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REGISTERED NUMBER: 01455884 (England and Wales)











HINGEROSE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,517 11,663

CURRENT ASSETS
Stocks 288,699 437,340
Debtors 5 1,243,896 841,801
Cash at bank and in hand 30,031 41,532
1,562,626 1,320,673
CREDITORS
Amounts falling due within one year 6 326,493 546,061
NET CURRENT ASSETS 1,236,133 774,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,650

786,275

CAPITAL AND RESERVES
Called up share capital 7 50 50
Retained earnings 1,238,600 786,225
SHAREHOLDERS' FUNDS 1,238,650 786,275

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 and authorised for issue by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





A Schiesl - Director


HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hingerose Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01455884

Registered office: Unit 4 Henson Park
Henson Way
Kettering
Northamptonshire
NN16 8PX

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.

Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the period of the lease
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2023 7,139 40,202 7,969 55,310
Additions - - 1,455 1,455
Disposals - (33,088 ) (3,912 ) (37,000 )
At 31 December 2023 7,139 7,114 5,512 19,765
DEPRECIATION
At 1 January 2023 7,139 32,265 4,243 43,647
Charge for year - 1,657 537 2,194
Eliminated on disposal - (26,873 ) (1,720 ) (28,593 )
At 31 December 2023 7,139 7,049 3,060 17,248
NET BOOK VALUE
At 31 December 2023 - 65 2,452 2,517
At 31 December 2022 - 7,937 3,726 11,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 279,296 277,142
Amounts owed by group undertakings 927,813 540,221
Other debtors 8,685 8,685
Corporation tax 615 -
Prepayments and accrued income 27,487 15,753
1,243,896 841,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,143 9,374
Amounts owed to group undertakings 170,345 367,208
Corporation tax - 13,161
Social security and other taxes 5,976 5,887
VAT 95,279 103,653
Other creditors 2,848 1,998
Accruals and deferred income 44,902 44,780
326,493 546,061

HINGEROSE LIMITED (REGISTERED NUMBER: 01455884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

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

The Report of the Auditors was unqualified.

David Ian Baker FCCA (Senior Statutory Auditor)
for and on behalf of CFW Accountants LLP

9. OTHER FINANCIAL COMMITMENTS

There are other financial commitments at the balance sheet date, in the form of operating leases, amounting to £61,073 (2022 - £53,351).

10. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Haskel Europe Ltd whose registered office is North Hylton Road, Sunderland, SR5 3JD.

The ultimate parent undertaking and controlling party is Ingersoll Rand Inc, a company incorporated in Delaware, USA.

The results of the company are consolidated into the financial statements of Ingersoll Rand Inc, a company incorporated in Delaware, USA. These financial statement can be obtained on the USA Securities and Exchange Commission website.