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Titanium Industries Europe Limited
Registered number: 07216298
Financial statements
Information for filing with the registrar
For the year ended 31 December 2024
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TITANIUM INDUSTRIES EUROPE LIMITED
REGISTERED NUMBER: 07216298
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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TITANIUM INDUSTRIES EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Titanium Industries Europe Limited is a private company, limited by shares, incorporated in England and Wales and domiciled in England.
The registered office is Unit 38 Elmdon Trading Estate, Bickenhill Lane, Birmingham, West Midlands B37 7HE. The Company's registered number is 07216298.
The principal activity of the company continued to be that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 ("FRS 102"), the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The company has not traded in the current or previous financial year, hence a profit and loss account for the period under review has not been presented.
The directors have assessed if the business has adequate financial and non-financial resources available to continue to without significant disruption, and meet its liabilities as and when they fall due. The Board have also sought and received confirmation from its parent undertaking, Titanium Industries International LLC, they continue to provide any required financial and non-financial support for the foreseeable future. As a result, the directors confirm that at the time of signing they know of no reason why the company will not continue as a going concern for the foreseeable future and therefore prepare these financial statements on that basis.
Investments in subsidiaries are measured at cost less any permanent impairment in value.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors confirm there are no estimates and assumptions that have a significant risk of causing a material adjustment.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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TITANIUM INDUSTRIES EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Investments in subsidiary undertakings
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The following were subsidiary undertakings of the Company:
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Titanium Industries U.K Limited
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Global Metal Trading (UK) Limited
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Titanium Industries Norway AS
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TITANIUM INDUSTRIES EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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4,572,274 (2023 - 4,572,274) Ordinary shares of £1.00 each
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Share premium account
Includes any premium received on the issue of share capital.
Other reserves
Relates to capital contributions from the parent undertaking.
Profit & loss account
Includes all current and prior period retained profits and losses.
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Related party transactions
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The company has taken advantage of the exemption under FRS 102 "Related Party Disclosures" not to disclose related party transactions between companies which are 100% or more owned by the ultimate parent company.
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Post balance sheet events
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There are no events affecting the company following the year end.
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Immediate and ultimate parent undertaking
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The immediate and ultimate parent undertaking is Titanium Industries International LLC, a company registered in the United States of America.
Copies of consolidated financial statements of Titanium Industries LLC, in which these accounts are consolidated, are available from:
18 Green Pond Road,
Rockaway
NJ, USA,
07866
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TITANIUM INDUSTRIES EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 11 July 2025 by Stephen English (Senior Statutory Auditor) on behalf of Forvis Mazars LLP.
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