Year Ended
Registration number:
Imerys Minerals Holding Limited
Balance Sheet
31 December 2024
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2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
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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
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Company Registration Number: 07640343
Imerys Minerals Holding Limited
Notes to the Financial Statements
Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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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.
The functional currency is US dollars as the company invests in US subsidiaries. This is the same as the presentational currency.
Name of parent of group
The Company Secretary
Imerys SA
43 Quai de Grenelle
75015 Paris
France
Going concern
It is the intention of the director to voluntarily apply to the Registrar of Companies for the company to be struck off within 12 months of approval of these financial statements. The steps will involve settling intercompany creditor balances where required. The company will then be struck off. Therefore, the financial statements have been prepared on a basis other than going concern. Where appropriate, the balance sheet was reviewed to ensure liabilities were held as current, and provisions made for commitments that were onerous at the balance sheet date. No material adjustments arose as a result of these changes.
Imerys Minerals Holding Limited
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
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Accounting policies (continued) |
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.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Intercompany loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Imerys Minerals Holding Limited
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
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Debtors |
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Note |
2024 |
2023 |
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Amounts due from group undertakings |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Amounts due to group undertakings |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. 000 |
US$ 000 |
No. 000 |
US$ 000 |
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42,050 |
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42,050 |
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Related party transactions |
The Company has taken advantage of the exemption provided by FRS 102 paragraph 33.1A to not disclose transactions entered in to between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
Imerys Minerals Holding Limited
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
Imerys SA
43 Quai de Grenelle
75015 Paris
France
The ultimate controlling party is
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Audit report |