Happich UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07405397

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,006,266		1,006,266

			1,006,266		1,006,266
Creditors: Amounts Falling Due Within One Year	5	(8,250 )		(119,555 )

NET CURRENT ASSETS (LIABILITIES)			(8,250 )		(119,555 )

TOTAL ASSETS LESS CURRENT LIABILITIES			998,016		886,711

Creditors: Amounts Falling Due After More Than One Year	6		(1,263,518 )		(1,143,232 )

NET LIABILITIES			(265,502 )		(256,521 )

CAPITAL AND RESERVES
Called up share capital	7		10,000		10,000
Profit and Loss Account			(275,502 )		(266,521 )

SHAREHOLDERS' FUNDS			(265,502)		(256,521)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Trevor John Andrews

Director

24 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Happich UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07405397 . The registered office is Crossgate Road, Park Farm Industrial Estate, Redditch, Worcestershire, B98 7SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the balance sheet date, the company had net liabilities £241,278 and is reliant upon the financial health of its trading subsidiary. At the time of signing these accounts, the company's trading subsidiary is profitable and solvent. Moreover, the amounts owed to its parent company are not due for a period greater than 12 months. Accordingly, the directors consider that the company remains a going concern and will continue to be so for a period of at least 12 months from the date of signing these accounts.

2.3. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5. Finance Costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	1,006,266

As at 31 December 2024	1,006,266

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,006,266

As at 1 January 2024	1,006,266

Subsidiary Undertakings

Name	Principal Activity	Class of Shares	Holding
Happich WBH Limited	Supplier of access control systems	Ordinary	100%

The registered office of Happich WBH Limited is Crossgate Road, Park Farm Industrial Estate, Redditch, B98 7SN.

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Happich UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	8,250	4,000
Amounts owed to group undertakings	-	115,555

	8,250	119,555

6. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	1,263,518	1,143,232

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,000	10,000

8. Reserves

The profit and loss account represents all current and prior periods retained profits and losses after the payment of dividends.

9. Related Party Transactions

The company has taken advantage of the FRS102 section 33.1A exemption from disclosing transactions with wholly owned group companies.

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Ultimate Controlling Party

The immediate parent company by virtue of its 100% shareholding in the company, is Happich GmbH, a company registered in Germany. Happich GmbH, prepares consolidated accounts and these are available from the company's registered office at Lise-Meitner-Strabe 14, 42119 Wuppertal, Germany.

12. Audit Information

The auditor's report on the accounts of Happich UK Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Neil Harrison (Senior Statutory Auditor) for and on behalf of Harrison Partners Limited , Statutory Auditor.

Harrison Partners Limited

9 Mill Street

Sutton Coldfield

B72 1TJ

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