Silverfin false false 31/12/2023 16/12/2022 31/12/2023 Hoffbauer Beteiligungen Ug & Co. Kg 16/12/2022 Mr J Hoffbauer 30/01/2023 16/12/2022 Jens Hoffbauer 17/02/2023 Dr W G Schwidop 17/02/2023 30/01/2023 14 February 2025 The principal activity of the Company during the financial period was the renting and leasing of construction and engineering machinery and equipment. 14546019 2023-12-31 14546019 bus:Director1 2023-12-31 14546019 bus:Director2 2023-12-31 14546019 bus:Director3 2023-12-31 14546019 bus:Director4 2023-12-31 14546019 core:CurrentFinancialInstruments 2023-12-31 14546019 core:Non-currentFinancialInstruments 2023-12-31 14546019 core:ShareCapital 2023-12-31 14546019 core:RetainedEarningsAccumulatedLosses 2023-12-31 14546019 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-15 14546019 2022-12-15 14546019 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 14546019 core:PlantMachinery 2022-12-15 14546019 core:PlantMachinery 2023-12-31 14546019 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 14546019 core:UltimateParent core:CurrentFinancialInstruments 2023-12-31 14546019 bus:OrdinaryShareClass1 2023-12-31 14546019 2022-12-16 2023-12-31 14546019 bus:FilletedAccounts 2022-12-16 2023-12-31 14546019 bus:SmallEntities 2022-12-16 2023-12-31 14546019 bus:AuditExemptWithAccountantsReport 2022-12-16 2023-12-31 14546019 bus:PrivateLimitedCompanyLtd 2022-12-16 2023-12-31 14546019 bus:Director1 2022-12-16 2023-12-31 14546019 bus:Director2 2022-12-16 2023-12-31 14546019 bus:Director3 2022-12-16 2023-12-31 14546019 bus:Director4 2022-12-16 2023-12-31 14546019 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-12-16 2023-12-31 14546019 core:PlantMachinery core:TopRangeValue 2022-12-16 2023-12-31 14546019 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-16 2023-12-31 14546019 core:PlantMachinery 2022-12-16 2023-12-31 14546019 bus:OrdinaryShareClass1 2022-12-16 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14546019 (England and Wales)

HOFFBAUER HOLDING LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 16 DECEMBER 2022 TO 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

HOFFBAUER HOLDING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 16 DECEMBER 2022 TO 31 DECEMBER 2023

Contents

HOFFBAUER HOLDING LTD

BALANCE SHEET

AS AT 31 DECEMBER 2023
HOFFBAUER HOLDING LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 31.12.2023
£
Fixed assets
Intangible assets 3 41,250
Tangible assets 4 183,233
224,483
Current assets
Debtors
- due within one year 5 31,503
- due after more than one year 5 1,863,450
Cash at bank and in hand 56,264
1,951,217
Creditors: amounts falling due within one year 6 ( 2,148,660)
Net current liabilities (197,443)
Total assets less current liabilities 27,040
Provision for liabilities ( 6,735)
Net assets 20,305
Capital and reserves
Called-up share capital 7 100
Profit and loss account 20,205
Total shareholder's funds 20,305

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hoffbauer Holding Ltd (registered number: 14546019) were approved and authorised for issue by the Board of Directors on 14 February 2025. They were signed on its behalf by:

Mr J Hoffbauer
Director
HOFFBAUER HOLDING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 16 DECEMBER 2022 TO 31 DECEMBER 2023
HOFFBAUER HOLDING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 16 DECEMBER 2022 TO 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Hoffbauer Holding Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16 Churchill Way, Cardiff, CF10 2DX, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Following incorporation of the Company on 16th December 2022, the reporting period length for the first financial period is 16th December 2022 to 31 December 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the lessee for the rental of machinery and equipment.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Taxation

Intangible assets

Intangible assets are stated at cost and net of amortisation. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost and net of depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 5 years 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.

Leases


The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

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 the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank and in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
16.12.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 16 December 2022 0 0
Additions 45,000 45,000
At 31 December 2023 45,000 45,000
Accumulated amortisation
At 16 December 2022 0 0
Charge for the financial period 3,750 3,750
At 31 December 2023 3,750 3,750
Net book value
At 31 December 2023 41,250 41,250

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 16 December 2022 0 0
Additions 214,000 214,000
At 31 December 2023 214,000 214,000
Accumulated depreciation
At 16 December 2022 0 0
Charge for the financial period 30,767 30,767
At 31 December 2023 30,767 30,767
Net book value
At 31 December 2023 183,233 183,233

5. Debtors

31.12.2023
£
Debtors: amounts falling due within one year
Amounts owed by related parties 7,333
Other debtors 24,170
31,503
Debtors: amounts falling due after more than one year
Amounts owed by related parties 1,863,450

Amounts owed by related parties falling due after more than one year is repayable in four years and charged at 4% interest per annum.

6. Creditors: amounts falling due within one year

31.12.2023
£
Amounts owed to Ultimate Parent undertakings 2,093,681
Amounts owed to directors 51,779
Accruals 3,200
2,148,660

7. Called-up share capital

31.12.2023
£
Allotted, called-up and not yet paid
100 Ordinary shares of £ 1.00 each 100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

31.12.2023
£
Amounts owed to Parent Company 2,093,681

Transactions with the entity's directors

31.12.2023
£
Directors' Loan Account (51,779)

Other related party transactions

31.12.2023
£
Amounts owed by Associated Companies (1,870,783)

9. Ultimate controlling party

Parent Company:

HOFFBAUER BETEILIGUNGEN UG & CO. KG
71a, Mühlstrasse, Mühltal, Hessen, Germany, D-64367