REGISTERED NUMBER: 06015958 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RMA PIPELINE EQUIPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Simone Schreiber

REGISTERED OFFICE:

1st Floor, Pennine Business Park

Longbow Close

Bradley

Huddersfield

West Yorkshire

HD2 1GQ

REGISTERED NUMBER:

06015958 (England and Wales)

AUDITORS:

Walter Dawson & Son

Chartered Accountants

First Floor, Unit 12

Pennine Business Park

Longbow Close, Bradley

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

12

204

CURRENT ASSETS

Debtors

5

541,655

294,781

Cash at bank and in hand

25,691

23,003

567,346

317,784

CREDITORS

Amounts falling due within one year

6

80,807

8,322

NET CURRENT ASSETS

486,539

309,462

TOTAL ASSETS LESS CURRENT LIABILITIES

486,551

309,666

CAPITAL AND RESERVES

Called up share capital

7

30,000

30,000

Profit and loss account

456,551

279,666

SHAREHOLDERS' FUNDS

486,551

309,666

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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:

Simone Schreiber - Director

1.	STATUTORY INFORMATION

RMA Pipeline Equipment Ltd 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.

Turnover

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

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 cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Income recognition

Income is recognised when services have been completed such that the risks and rewards of ownership have transferred to them.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

4,642

DEPRECIATION

At 1 January 2024

4,438

Charge for year

192

At 31 December 2024

4,630

NET BOOK VALUE

At 31 December 2024

12

At 31 December 2023

204

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

531,625

285,863

Other debtors

10,030

8,918

541,655

294,781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to related parties

34,786

3,750

Taxation and social security

34,952

-

Other creditors

11,069

4,572

80,807

8,322

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

30,000

Ordinary

£1

30,000

30,000

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

The Report of the Auditors was unqualified.

John Richard Hall (Senior Statutory Auditor)

for and on behalf of Walter Dawson & Son

9.	PENSION COMMITMENTS

The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £Nil (2023: £Nil). Contributions totalling £NIL (2023: £Nil) were payable at the year end and are included in creditors.

10.	RELATED PARTY DISCLOSURES

Mr A Truttenbach, through his shareholding in Chas Holdings AG, has control over a majority of shares in the company, and is deemed to be the controlling party for the purpose of Financial Reporting Standard No. 102.

RMA Kehl GmbH & Co KG and RMA Rheinau GmbH & Co KG have the same overall control as Chas Holdings AG and RMA Pipeline Equipment Limited.

Included in turnover is £187,238 (2023: £29,916) receivable from RMA Kehl GmbH & Co KG and £160,174 (2023: £97,072) receivable from RMA Rheinau GmbH & Co KG.

During the year ended 31 December 2024 the company paid management charges to the following group companies: £Nil (2023: £14,151) to RMA Kehl GmbH & Co KG and £Nil (2023: £5,741) to RMA Rheinau GmbH & Co KG.

As at 31 December 2024 RMA Pipeline Equipment Limited was owed from RMA Kehl GmbH & Co KG £302,242 (2023: £84,223) and was owed from RMA Rheinau GmbH & Co KG £229,383 (2023: £201,640).

As at 31 December 2024 RMA Pipeline Equipment Limited owed to Daimani AG £Nil (2023: £3,750), a company related to RMA Switzerland, a group company, by way of common control.

11.	ULTIMATE PARENT COMPANY

Chas Holdings AG (incorporated in Switzerland) is regarded by the director as being the Company's ultimate parent company.