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REGISTERED NUMBER: 05768029 (England and Wales)












Financial Statements

for the Year Ended 31 December 2024

for

Hummel Ltd

Hummel Ltd (Registered number: 05768029)






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


Hummel Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: H A Hummel
P J Nicholson





SECRETARY: Holder Blackthorn LLP





REGISTERED OFFICE: Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS





REGISTERED NUMBER: 05768029 (England and Wales)





AUDITORS: Locke Williams Associates LLP
Chartered Accountants
Registered Auditors
Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS

Hummel Ltd (Registered number: 05768029)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 716 1,031

CURRENT ASSETS
Debtors 5 44,528 63,776
Cash at bank 129,909 100,283
174,437 164,059
CREDITORS
Amounts falling due within one year 6 30,803 30,240
NET CURRENT ASSETS 143,634 133,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,350

134,850

CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Retained earnings 124,350 114,850
SHAREHOLDERS' FUNDS 144,350 134,850

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 29 April 2025 and were signed on its behalf by:





H A Hummel - Director


Hummel Ltd (Registered number: 05768029)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Hummel Ltd 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 (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

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.

Creditors
Creditors and provisions are recognised where the Company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hummel Ltd (Registered number: 05768029)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 2,700
DEPRECIATION
At 1 January 2024 1,669
Charge for year 315
At 31 December 2024 1,984
NET BOOK VALUE
At 31 December 2024 716
At 31 December 2023 1,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 43,500 63,000
Other debtors 1,028 776
44,528 63,776

Hummel Ltd (Registered number: 05768029)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 4,862 5,607
Taxation and social security 6,953 5,912
Other creditors 18,988 18,721
30,803 30,240

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
20,000 Ordinary £1 20,000 20,000

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

The Report of the Auditors was unqualified.

David Williams (Senior Statutory Auditor)
for and on behalf of Locke Williams Associates LLP

9. RELATED PARTY DISCLOSURES

During both the current and prior year the company derived all of its turnover from its parent company Hummel AG. At 31 December 2024 £43,500 is owed by the related party (2023 £63,000 owed by the related party).

The company's parent company is Hummel AG, whose registered office is 79211 Denzlingen, Germany, Lise-Meitner-Straße 2. The ultimate parent company is Hummel Holding GmbH, whose registered office is 79183 Waldkirch, Germany, Mozartstraße 2.