
Henry F. Teichmann Europe Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Debtors

2024
2023
£
£


Trade debtors
4,500
58,274

Amounts owed by group undertakings
-
6,954

Other debtors
2,634
937

7,134
66,165



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,754
5,895



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
926
8,355

Amounts owed to group undertakings
115,681
81,079

Other taxation and social security
5,237
4,406

Accruals and deferred income
16,814
10,506

138,658
104,346



7.


Pension commitments

The Company operates a defined contributions 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 £1,426 (2023 - £1,558) . Contributions totalling £118 (2023 - £nil) were payable to the fund at the balance sheet date.


8.


Controlling party

HFT Global LLC is the parent of the smallest group for which consolidated accounts are drawn up of which the company is a member.  The address of the registered office of the parent is 3009 Washington Road, McMurray, PA 15317, USA.

Page 4

 
Henry F. Teichmann Europe Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 3 February 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

 
Page 5