REGISTERED NUMBER: 06693835 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GOETZE UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D K W Weimann

REGISTERED OFFICE:

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

REGISTERED NUMBER:

06693835 (England and Wales)

AUDITORS:

Malcolm Piper & Company Limited

Kingsnorth House

Blenheim Way

Birmingham

B44 8LS

Creditors

Amounts falling due within one year

4

38,632

36,582

Net current liabilities

(38,632

)

(36,582

)

Total assets less current liabilities

(38,632

)

(36,582

)

Capital and reserves

Called up share capital

5

1,000

1,000

Retained earnings

(39,632

)

(37,582

)

Shareholders' funds

(38,632

)

(36,582

)

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 director and authorised for issue on 18 September 2025 and were signed by:

Mr D K W Weimann - Director

1.	STATUTORY INFORMATION

Goetze UK 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.

These accounts are prepared on the going concern basis, the validity of which relies on the continued support of its parent company Goetze KG Armaturen whom have agreed to delay the repayment of any balance owing to them until such time as funds allow. On this basis the director of the company considers the company capable of meeting its current financial obligations.

Financial instruments

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's parent undertaking.

The parent undertaking continues to provide support to the company in the form of amounts advanced to meet day to day trading expenses and operating costs whilst the company establishes itself in the UK market. These amounts are repayable on demand. However, the directors have received assurances from the parent undertaking that they will not seek such repayment until the company can do so without detriment to its cash flow or payment of other creditors.

Therefore, the Directors believe that the company has adequate resources to continue its current operations and that it remains appropriate to prepare the company's financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

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 1 (2023 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

36,582

34,662

Other creditors

2,050

1,920

38,632

36,582

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

Mr Peter Whitehead BA FCA (Senior Statutory Auditor)

for and on behalf of Malcolm Piper & Company Limited

7.	RELATED PARTY DISCLOSURES

Transactions

During the year the parent undertaking Goetze KG Armaturen, made advances to the company of £1,920 (2023: £1,800).

Balances

The balance due to Goetze KG Armaturen, the company's sole shareholder, at the year end was £36,582 (2023: £34,662). This loan is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The company was controlled by the sole shareholder during the period, Goetze KG Armaturen, formerly known as Gerhard Goetze KG, a limited liability partnership based in Germany.