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REGISTERED NUMBER: 01120845 (England and Wales)

HUNGER HYDRAULIC U.K. LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 6

| HUNGER HYDRAULIC U.K. LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Ms I M Hunger

| Mr A T Room

| SECRETARY: | Mr A T Room

| REGISTERED OFFICE: | Kemp House

| 160 City Road

| London

| EC1V 2NX

| REGISTERED NUMBER: | 01120845 (England and Wales)

| AUDITORS: | Morris Owen

| Statutory Auditors

| 43-45 Devizes Road

| SWINDON

| Wiltshire

| SN1 4BG

| BANKERS: | Lloyds Bank Plc

| Swindon Brunel Centre

| 82 Regent Street

| Swindon

| SN1 1JZ

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,092 |  | 2,929 |  |

CURRENT ASSETS

Stocks | 5,915 |  | 6,302 |  |

Debtors | 5 | 675,043 |  | 1,269,615 |  |

Cash at bank and in hand | 199,603 |  | 254,321 |  |

880,561 |  | 1,530,238 |  |

CREDITORS

Amounts falling due within one year | 6 | 735,528 |  | 1,404,629 |  |

NET CURRENT ASSETS | 145,033 |  | 125,609 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 148,125 |  | 128,538 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10,000 |  | 10,000 |  |

Retained earnings | 138,125 |  | 118,538 |  |

SHAREHOLDERS' FUNDS | 148,125 |  | 128,538 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:

Ms I M Hunger - Director

Mr A T Room - Director

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Hunger Hydraulic U.K. Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office are as below:

| Registered number: 01120845

| Registered office: Kemp House, 160 City Road, London, EC1V 2NX.

| The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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

| Hunger Hydraulic U.K. Limited is a UK subsidiary of the Dr Walter Hunger Holding GmbH & Co. KG

| group and operates as a technical office for the sale and servicing requirements of the UK customer base of the wider Hunger Group. The company itself relies on both the technical and manufacturing facilities operated by the other group entities from which it procures its products and services for sale to customers in the UK. The company has received formal assurances from the parent company that the UK subsidiary remains an important strategic component within the group and has committed to continuing to provide it access to its technical and manufacturing services for the foreseeable future.

| In addition to this, the directors have produced formal budgets and cashflows for the forthcoming period which shows the company operating within its current financial resources. The directors have also produced management accounts to date showing the company trading in line with these budgets.

| The directors therefore consider the company to be a going concern.

| Significant judgements and estimates

| Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

| Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.

| Turnover

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

| Turnover is recognised when goods are dispatched or are made available for collection.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on reducing balance

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| Financial instruments

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 1 (2023 - 1 ) .

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2024 | 10,446 |  |

| Additions | 1,113 |  |

| Disposals | (804 | ) |

| At 31 December 2024 | 10,755 |  |

| DEPRECIATION

| At 1 January 2024 | 7,517 |  |

| Charge for year | 780 |  |

| Eliminated on disposal | (634 | ) |

| At 31 December 2024 | 7,663 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,092 |  |

| At 31 December 2023 | 2,929 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 95,168 |  | 168,924 |  |

| Amounts owed by group undertakings | 15,059 |  | - |  |

| Other debtors | 564,816 |  | 1,100,691 |  |

675,043 |  | 1,269,615 |  |

| Included within other debtors is an amount totalling £555,459 (2023: £1,091,448) in respect of advanced payments made for the purchase of goods.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 54,925 |  | 4,431 |  |

| Amounts owed to group undertakings | 15,522 |  | 462,137 |  |

| Taxation and social security | 19,312 |  | 59,683 |  |

| Other creditors | 645,769 |  | 878,378 |  |

735,528 |  | 1,404,629 |  |

| Included within other creditors is an amount totalling £635,717 (2023: £865,830) in respect of deferred income received for the sale of goods fulfilled after the balance sheet date.

HUNGER HYDRAULIC U.K. LIMITED (REGISTERED NUMBER: 01120845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 2,150 |  | 3,225 |  |

| Between one and five years | - |  | 2,150 |  |

2,150 |  | 5,375 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10,000 | Ordinary | 1 | 10,000 |  | 10,000 |  |

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

| The Report of the Auditors was unqualified.

| David John Marshall FCA CTA (Senior Statutory Auditor)

| for and on behalf of Morris Owen

10. | CONTROLLING PARTY

| The company is a 75% owned subsidiary of Walter Hunger International GmbH, which is registered in Germany and under the ultimate control of Ms I M Hunger.