REGISTERED NUMBER: 07618421 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ITT INDUSTRIES HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

Mr R Patel

SECRETARY:

Mr R Patel

REGISTERED OFFICE:

Unit 4- Faraday Office Park

Rankine Road

Basingstoke

Hampshire

RG24 8QB

REGISTERED NUMBER:

07618421 (England and Wales)

SENIOR STATUTORY AUDITOR:

Joanne Kingsnorth FCA

AUDITORS:

Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

FIXED ASSETS

Investments

4

9,317

10,749

CREDITORS

Amounts falling due within one year

5

10

18

NET CURRENT LIABILITIES

(10

)

(18

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,307

10,731

CAPITAL AND RESERVES

Called up share capital

6

1

1

Share premium

7

66,999

66,999

Retained earnings

7

(57,693

)

(56,269

)

SHAREHOLDERS' FUNDS

9,307

10,731

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 director and authorised for issue on 29 September 2025 and were signed by:

Mr R Patel - Director

1.	STATUTORY INFORMATION

ITT Industries Holdings Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit 4 Faraday Office Park, Rankin Road, Basingstoke, Hampshire, England, RG24 8QB. The registered number is 00814151.

The principal activity of the company is to act as an holding company for a subsidiary undertaking which is involved in the development, manufacture and sale of a range of products in the field of industrial technology.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest thousand unless stated otherwise.

During the comparative period, the company changed its period end from 30 June to 31 December, in order to align the reporting date with the wider group. The comparative information is for a six month period from 1 July - 31 December 2023 and is therefore not directly comparable.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have not been prepared on a going concern basis and have instead been prepared on the break up basis. The company is not considered a going concern as the directors intend to dissolve the company within the next twelve months.

Preparation of consolidated financial statements

The financial statements contain information about ITT Industries Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the statement of financial position. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£'000

COST

At 1 January 2024

and 31 December 2024

17,418

PROVISIONS

At 1 January 2024

6,669

Impairments

1,432

At 31 December 2024

8,101

NET BOOK VALUE

At 31 December 2024

9,317

At 31 December 2023

10,749

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

ITT Industries Limited

Registered office: Unit 4, Faraday Office Park, Rankine Road, Basingstoke, Hampshire, England, RG24 8QB

Nature of business: Manufacturing

%

Class of shares:

holding

Ordinary

100.00

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£'000

£'000

Amounts owed to group undertakings

-

1

Other creditors

10

17

10

18

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£'000

£'000

1,001

Ordinary

£1

1

1

7.

RESERVES

Share capital - Share capital represents the nominal value of shares that have been issued.

Share premium - The share premium account represents the premium arising on the issue of shares.

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

The Report of the Auditors was unqualified.

Basis of preparation

We draw attention to Note 2 ("Basis of preparing the financial statements") of the financial statements. The Company is not a going concern and the director does not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.

Our opinion is not modified in respect of this matter.

Joanne Kingsnorth FCA (Senior Statutory Auditor)

for and on behalf of Seymour Taylor Limited, Statutory Auditor

9.	ULTIMATE CONTROLLING PARTY

The directors consider ITT Industries Luxembourg S.A.R.L. to be the immediate parent company and ITT Inc. to be the ultimate parent company. ITT Inc. is a public company listed on the United States Securities and Exchange Commission, Washington DC 20549.

The largest and smallest group in which this company's information is consolidated is that of the ultimate holding company, ITT Inc, which prepares its consolidated financial statements to 31 December 2024. The registered office for this company, from where copies of the consolidated financial statements of ITT Inc. can be obtained from is 1133 Westchester Avenue, White Plains, NY 10604, United States of America.