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REGISTERED NUMBER: 09733653 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HII Nuclear UK Limited

Previously known as
HII Technical Solutions Limited

HII Nuclear UK Limited (Registered number: 09733653)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HII Nuclear UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Harvey
HII (UK) International Holding Company Limited





REGISTERED OFFICE: C17, Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR





REGISTERED NUMBER: 09733653 (England and Wales)





ACCOUNTANTS: Jon Dawson and Company
Unit C17 Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR

HII Nuclear UK Limited (Registered number: 09733653)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes $    $   

CREDITORS
Amounts falling due within one year 4 (6,109,885 ) (6,109,885 )
NET CURRENT LIABILITIES (6,109,885 ) (6,109,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,109,885

)

(6,109,885

)

CAPITAL AND RESERVES
Called up share capital 789,020 789,020
Retained earnings (6,898,905 ) (6,898,905 )
SHAREHOLDERS' FUNDS (6,109,885 ) (6,109,885 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 2 September 2024 and were signed on its behalf by:





C Harvey - Director


HII Nuclear UK Limited (Registered number: 09733653)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

HII Nuclear UK 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 company's financial statements have been prepared and presented in U.S.dollars ($). The company is a subsidiary of a US group and consequently, the directors consider that it is appropriate for the financial statements to be prepared in the currency of the group to which it belongs.

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.

Taxation
Taxation for the year 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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
The company ceased trading some years previously. The directors consider that it is appropriate for the financial statements to be prepared on the going concern basis . All necessary adjustments to the carrying value of assets and liabilities which arose at the time of the cessation of trade were made at that time and no further adjustments are now required.

HII Nuclear UK Limited (Registered number: 09733653)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) the contractual rights to the cash flows from the asset expire or are settled;
(b) substantially all the risks and rewards of the ownership of the asset are transferred to another party:
; or
(c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Amounts owed to group undertakings 6,109,885 6,109,885

5. RELATED PARTY DISCLOSURES

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.

HII Nuclear UK Limited (Registered number: 09733653)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. ULTIMATE CONTROLLING PARTY

Huntington Ingalls Industries Incorporated (a company incorporated in the U.S.A.) is regarded by the directors as being the company's ultimate parent company and ultimate controlling party.The results of the company are consolidated within the group financial statements of the ultimate controlling party.
The address of the ultimate controlling party, from where copies of the financial statements may be obtained is:
Huntington Ingalls Industries Incorporated
4101 Washington Avenue
Newport News
VirginIa 23607