IRIS Accounts Production v25.1.4.42 09734433 Board of Directors 1.1.24 31.12.24 31.12.24 4.3.25 0 0 true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09734433 2023-12-31 09734433 2024-12-31 09734433 2024-01-01 2024-12-31 09734433 2022-12-31 09734433 2023-01-01 2023-12-31 09734433 2023-12-31 09734433 ns15:EnglandWales 2024-01-01 2024-12-31 09734433 ns14:PoundSterling 2024-01-01 2024-12-31 09734433 ns10:Director1 2024-01-01 2024-12-31 09734433 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09734433 ns10:SmallEntities 2024-01-01 2024-12-31 09734433 ns10:Audited 2024-01-01 2024-12-31 09734433 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 09734433 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09734433 ns10:FullAccounts 2024-01-01 2024-12-31 09734433 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 09734433 ns10:Director2 2024-01-01 2024-12-31 09734433 ns10:RegisteredOffice 2024-01-01 2024-12-31 09734433 ns5:CurrentFinancialInstruments 2024-12-31 09734433 ns5:CurrentFinancialInstruments 2023-12-31 09734433 ns5:Non-currentFinancialInstruments 2024-12-31 09734433 ns5:Non-currentFinancialInstruments 2023-12-31 09734433 ns5:ShareCapital 2024-12-31 09734433 ns5:ShareCapital 2023-12-31 09734433 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09734433 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 09734433 ns5:CostValuation 2023-12-31 09734433 ns5:Subsidiary1 2024-01-01 2024-12-31 09734433 1 ns5:Subsidiary1 2024-01-01 2024-12-31 09734433 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09734433 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 09734433 ns5:CurrentFinancialInstruments 2024-01-01 2024-12-31 09734433 ns5:Non-currentFinancialInstruments 2024-01-01 2024-12-31 09734433 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 09734433 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| HANSA-FLEX HYDRAULICS UK LIMITED |

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

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 |

| HANSA-FLEX HYDRAULICS UK LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr G Sturm

| Mr H J Albrecht

| REGISTERED OFFICE: | Unit 11, Set Star Estate

| Transport Avenue

| Brentford

| Middlesex

| TW8 9HF

| REGISTERED NUMBER: | 09734433 (England and Wales)

| AUDITORS: | Ward Goodman Audit Services Limited

| Chartered Accountants and Statutory Auditors

| 4 Cedar Park

| Cobham Road

| Ferndown Industrial Estate

| Wimborne

| Dorset

| BH21 7SF

| BANKERS: | Barclays Bank plc

| Leicester

| LE87 2BB

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 6 | 394,642 |  | 394,642 |  |

CURRENT ASSETS

Debtors | 7 | 1,275 |  | 3,168 |  |

Cash at bank | 108 |  | 1,007 |  |

1,383 |  | 4,175 |  |

CREDITORS

Amounts falling due within one year | 8 | 270,682 |  | 230,089 |  |

NET CURRENT LIABILITIES | (269,299 | ) | (225,914 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 125,343 |  | 168,728 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 520,796 |  | 546,205 |  |

NET LIABILITIES | (395,453 | ) | (377,477 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Retained earnings | (405,453 | ) | (387,477 | ) |

SHAREHOLDERS' FUNDS | (395,453 | ) | (377,477 | ) |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:

Mr G Sturm - Director

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Hansa-Flex Hydraulics UK 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going concern

| At 31 December 2024, the company had net liabilities and had incurred trading losses to date. The company is therefore reliant upon the continued financial support provided by the immediate parent company, Hansa-Flex International GmbH and director, Mr G Sturm, such support having been confirmed for a period of not less than 12 months from the date of approval of these financial statements.

| Significant judgements and estimates

| In the application of the Company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. There are no areas that are considered to be key areas of judgement or estimation uncertainty.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Debtors

| Short term debtors are measured at the transaction price, less any provisions for amounts considered irrecoverable.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

| Revenue recognition

| Revenue is measure at the fair value of the consideration received or receivable after the deduction of trade discounts and value added tax. Revenue is reduced for estimated customer returns, rebates and other similar allowances were required.

| Revenue from the sale of goods and services is recognised when those goods and services are delivered and legal title has passed.

| Government grants

| Government grants shall be recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

4. | EMPLOYEES AND DIRECTORS

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

5. | AUDITORS' REMUNERATION

| 2024 |  | 2023

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 5,050 |  | 5,050 |  |

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 394,642 |  |

| NET BOOK VALUE

| At 31 December 2024 | 394,642 |  |

| At 31 December 2023 | 394,642 |  |

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

| Hansa-Flex UK Limited

| Registered office: Unit 11, Set Star Estate, Transport Avenue, Brentford, Middlesex, TW8 9HF

| Nature of business: Engineering sales

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Hansa-Flex UK Ltd made a loss of £30,215 for the year ended 31 December 2024 and its aggregate capital and reserves at 31 December 2024 amounted to £(1,440,402).

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 86 |  | 101 |  |

| VAT | 1,189 |  | 3,067 |  |

1,275 |  | 3,168 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other loans | 99,199 |  | 104,039 |  |

| Trade creditors | 10,237 |  | 6,991 |  |

| Amounts owed to group undertakings | 148,645 |  | 106,558 |  |

| Social security and other taxes | 4,101 |  | 4,101 |  |

| Accruals and deferred income | 8,500 |  | 8,400 |  |

270,682 |  | 230,089 |  |

| Other loans are unsecured and due to Mr G Sturm, a director of the Company and accrue interest at rates between 4-6%.

HANSA-FLEX HYDRAULICS UK LIMITED (REGISTERED NUMBER: 09734433) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 520,796 |  | 546,205 |  |

| Amounts owed to group undertakings are unsecured and accrue interest at rates between 4-6% and are not repayable by instalments.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

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

| The Report of the Auditors was unqualified.

| Ian Rodd BSc FCA FCCA (Senior Statutory Auditor)

| for and on behalf of Ward Goodman Audit Services Limited

12. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Hansa-Flex International GmbH, a private company limited by shares and incorporated in Germany.

| The ultimate parent company Hansa-Flex AG, a private company limited by shares and incorporated in Germany, draws up consolidated financial statements for the Group, of which Hansa-Flex Hydraulics UK Limited is a part.

| The controlling parties of the company are Mr G Sturm, a director of the company by virtue of his direct shareholding and Mr T J C Armerding by virtue of his shareholdings in the immediate and ultimate parent companies of the Hansa-Flex Group.