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REGISTERED NUMBER: 04741043 (England and Wales)






















Cryotech (Grimsby) Limited

Financial Statements for the Year Ended 31st December 2023






Cryotech (Grimsby) Limited (Registered number: 04741043)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cryotech (Grimsby) Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: A J Howard





SECRETARY: Ms C A Howard





REGISTERED OFFICE: Birchin Way
Grimsby
NE Lincolnshire
DN31 2SG





REGISTERED NUMBER: 04741043 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Cryotech (Grimsby) Limited (Registered number: 04741043)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 262,808 273,806
Cash at bank 1 -
262,809 273,806
CREDITORS
Amounts falling due within one year 5 - 10,996
NET CURRENT ASSETS 262,809 262,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,809

262,810

CAPITAL AND RESERVES
Called up share capital 6 68 68
Capital redemption reserve 7 33 33
Retained earnings 7 262,708 262,709
SHAREHOLDERS' FUNDS 262,809 262,810

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 director and authorised for issue on 7th October 2024 and were signed by:





A J Howard - Director


Cryotech (Grimsby) Limited (Registered number: 04741043)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Cryotech (Grimsby) 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.

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.

Going Concern
The company transferred its trade and assets to its immediate parent company during the prior period. Consequently, the company has ceased trading and has become effectively a dormant company. The company has limited liabilities which will be settled using funds from the parent company which are due to the company. Therefore, the Directors have obtained a letter of parental support ensure this funding will be in place when it is required. The Directors have considered the parent company's ability to provide this support and concluded that it has substantial resources from which to provide this should it be required. On this basis, the Directors continue to adopt the going concern basis of preparation in these financial statements.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and subsequently measured using the amortised cost method which uses the effective interest method. At each balance sheet date, the directors asses trade and other debtors for evidence of indicators of impairment and where the directors conclude that amounts in respect of trade and other debtors are not recoverable, a specific bad debt provision is recognised. Trade debtors are not interest-bearing. Where the effects of discounting trade and other debtors is judged to be immaterial, such debtors are stated at cost less impairment losses in respect of bad debts.

Trade and other creditors
Trade and other creditors are initially recognised in the financial statements at transaction price. Trade and other creditors are then subsequently measured at amortised cost using the effective interest method, unless the effects of discounting would be considered immaterial. If the effects of discounting are judged to be immaterial, trade and other creditors are stated at cost. Trade creditors are not interest-bearing.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 262,783 263,830
Other debtors 25 9,976
262,808 273,806

Cryotech (Grimsby) Limited (Registered number: 04741043)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,045
Amounts owed to group undertakings - 9,951
- 10,996

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
68 Ordinary £1 68 68

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st January 2023 262,709 33 262,742
Deficit for the year (1 ) (1 )
At 31st December 2023 262,708 33 262,741

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

The Report of the Auditors was unqualified.

Matthew Fox FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. POST BALANCE SHEET EVENTS

On 24th June it was announced that the ultimate parent company, Arcus Infrastructure Partners, had agreed to sell the whole of the Constellation Cold Group to EQT, a global investment organisation with assets in Europe, Asia-Pacific and the Americas. The acquisition is expected to complete in the months following.

10. ULTIMATE CONTROLLING PARTY

As at the year end date the controlling party is Constellation Cold Logistics United Kingdom s.a.r.l. a company registered in Luxembourg.