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REGISTERED NUMBER: SC592387 (Scotland)















Financial Statements for the Year Ended 23 September 2024

for

WH (Germany) Limited

WH (Germany) Limited (Registered number: SC592387)






Contents of the Financial Statements
for the Year Ended 23 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WH (Germany) Limited

Company Information
for the Year Ended 23 September 2024







DIRECTORS: F J Bowden
M Ulrich





SECRETARY: F J Bowden





REGISTERED OFFICE: Stoneywood Park
Dyce
Aberdeen
AB21 7DZ





REGISTERED NUMBER: SC592387 (Scotland)





AUDITORS: Tawse & Partners
Statutory Auditors
18 North Silver Street
Aberdeen
AB10 1JU

WH (Germany) Limited (Registered number: SC592387)

Balance Sheet
23 September 2024

23.9.24 23.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 29,189 29,189

CURRENT ASSETS
Debtors 5 1 1

CREDITORS
Amounts falling due within one year 6 29,189 29,189
NET CURRENT LIABILITIES (29,188 ) (29,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

1

CAPITAL AND RESERVES
Called up share capital 7 1 1
SHAREHOLDERS' FUNDS 1 1

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 19 June 2025 and were signed on its behalf by:





F J Bowden - Director


WH (Germany) Limited (Registered number: SC592387)

Notes to the Financial Statements
for the Year Ended 23 September 2024

1. STATUTORY INFORMATION

WH (Germany) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclose requirements of section 1A of FRS 102 have been applied other than where additional disclose is required to show a true and fair view.

The financial statements are prepared under the historical cost convention. The principle accounting policies are set out below.

Going concern
The Company has net current liabilities at the year end date of £29,188 (2023: £29,188).

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 at least the next 12 months following the approval of these financial statements.

In reaching this conclusion, fellow group company, Woollard & Henry Limited has confirmed that it will continue to make available, such funding as is required to enable WH (Germany) Limited to meet its liabilities, as they fall due, for a period of at least twelve months from the date of signing these financial statements, and has agreed to defer repayment of amounts due from WH (Germany) Limited until all other liabilities have been settled in full. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Fixed asset investments
Interests in joint ventures are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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

WH (Germany) Limited (Registered number: SC592387)

Notes to the Financial Statements - continued
for the Year Ended 23 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company 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, 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 financial 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.

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 and loans from fellow group companies, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

WH (Germany) Limited (Registered number: SC592387)

Notes to the Financial Statements - continued
for the Year Ended 23 September 2024

4. FIXED ASSET INVESTMENTS
Share in
group
undertakings
and
participating
interests
£   
COST
At 24 September 2023
and 23 September 2024 29,189
NET BOOK VALUE
At 23 September 2024 29,189
At 23 September 2023 29,189

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

PAMA paper machinery GmbH
Registered office: Frauensteiner Str. 85, 09599 Freiberg (Sachsen), Germany
Nature of business: Paper machinery manufacturing
%
Class of shares: holding
Ordinary 50.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.9.24 23.9.23
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.9.24 23.9.23
£    £   
Amounts owed to group undertakings 29,189 29,189

Amounts owed to group undertakings are interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 23.9.24 23.9.23
value: £    £   
1 Ordinary 1 1 1

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

The Report of the Auditors was unqualified.

George Brown (Senior Statutory Auditor)
for and on behalf of Tawse & Partners

WH (Germany) Limited (Registered number: SC592387)

Notes to the Financial Statements - continued
for the Year Ended 23 September 2024

9. RELATED PARTY DISCLOSURES

The Company has taken advantage of exemptions under FRS 102.33.1A not to disclose transactions with wholly owned group undertakings.

10. ULTIMATE CONTROLLING PARTY

The parent company is Woollard & Henry Holdings Limited, a company registered in Scotland. The registered office of Woollard & Henry Holdings Limited is Stoneywood Park, Dyce, Aberdeen, AB21 7DZ. The Financial Statements of Woollard & Henry Holdings Limited are available from Companies House. Woollard & Henry Holdings Limited is controlled by the shareholders.