REGISTERED NUMBER: 01455884 (England and Wales)

HINGEROSE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,586

2,517

CURRENT ASSETS

Stocks

264,435

288,699

Debtors

5

1,742,291

1,243,896

Cash at bank

30,020

30,031

2,036,746

1,562,626

CREDITORS

Amounts falling due within one year

6

373,920

326,493

NET CURRENT ASSETS

1,662,826

1,236,133

TOTAL ASSETS LESS CURRENT LIABILITIES

1,666,412

1,238,650

CAPITAL AND RESERVES

Called up share capital

7

50

50

Retained earnings

1,666,362

1,238,600

SHAREHOLDERS' FUNDS

1,666,412

1,238,650

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 17 September 2025 and were signed on its behalf by:

A Schiesl - Director

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.

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 8 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

property

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,139

7,114

5,512

19,765

Additions

-

-

1,473

1,473

At 31 December 2024

7,139

7,114

6,985

21,238

DEPRECIATION

At 1 January 2024

7,139

7,049

3,060

17,248

Charge for year

-

17

387

404

At 31 December 2024

7,139

7,066

3,447

17,652

NET BOOK VALUE

At 31 December 2024

-

48

3,538

3,586

At 31 December 2023

-

65

2,452

2,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

268,296

279,296

Amounts owed by group undertakings

1,411,615

927,813

Other debtors

10,030

8,685

Corporation tax

27,910

615

Prepayments and accrued income

24,440

27,487

1,742,291

1,243,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

14,755

7,143

Amounts owed to group undertakings

207,044

170,345

Social security and other taxes

6,637

5,976

VAT

102,534

95,279

Other creditors

2,338

2,848

Accruals and deferred income

40,612

44,902

373,920

326,493

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

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 £50,058 (2023 - £23,950).

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.