Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-311true2023-02-01falseNo description of principal activity1truetruefalse 07714378 2023-02-01 2024-01-31 07714378 2022-02-01 2023-01-31 07714378 2024-01-31 07714378 2023-01-31 07714378 2022-02-01 07714378 c:Director1 2023-02-01 2024-01-31 07714378 c:Director2 2023-02-01 2024-01-31 07714378 d:CurrentFinancialInstruments 2024-01-31 07714378 d:CurrentFinancialInstruments 2023-01-31 07714378 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07714378 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07714378 d:ShareCapital 2023-02-01 2024-01-31 07714378 d:ShareCapital 2024-01-31 07714378 d:ShareCapital 2022-02-01 2023-01-31 07714378 d:ShareCapital 2023-01-31 07714378 d:ShareCapital 2022-02-01 07714378 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07714378 d:RetainedEarningsAccumulatedLosses 2024-01-31 07714378 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 07714378 d:RetainedEarningsAccumulatedLosses 2023-01-31 07714378 d:RetainedEarningsAccumulatedLosses 2022-02-01 07714378 c:OrdinaryShareClass1 2023-02-01 2024-01-31 07714378 c:OrdinaryShareClass1 2024-01-31 07714378 c:OrdinaryShareClass1 2023-01-31 07714378 c:FRS102 2023-02-01 2024-01-31 07714378 c:Audited 2023-02-01 2024-01-31 07714378 c:FullAccounts 2023-02-01 2024-01-31 07714378 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07714378 c:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07714378 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07714378
















HUNKEMOLLER UK LTD




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024


































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HUNKEMOLLER UK LTD
REGISTERED NUMBER:07714378

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Stocks
 4 
92,911
52,977

Debtors: amounts falling due within one year
 5 
110,214
159,397

Cash at bank and in hand
 6 
80,889
131,179

  
284,014
343,553

Creditors: amounts falling due within one year
 7 
(197,958)
(274,654)

NET CURRENT ASSETS
  
 
 
86,056
 
 
68,899

TOTAL ASSETS LESS CURRENT LIABILITIES
  
86,056
68,899

  

NET ASSETS
  
86,056
68,899


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
 10 
86,055
68,898

  
86,056
68,899


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 





W G H Van Engelen
B Grevy
Director
Director


Date: 31 January 2025
Date: 30 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 1


HUNKEMOLLER UK LTD


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2023
1
68,898
68,899


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year
-
17,157
17,157
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
17,157
17,157


TOTAL TRANSACTIONS WITH OWNERS
-
-
-


AT 31 JANUARY 2024
1
86,055
86,056


The notes on pages 4 to 9 form part of these financial statements.

Page 2


HUNKEMOLLER UK LTD


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2022
1
106,840
106,841


COMPREHENSIVE INCOME FOR THE YEAR

Loss for the year
-
(37,942)
(37,942)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
(37,942)
(37,942)


TOTAL TRANSACTIONS WITH OWNERS
-
-
-


AT 31 JANUARY 2023
1
68,898
68,899


The notes on pages 4 to 9 form part of these financial statements.

Page 3


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

Hunkemoller UK Limited is a private company limited by shares incorporated in England and Wales. The company's registered number is 07714378. The address of its registered office is 1-3 College Yard, Worcester, United Kingdom, WR1 2LB.
The principal activity of the company during the year was the design and sale of lingerie.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
 
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors has reviewed the relevant forecasts and considered the availability of the financial support from the parent company. Following this review, the director believes that the company has adequate financial resources to continue operation for at least 12 months from the date of signing thse financial statements. Accordingly the annual financial statements have been prepared on a going concern basis.
In addition, confirmation has been sought from the Group confirming that they will not demand repayment of the outstanding intercompany balance if to do so would jeopardise the Company's ability to operate.

Page 4


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (continued)

 
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.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 5


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

Page 6


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


EMPLOYEES

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


        2024
        2023
            No.
            No.







Employees
1
1

During the year, the director received remuneration totalling £nil (2023: £nil)
During the year, there were no benefits accruing to the director under money purchase pension schemes (2023: £nil).


4.


STOCKS

2024
2023
£
£

Finished goods and goods for resale
92,911
52,977



5.


DEBTORS

2024
2023
£
£


Trade debtors
29,128
55,034

Amounts owed by group undertakings
57,906
82,552

Other debtors
23,180
21,811

110,214
159,397



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
80,889
131,179


Page 7


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
25,695
33,876

Amounts owed to group undertakings
24,333
130,927

Other taxation and social security
42,508
15,289

Other creditors
19,606
8,043

Accruals and deferred income
85,816
86,519

197,958
274,654



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022: 1) Ordinary share of £1.00
1
1



9.


PRIOR YEAR ADJUSTMENT

A prior year adjustment has been made in respect of a misclassification within the profit and loss. It was deemed that the prior year transfer pricing adjustment of £(248,713) should have been processed through cost of sales rather than revenue, and that £(31,870) relating to discounting sales should have been processed through revenue rather than administrative expenses. The impact on profit is nil. 

10.


RESERVES

Profit and loss account

This reserve represents the cumulative profits and losses of the company.


11.


RELATED PARTY TRANSACTIONS

The company's related party transactions were with other companies that are wholly owned within the group and so have not been disclosed under FRS 102 paragraph 33.1A .


12.


CONTROLLING PARTY

The immediate parent undertaking is Hunkemoller International B.V., a company incorporated in the Netherlands, by virtue of its 100% shareholding. Its principal address is Liebergerweg 28, 1221 JS, Hilversum, The Netherlands. This is the smallest group in which the results of the company are consolidated.

The ultimate parent undertaking and controlling party is Shero Holdco B.V., whose principal place of business is Liebergerweg 28, 1221 JS, Hilversum.  This is the largest group in which the results of the company are consolidated. 

Page 8


HUNKEMOLLER UK LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

13.


AUDITORS' INFORMATION

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

The audit report was signed on 4 February 2025 by David Butler FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 9