ACCOUNTS - Final Accounts

Registered number: 02727841

CONTINENTAL DISC UK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

CONTINENTAL DISC UK LIMITED

REGISTERED NUMBER: 02727841

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	354,614		291,364
Cash at bank and in hand	5	39,263		63,719
		393,877		355,083
Creditors: amounts falling due within one year	6	(194,030)		(183,208)
Net current assets			199,847		171,875

Net assets			199,847		171,875

Capital and reserves
Called up share capital	2	2
Capital redemption reserve	200,000	200,000
Profit and loss account	(155)	(28,127)
	199,847	171,875

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D O Churchman

Director

Date: 30 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

CONTINENTAL DISC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Continental Disc UK Limited is a private company limited by shares and is incorporated in England and Wales. The Company was incorporated under the Company registration number 02727841. The registered office is 910 The Crescent, Colchester Business Park, Colchester, CO4 9YQ.
The financial statements are rounded to the nearest British Pound, which is the functional currency of the Company.
The significant accounting policies applied in the presentation of these financial statements are set out below:

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. A group company, Continental Disc Corporation LLC, has confirmed in writing that it will provide sufficient financial support, should it be required, for the Company to meet its operating costs as they fall due for a period of at least 12 months from the date of approval of these financial statements.
The Directors are therefore satisfied that based on the availability of group financial support it is appropriate for the financial statements to be prepared on a going concern basis and that there is not a material uncertainty.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue for Continental Disc UK Limited is comprised of intercompany recharges.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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CONTINENTAL DISC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pounds.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

CONTINENTAL DISC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	339,984	291,306
Other debtors	27	58
Prepayments and accrued income	14,603	-
	354,614	291,364

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	39,263	63,719
	39,263	63,719

Page 4

CONTINENTAL DISC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	798	-
Amounts owed to group undertakings	76,743	80,517
Corporation tax	10,942	16,630
Other taxation and social security	17,729	13,587
Accruals and deferred income	87,818	72,474
	194,030	183,208

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £22,217 (2023 - £19,749). Contributions totalling £5,685 (2023 - £2,813) were payable to the fund at the balance sheet date and are included in creditors.

Related party transactions

During the current and previous periods the Company traded with Continental Disc BV, Continental Disc Corporation USA, and Corporation Disc Corporation PE. All of these companies form part of the group for which the ultimate parent undertaking is Robert Family Holdings Inc.
At the year end Continental Disc Corporation BV was owed £74,415 (2023 - £74,415) by the Company and Continental Disc Corporation PE was owed £2,328 (2023 - £6,102) by the Company, both in respect of trade balances, which are repayable on demand.
At the year end the Company was owed £339,984 (2023 - £291,306) from Continental Corporation PE in respect of trade balances.
The Company has taken advantage of the exemption under FRS 102 1A from disclosing transactions with fellow group undertakings.

9.	Controlling party

The Company's immediate parent undertaking is Continental Disc Corporation BV, a Company incorporated in the Netherlands. This is the smallest group for which group accounts are drawn up.
The ultimate parent undertaking is Tinicum Cardinal Holdings LLC, which is incorporated in the United States of America. The largest group of undertakings for which group accounts are drawn up are for Continental Disc Corporation LLC and which include Continental Disc UK Limited, are available from 3160 W Heartland Drive, Liberty, MO 64068-3385, U.S.A.

Page 5

CONTINENTAL DISC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Ryan Swann BA FCA (Senior Statutory Auditor) on behalf of MHA.

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