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REGISTERED NUMBER: 01934771 (England and Wales)
















Financial Statements for the Year Ended 31st December 2024

for

K Hartwall Limited

K Hartwall Limited (Registered number: 01934771)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


K Hartwall Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: M J A Lobbas
J C Bauer
J G Hartwall





REGISTERED OFFICE: 04 Park Square
Thorncliffe Park Estate
Newton Chambers Road
Sheffield
S35 2PH





REGISTERED NUMBER: 01934771 (England and Wales)





AUDITORS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

K Hartwall Limited (Registered number: 01934771)

Statement of Financial Position
31st December 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,987 6,696

CURRENT ASSETS
Debtors 5 1,968,623 1,885,078
Cash at bank 249,712 142,423
2,218,335 2,027,501
CREDITORS
Amounts falling due within one year 6 173,042 209,005
NET CURRENT ASSETS 2,045,293 1,818,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,050,280

1,825,192

PROVISIONS FOR LIABILITIES 1,247 1,674
NET ASSETS 2,049,033 1,823,518

CAPITAL AND RESERVES
Called up share capital 8 5,150,000 5,150,000
Share premium 2,986,000 2,986,000
Retained earnings (6,086,967 ) (6,312,482 )
SHAREHOLDERS' FUNDS 2,049,033 1,823,518

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 28th May 2025 and were signed on its behalf by:




M J A Lobbas - Director J C Bauer - Director




J G Hartwall - Director


K Hartwall Limited (Registered number: 01934771)

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

1. STATUTORY INFORMATION

K Hartwall Limited 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.

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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Turnover is realised once the service has been rendered.

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 - 10% - 33% per annum

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

K Hartwall Limited (Registered number: 01934771)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments
Assets acquired under finance lease are capitalised and the outstanding future lease obligations are shown in creditors.

Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The Company operates a defined benefit pension scheme for its employees. The assets of the scheme are held separately from those of the Company. The scheme closed to new entrants and future accrual at 1 January 2008 and as the pension scheme surplus is deemed irrecoverable it is not recognised.

The Company also operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the Company to the scheme.

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 it 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.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

K Hartwall Limited (Registered number: 01934771)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 29,928
Additions 1,500
Disposals (1,723 )
At 31st December 2024 29,705
DEPRECIATION
At 1st January 2024 23,232
Charge for year 2,886
Eliminated on disposal (1,400 )
At 31st December 2024 24,718
NET BOOK VALUE
At 31st December 2024 4,987
At 31st December 2023 6,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 76,800 73,200
Amounts owed by group undertakings 1,674,212 1,577,850
Other debtors 217,611 234,028
1,968,623 1,885,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 15,154 14,269
Taxation and social security 127,074 111,060
Other creditors 30,814 83,676
173,042 209,005

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 41,271 46,248
Between one and five years 25,237 19,225
66,508 65,473

K Hartwall Limited (Registered number: 01934771)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
5,150,000 Ordinary £1 5,150,000 5,150,000

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

The Report of the Auditors was unqualified.

Malcolm Pope (Senior Statutory Auditor)
for and on behalf of Shorts Chartered Accountants

10. PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the Company to the scheme and amounted to £20,462 (2023: £19,304). No contributions were outstanding at the balance sheet date.

The Company also operates a defined benefit pension scheme for its employees. The assets of the scheme are held separately from those of the Company. The scheme closed to new entrants and future accrual at 1st January 2008 and as any pension scheme surplus is deemed irrecoverable it is not recognised.

11. CONTROL

The company is a wholly owned subsidiary of K Hartwall Oy Ab, a company registered in Finland. The registered office address is Kay Hartwallin Tie 2 01150 Söderkulla, Finland.