Company registration number:
07026416
Debatin (UK) Limited
Filleted financial statements
31 December 2024
Debatin (UK) Limited
Contents
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
Debatin (UK) Limited
Directors responsibilities statement
Year ended 31 December 2024
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Debatin (UK) Limited
Statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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|
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Current assets |
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Debtors |
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5 |
20,816 |
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31,236 |
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Cash at bank and in hand |
|
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35,309 |
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11,499 |
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_______ |
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_______ |
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56,125 |
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42,735 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
54,676) |
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|
(
7,413) |
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_______ |
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_______ |
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Net current assets |
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1,449 |
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35,322 |
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_______ |
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_______ |
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Total assets less current liabilities |
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1,449 |
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35,322 |
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_______ |
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_______ |
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Net assets |
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1,449 |
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35,322 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
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Profit and loss account |
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1,448 |
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35,321 |
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_______ |
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_______ |
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Shareholders funds |
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1,449 |
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35,322 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 May 2025
, and are signed on behalf of the board by:
Mr T Rose
Director
Company registration number:
07026416
Debatin (UK) Limited
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office FF10, Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover comprises commission earned based on UK sales made by the parent company during the year. An annual invoice is issued to the parent company. The amount recognised in the financial statements is net of VAT.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured 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.
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 inancial 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 Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction 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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5.
Debtors
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2024 |
2023 |
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£ |
£ |
|
Trade debtors |
|
20,500 |
30,500 |
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Other debtors |
|
316 |
736 |
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_______ |
_______ |
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20,816 |
31,236 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
|
53 |
2,880 |
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Amounts owed to group undertakings |
|
50,000 |
- |
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Corporation tax |
|
123 |
33 |
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Other creditors |
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4,500 |
4,500 |
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_______ |
_______ |
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54,676 |
7,413 |
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_______ |
_______ |
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7.
Summary audit opinion
The auditor's report dated
19 May 2025
was unqualified.
The senior statutory auditor was
Sarah Johnson ACA
for and on behalf of
TC Group
8.
Controlling party
The company's parent undertaking is Anton Debatin Gmbh, a company registered in Germany at Vichystrasse, 76646 Bruchsal, Germany.