Imerys Talc UK Holding Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Imerys Talc UK Holding Limited

Balance Sheet

31 December 2024

	Note	2024 £ 000	2023 £ 000
Current assets
Debtors	5	2,845	914
Creditors: Amounts falling due within one year	6	(40)	(11)
Net assets		2,805	903
Capital and reserves
Called up share capital	7	827	827
Profit and loss account		1,978	76
Shareholders' funds		2,805	903

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 15 September 2025
 

......................................... E Vaudoyer Director

Company Registration Number: 01599006

Imerys Talc UK Holding Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Par Moor Centre
Par Moor Road
Par
Cornwall
PL24 2SQ
United Kingdom

These financial statements were authorised for issue by the director on 15 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Name of parent of group

These financial statements are consolidated in the financial statements of Imerys SA. The financial statements of Imerys SA can be obtained from the following address:

The Company Secretary
Imerys SA
43 Quai de Grenelle
75015 Paris
France.

Imerys Talc UK Holding Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Group accounts not prepared

The financial statements contain information about Imerys Talc UK Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group.

The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of Imerys SA, a company incorporated in France. The financial statements of Imerys SA can be obtained from the following address:

The Company Secretary
Imerys SA
43 Quai de Grenelle
75015 Paris
France.

Going concern

It is the intention of the director to liquidate the company within 12 months of approval of these financial statements, following the successful liquidation of the company's only remaining subsidiary company. The steps will involve a capital reduction, and a dividend in specie of its distributable reserves to its parent company. The company will then be wound up. Therefore, the financial statements have been prepared on a basis other than going concern. Where appropriate, the balance sheet was reviewed to ensure assets were written down to net realisable value, and provisions made for commitments that were onerous at the balance sheet date. No material adjustments arose as a result of these changes.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense
recognised as other comprehensive income is also recognised directly in other comprehensive
income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the company operates
and generates taxable income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

The carrying values of the investments are reviewed periodically by considering the net asset values of the investments at the end of their respective accounting periods or their most recent operating profit and an estimate of future profitability.

Imerys Talc UK Holding Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and creditors; and
• Intercompany loans.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for intercompany loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Intercompany loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4	Investments

Subsidiaries	£ 000
Cost or valuation
At 1 January 2024 and 31 December 2024	3,967
Provision
At 1 January 2024 and 31 December 2024	3,967
Carrying amount
At 31 December 2024	-
At 31 December 2023	-

Imerys Talc UK Holding Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

4	Investments (continued)