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REGISTERED NUMBER: 14048283 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Humber Industrials Limited

Humber Industrials Limited (Registered number: 14048283)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Humber Industrials Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Gale
J Gale
AS Field





REGISTERED OFFICE: C/o International Processplants (Europe)
Postal Pages Unit 3 Proctor Court
Boeing Way Preston Farm Industrial Est
Stockton on Tees
TS18 3TE





REGISTERED NUMBER: 14048283 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Humber Industrials Limited (Registered number: 14048283)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5,732,939 5,963,500
Debtors 4 345,821 941,530
Cash at bank 439,826 90,278
6,518,586 6,995,308
CREDITORS
Amounts falling due within one year 5 6,284,103 7,086,253
NET CURRENT ASSETS/(LIABILITIES) 234,483 (90,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,483

(90,945

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 234,482 (90,946 )
SHAREHOLDERS' FUNDS 234,483 (90,945 )

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 23 July 2025 and were signed on its behalf by:





AS Field - Director


Humber Industrials Limited (Registered number: 14048283)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Humber Industrials 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Humber Industrials Limited (Registered number: 14048283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 1 1
Amounts owed by participating interests 173,401 -
VAT 37,744 819,563
Prepayments 45,542 21,633
256,688 841,197

Amounts falling due after more than one year:
Prepayments 89,133 100,333

Aggregate amounts 345,821 941,530

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,045 1,800
Amounts owed to group undertakings 5,802,328 7,016,181
Amounts owed to participating interests - 6,696
Taxation 75,000 -
Accrued expenses 398,730 61,576
6,284,103 7,086,253

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,600 -
Between one and five years 98,400 -
In more than five years 1,517,000 -
1,640,000 -

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

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

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, ACA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

Humber Industrials Limited (Registered number: 14048283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RELATED PARTY DISCLOSURES

During the year the company undertook transactions with various related parties, and/or provided or received funds to assist or to be assisted with working capital requirements as detailed below:

Group companies
2024 2023
£    £   

Loan provided to Humber Industrials Limited 1,146 6,262,000

Costs paid on behalf of Humber Industrials Limited - 174,181

Sales invoiced from Humber Industrials Limited (162,529 ) -

Total amount owed by Humber Industrials Limited at the year end 5,802,328 7,016,181

Interest is charged on the loan at a rate of 4% per annum.

Other related parties - common control
2024 2023
£    £   

Costs paid on behalf of Humber Industrials Limited 880,207 6,696

Sales invoiced from Humber Industrials Limited (1,053,608 ) -

Total amount owed (to)/by Humber Industrials Limited at the year end (173,401 ) 6,696

10. ULTIMATE HOLDING COMPANY

The parent company is Grimsby Investments LLC, 410 Princeton Highstown Road, Princeton Junction, New Jersey, a company incorporated in United States of America.

The ultimate holding company is International Process Plants & Equipment Corporation, 410 Princeton Highstown Road, Princeton Junction, New Jersey, a company incorporated in United States of America.