Year Ended
Registration number:
Peter Hahn Limited
Balance Sheet
30 September 2022
Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
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Company Registration Number: 03341321
Peter Hahn Limited
Notes to the Financial Statements
Year Ended 30 September 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Clientbase House
Woodview Road
Paignton
Devon
TQ4 7SR
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents mail order sales to external customers at invoiced amounts less value added tax. Payment is received on order and revenue is recognised on the dispatch of goods, when the risks and rewards have transferred from the company.
All returns are deducted from sales at the original invoiced amount less value added tax. Returns are recognised following the inspection of the returned goods and the issue of a refund to the customer.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Peter Hahn Limited
Notes to the Financial Statements
Year Ended 30 September 2022
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
Straight line basis over 3 years |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Peter Hahn Limited
Notes to the Financial Statements
Year Ended 30 September 2022
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Auditors' remuneration |
2022 |
2021 |
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Audit of the financial statements |
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Peter Hahn Limited
Notes to the Financial Statements
Year Ended 30 September 2022
Tangible assets |
Furniture, fittings and equipment |
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Cost or valuation |
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At 1 October 2021 |
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At 30 September 2022 |
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Depreciation |
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At 1 October 2021 |
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Charge for the year |
- |
At 30 September 2022 |
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Carrying amount |
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At 30 September 2022 |
- |
At 30 September 2021 |
- |
Debtors |
2022 |
2021 |
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Trade debtors |
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Amounts due from group undertakings |
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Other debtors |
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Prepayments |
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Creditors |
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Amounts due to group undertakings |
663,830 |
1,796,186 |
Taxation and social security |
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- |
Accruals and deferred income |
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Other creditors |
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Peter Hahn Limited
Notes to the Financial Statements
Year Ended 30 September 2022
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
|
|
|
170,000 |
|
170,000 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Related party transactions |
The company has taken advantage of the exemption in FRS 102 "Related Party Disclosures" from disclosing transactions with wholly owned members of the group.
Audit report |
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
Relationship between entity and parents
The parent of the smallest group in which these financial statements are consolidated is
Oskar-Schlemmer-Straße 11
80807 München
Germany