Company registration number 09895932 (England and Wales)
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
346,603
364,277
Current assets
Stocks
260,798
263,644
Debtors
4
234,772
247,347
Cash at bank and in hand
211,845
243,974
707,415
754,965
Creditors: amounts falling due within one year
5
(441,271)
(446,983)
Net current assets
266,144
307,982
Total assets less current liabilities
612,747
672,259
Creditors: amounts falling due after more than one year
6
(564,721)
(569,694)
Net assets
48,026
102,565
Capital and reserves
Called up share capital
7
250,000
250,000
Profit and loss reserves
(201,974)
(147,435)
Total equity
48,026
102,565
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 October 2025 and are signed on its behalf by:
R E Ströbel
Director
Company registration number 09895932 (England and Wales)
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Käthe Wohlfahrt Great Britain Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17-19 Mulberry Hall, Stonegate, York, YO1 8ZW.

1.1
Accounting convention

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

T true he company made a loss for the year 31 March 2025 of £54,539 (2024: Loss of £10,331) and has net assets of £48,026 (2024: net assets of £102,565). 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 the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements with the continued support by the director.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
4% Straight line
Fixtures and fittings
20% Straight line
Computers
20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.8
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 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 and cash and bank balances, 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 financing 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.

KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 paymen ts 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. A m ounts 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.

1.9
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.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
15
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2024
511,355
13,679
10,879
535,913
Additions
-
0
3,822
-
0
3,822
At 31 March 2025
511,355
17,501
10,879
539,735
Depreciation and impairment
At 1 April 2024
150,496
11,076
10,064
171,636
Depreciation charged in the year
20,454
746
296
21,496
At 31 March 2025
170,950
11,822
10,360
193,132
Carrying amount
At 31 March 2025
340,405
5,679
519
346,603
At 31 March 2024
360,859
2,603
815
364,277
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
72,772
49,719
Deferred tax asset
-
0
35,628
72,772
85,347
KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Debtors
(Continued)
- 7 -
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
162,000
162,000
Total debtors
234,772
247,347
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,648
10,648
Trade creditors
414,149
417,426
Taxation and social security
5,295
7,273
Other creditors
11,179
11,636
441,271
446,983

Included in bank loans are amounts due to and secured by the UK government.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,160
14,300
Other creditors
560,561
555,394
564,721
569,694

Included in bank loans are amounts due to and secured by the UK government.

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
250,000 Ordinary shares of £1 each
250,000
250,000
8
Financial commitments, guarantees and contingent liabilities

At 31 March 20 2 5, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £2,069,171 (202 4: £2,199,167).

KÄTHE WOHLFAHRT GREAT BRITAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
2025
2024
£
£
Käthe Wohlfahrt KG
375,543
418,044

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Käthe Wohlfahrt KG
374,972
399,698

Of the amounts owed to Käthe Wohlfahrt KG at the year end, £374,972 (20 2 4: £399,689) relates to trade creditors and accruals. A loan of £560,561 (202 4: £555,394) was due to the Director at the year end and is included in other creditors. In this period interest of £16,239 has been paid in relation to this loan.

2025-03-31 2024-04-01 false false false 03 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity R E Ströbel H J Wohlfahrt 09895932 2024-04-01 2025-03-31 09895932 2025-03-31 09895932 2024-03-31 09895932 core:LeaseholdImprovements 2025-03-31 09895932 core:FurnitureFittings 2025-03-31 09895932 core:ComputerEquipment 2025-03-31 09895932 core:LeaseholdImprovements 2024-03-31 09895932 core:FurnitureFittings 2024-03-31 09895932 core:ComputerEquipment 2024-03-31 09895932 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09895932 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09895932 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09895932 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09895932 core:CurrentFinancialInstruments 2025-03-31 09895932 core:CurrentFinancialInstruments 2024-03-31 09895932 core:Non-currentFinancialInstruments 2025-03-31 09895932 core:Non-currentFinancialInstruments 2024-03-31 09895932 core:ShareCapital 2025-03-31 09895932 core:ShareCapital 2024-03-31 09895932 core:RetainedEarningsAccumulatedLosses 2025-03-31 09895932 core:RetainedEarningsAccumulatedLosses 2024-03-31 09895932 core:ShareCapitalOrdinaryShareClass1 2025-03-31 09895932 core:ShareCapitalOrdinaryShareClass1 2024-03-31 09895932 bus:Director1 2024-04-01 2025-03-31 09895932 core:LeaseholdImprovements 2024-04-01 2025-03-31 09895932 core:FurnitureFittings 2024-04-01 2025-03-31 09895932 core:ComputerEquipment 2024-04-01 2025-03-31 09895932 2023-04-01 2024-03-31 09895932 core:LeaseholdImprovements 2024-03-31 09895932 core:FurnitureFittings 2024-03-31 09895932 core:ComputerEquipment 2024-03-31 09895932 2024-03-31 09895932 core:WithinOneYear 2025-03-31 09895932 core:WithinOneYear 2024-03-31 09895932 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09895932 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09895932 bus:FRS102 2024-04-01 2025-03-31 09895932 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09895932 bus:Director2 2024-04-01 2025-03-31 09895932 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP