Impala Terminals UK Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 01238849 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IMPALA TERMINALS UK LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Ahmed

S A Jansma

REGISTERED OFFICE:

14 St. George Street

London

W1S 1FE

REGISTERED NUMBER:

01238849 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

CURRENT ASSETS

Cash at bank

-

666

TOTAL ASSETS LESS CURRENT

LIABILITIES

-

666

CAPITAL AND RESERVES

Called up share capital

4

38,572

Retained earnings

(38,572

)

(37,906

)

SHAREHOLDERS' FUNDS

-

666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

N Ahmed - Director

S A Jansma - Director

1.	STATUTORY INFORMATION

Impala Terminals UK 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.

Going concern

During the prior period the company's parent company commenced payment of all liabilities incurred by the company and has agreed that they will not be recharged.

They have also agreed that this will continue for at least the next 12 months such that the company will not incur any costs.

On this basis the directors believe that the going concern basis for the preparation of the accounts is appropriate.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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.

3.	EMPLOYEES AND DIRECTORS

Other than the directors, the company had no employees in either ths or the previous year, Remuneration is being paid to the directors by other group companies but it is not possible to allocate a proportion of such remuneration to services provided to Impala Terminals UK Ltd.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

38,572

'B' Ordinary

£1

38,572

5.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The immediate parent undertaking is IWL Metals BV, a company incorporated in the Netherlands. Group financial statements may be obtained from their registered offices, IWL Metals BV, Evert van de Beekstraat 1,82 The Base, Tower B, 5th Floor, 1118CL, Schipol Netherlands

The ultimate parent undertaking is Farringford Foundation, an entity established under the laws of Panama.

In the opinion of the directors, there is no controlling party.