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REGISTERED NUMBER: 12327889 (England and Wales)


















HST MARINE HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022






HST MARINE HOLDINGS LIMITED (REGISTERED NUMBER: 12327889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HST MARINE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022







DIRECTORS: D Carman
A Mcdonald
C Monan
T A Nevin
I G Oxford
J Proctor
P Berg


REGISTERED OFFICE: 11 Axis Court
Riverside Business Park
Swansea Vale
Swansea
SA7 0AJ


REGISTERED NUMBER: 12327889 (England and Wales)


AUDITORS: MHA
Chartered Accountants and Statutory Auditor
Swansea, United Kingdom


AUDITORS OFFICE: 3 New Mill Court
Swansea Enterprise Park
Swansea
SA7 9FG

HST MARINE HOLDINGS LIMITED (REGISTERED NUMBER: 12327889)

BALANCE SHEET
31 DECEMBER 2022

2022 2022
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,661,269 300

CURRENT ASSETS
Debtors 5 1,400 1,400
Cash at bank 81 -
1,481 1,400
CREDITORS
Amounts falling due within one year 6 44,832 2,292
NET CURRENT LIABILITIES (43,351 ) (892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,617,918

(592

)

CAPITAL AND RESERVES
Called up share capital 410 200
Share premium 5,661,269 -
Retained earnings (43,761 ) (792 )
5,617,918 (592 )

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 Board of Directors and authorised for issue on 11 August 2023 and were signed on its behalf by:





I G Oxford - Director


HST MARINE HOLDINGS LIMITED (REGISTERED NUMBER: 12327889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022


1. STATUTORY INFORMATION

HST Marine Holdings Limited 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 (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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.

The comparatives are unaudited.

The company has changed the financial year-end from 28 February to 31 December to align with fellow group companies. Therefore the comparative amounts presented in these financial statements (including the related notes) are not entirely comparable.

Preparation of consolidated financial statements
The financial statements contain information about HST Marine Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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
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.


HST MARINE HOLDINGS LIMITED (REGISTERED NUMBER: 12327889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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 period 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.

Going concern
In the opinion of the directors, preparing the financial statements on the going concern basis is appropriate due to the continued support of the ultimate parent company, Purus Wind Ltd. The directors have received confirmation that Purus Wind Ltd Ltd intends to support the Company for a period of at least one year after these financial statements have been signed.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022 300
Additions 5,660,969
At 31 December 2022 5,661,269
NET BOOK VALUE
At 31 December 2022 5,661,269
At 28 February 2022 300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
(Unaudited)
£    £   
Trade debtors 1,400 1,400

HST MARINE HOLDINGS LIMITED (REGISTERED NUMBER: 12327889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 DECEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
(Unaudited)
£    £   
Amounts owed to group undertakings 38,398 1,344
Other creditors 6,434 948
44,832 2,292

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

The Report of the Auditors was unqualified.

Brian Garland BA ACA (Senior Statutory Auditor)
for and on behalf of MHA

8. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Purus Wind Ltd. The ultimate controlling party is Purus Marine Holdings LP which is registered in the Cayman Islands.