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Registered number: 11948149
Hoffmaster UK Buyco Limited
Directors' Report and Financial Statements
Information for filing with the registrar
For the year ended 31 December 2022
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Hoffmaster UK Buyco Limited
Registered number: 11948149
Balance Sheet
As at 31 December 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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Equity attributable to owners of the parent Company
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The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 July 2023.
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A Holt
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The notes on pages 2 to 5 form part of these financial statements.
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Hoffmaster UK Buyco Limited
Notes to the Financial Statements
For the year ended 31 December 2022
Hoffmaster UK Buyco Limited is a private company limited by share capital and incorporated in England and Wales, the company number is 11948149. The address of the registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Finance costs are charged to profit or loss 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.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Hoffmaster UK Buyco Limited
Notes to the Financial Statements
For the year ended 31 December 2022
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.
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Hoffmaster UK Buyco Limited
Notes to the Financial Statements
For the year ended 31 December 2022
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The average monthly number of employees, including the directors, during the year was as follows:
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Investments in subsidiary company
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On 23 August 2022, the Company disposed of 100% of the share capital of its subsidiary entity, The Paper Drinking Straw Company Limited.
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Hoffmaster UK Buyco Limited
Notes to the Financial Statements
For the year ended 31 December 2022
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Creditors: Amounts falling due after more than one year
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Amounts owed to parent undertakings
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Allotted, called up and fully paid
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1,125,600 (2021 - 1,125,600) Ordinary shares of £1.00 each
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Profit and loss account
The profit and loss account represents accumulated profits and losses since incorporation, net of dividends paid.
Hoffmaster Group Inc (Wisconsin USA) is the ultimate parent undertaking and its registered office is 2920 N Main St, Oshkosh, WI 54901, United States.
The auditors' report on the financial statements for the Year ended 31 December 2022 was unqualified.
The audit report was signed on 12 July 2023 by Jo Gibson (senior statutory auditor) on behalf of Hurst Accountants Limited.
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