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REGISTERED NUMBER: SC073174 (Scotland)











COPPENRATH & WIESE (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 10


COPPENRATH & WIESE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Andreas Wallmeier
Kasper von Bockum



SECRETARY: Andreas Wallmeier



REGISTERED OFFICE: Abercorn House
79 Renfrew Road
Paisley
Renfrewshire
PA3 4DA



REGISTERED NUMBER: SC073174 (Scotland)



AUDITORS: Azets Audit Services
Chartered accountants
Statutory auditor
Abercorn House
79 Renfrew Road
Paisley
Renfrewshire
PA3 4DA



BANKERS: HSBC UK Bank Plc
33 Park Row
Leeds
LS1 1LD

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,439 6,283

CURRENT ASSETS
Debtors 5 774,389 377,340
Cash at bank and in hand 1,028,830 1,844,765
1,803,219 2,222,105
CREDITORS
Amounts falling due within one year 6 89,493 139,601
NET CURRENT ASSETS 1,713,726 2,082,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,721,165

2,088,787

PENSION LIABILITY 10 (477,026 ) (393,745 )
NET ASSETS 1,244,139 1,695,042

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 8 1,243,639 1,694,542
SHAREHOLDERS' FUNDS 1,244,139 1,695,042

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Andreas Wallmeier - Director


COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

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

1. STATUTORY INFORMATION

Coppenrath & Wiese (UK) Limited is a private company, limited by shares, registered in Scotland. The Company's registered number is SC073174 and registered office address is Abercorn House, 79 Renfrew Road, Paisley, Renfrewshire, PA3 4DA.

The nature of the Company's operations and its principal activity was that of providing an operating/administrative service to C&W KG for the distribution of frozen desserts.

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.

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

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key sources of estimation that have been applied are detailed below:

Pension scheme
A key estimate in the financial statements at the year end is the assumptions used in calculating the liabilities in relation to the defined benefit pension scheme. The actuarial assumptions adopted in the estimation of te company's pension scheme are the responsibility of the Directors. In accordance with FRS 102, these shall be unbaised (neither imprudent not excessively conservative), mutually compatible and selected to lead the best estimate of future cash flows that will arise under the pension scheme (see note 12).

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and that the revenue can be reliably measured. Consideration is given to the point at which the Company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the provision of services is recognised in the period in which the services are provided 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;
- the costs incurred can be measured reliably.

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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.

If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

With the exception of changes arising on the initial recognition of a business combination, the tax expense (income) is presented either in the profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Deferred tax assets and deferred tax liabilities are offset only if the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined benefit pension scheme. Contributions to scheme are made to a separately administered fund.

The cost of providing benefits under the defined benefit scheme is determined by using the projected unit credit method which attributes entitlement to benefits to the current period (to determine current service cost) and to the current and prior periods (to determine the present value of the defined benefit obligation) and is based on actuarial advice. Past service costs are recognised in the profit and loss account on a straight line basis. When a settlement (eliminating all obligations for benefits already accrued) or a curtailment (reducing future obligations as a result of a material reduction in the scheme membership or a reduction in future entitlement) occurs, the obligation and related plan assets are remeasured using current actuarial assumptions and the resultant gain or loss recognised in the income statement during the period in which the settlement of curtailment occurs.

The interest element of the defined benefit costs represents the change in the present value of the scheme obligations resulting from the passage of time and is determined by applying the discount rate to the opening present value of the benefit obligation, taking into account material changes in the obligation during the year.
The expected return on scheme assets is based on an assessment made at the beginning of the year of long term market returns on scheme assets, adjusted for the effect on the fair value of scheme assets of contributions received and benefits paid during the year. The difference between the expected return on scheme assets and the interest cost is recognised in the profit and loss accounts as other finance cost or revenue.

The company has taken the option to recognise actuarial gains and losses in full in the statement of recognised gains and losses.

The defined benefit pension asset or liability in the balance sheet comprises the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less any past service cost not yet recognised and less the fair value of the scheme assets out of which the obligations are to be settled directly.

The company also operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 22,328
Additions 2,795
At 31 December 2024 25,123
DEPRECIATION
At 1 January 2024 16,045
Charge for year 1,639
At 31 December 2024 17,684
NET BOOK VALUE
At 31 December 2024 7,439
At 31 December 2023 6,283

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 717,108 343,857
Corporation Tax 16,540 -
Value added tax 12,191 11,042
Prepayments and accrued income 28,550 22,441
774,389 377,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,147 21,749
Corporation tax - 66,639
Accrued expenses 53,346 51,213
89,493 139,601

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 26,000 -
Between one and five years 1,695 55,050
27,695 55,050

8. RESERVES
Retained
earnings
£   

At 1 January 2024 1,694,542
Profit for the year 1,120,662
Dividends (1,500,000 )
Remeasurement of defined
benefit pension scheme (71,565 )
At 31 December 2024 1,243,639

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kirsty Mackie BAcc CA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services

10. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined benefit pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in profit or loss are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Current service cost 13,328 14,191
Net interest from net defined benefit
asset/liability

15,622

14,586
Past service cost - -
28,950 28,777

Actual return on plan assets - -

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Opening defined benefit obligation 393,745 397,285
Current service cost 13,328 14,191
Interest cost 15,622 14,586
Exchange differences on foreign plans (17,234 ) (8,254 )
Remeasurements:
Actuarial (gains)/losses from changes in
financial assumptions

89,071

(14,806

)
Oblig other remeasurement (17,506 ) (9,257 )
477,026 393,745

Changes in the fair value of scheme assets are as follows:

Defined benefit
pension plans
2024 2023
£    £   
- -

The amounts recognised in other comprehensive income are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Actuarial (gains)/losses from changes in
financial assumptions

(89,071

)

14,806
Oblig other remeasurement 17,506 9,257
(71,565 ) 24,063

COPPENRATH & WIESE (UK) LIMITED (REGISTERED NUMBER: SC073174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. EMPLOYEE BENEFIT OBLIGATIONS - continued

The major categories of scheme assets as amounts of total scheme assets are as follows:

2024 2023
£    £   
- -

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2024 2023
Discount rate 3.45% 3.75%
Salary increase 2.90% 2.70%
Rate of deferred benefits increases 6.12% 1.80%
Rate of pension increases 6.12% 1.80%

Defined contribution scheme

The company operates a defined contribution scheme. The assets of the scheme are held separately in an independently administered fund. The pension cost charge represents contributions payable by the company and amounted to £116,245 (2023 - £93,190).

Contributions outstanding at 31 December 2024 amounted to £9,905 (2023 - £8,201).

11. RELATED PARTY DISCLOSURES

The company's turnover of £2,869,839 (2023 - £2,878,553) is commission received from its parent company, Conditorei Coppenrath & Wiese KG.

Included in debtors is £717,108 due from the parent company (2023 - £343,857).

12. ULTIMATE PARENT COMPANY

Dr. August Oetker KG (incorporated in Germany) is regarded by the directors as being the company's ultimate parent company.

The immediate parent company is Grotemeyer's Konditorei GmbH, a company registered in Germany.

Copies of the group financial statements are available from Hansastrasse 10, D-49497 Mettingen, Germany.