Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10279059 Mr Andriani Meik Mr Richard Nava Mr Gianfranco Natali Cjb Secretarial Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10279059 2023-12-31 10279059 2024-12-31 10279059 2024-01-01 2024-12-31 10279059 frs-core:CurrentFinancialInstruments 2024-12-31 10279059 frs-core:Non-currentFinancialInstruments 2024-12-31 10279059 frs-core:ShareCapital 2024-12-31 10279059 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10279059 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10279059 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10279059 frs-bus:SmallEntities 2024-01-01 2024-12-31 10279059 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10279059 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10279059 frs-core:ListedExchangeTraded 2024-12-31 10279059 frs-core:ListedExchangeTraded 2023-12-31 10279059 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 10279059 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 10279059 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 10279059 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 10279059 frs-bus:Director1 2024-01-01 2024-12-31 10279059 frs-bus:Director2 2024-01-01 2024-12-31 10279059 frs-bus:Director3 2024-01-01 2024-12-31 10279059 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10279059 frs-countries:EnglandWales 2024-01-01 2024-12-31 10279059 2022-12-31 10279059 2023-12-31 10279059 2023-01-01 2023-12-31 10279059 frs-core:CurrentFinancialInstruments 2023-12-31 10279059 frs-core:Non-currentFinancialInstruments 2023-12-31 10279059 frs-core:ShareCapital 2023-12-31 10279059 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10279059
FAIST LIGHT METALS LIMITED
Financial Statements
For The Year Ended 31 December 2024
FAIST LIGHT METALS LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
FAIST LIGHT METALS LIMITED
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 10279059

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
FIXED ASSETS
Investments | 4 |  | 34,002,605 |  | 34,002,605
|  |  | 34,002,605 |  | 34,002,605
CURRENT ASSETS
Debtors | 5 | 25,358,143 |  | 4,249,703 |
Cash at bank and in hand |  | 93,374 |  | 35,811 |
|  | 25,451,517 |  | 4,285,514 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,762,892 ) |  | (5,473,716 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 22,688,625 |  | (1,188,202 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 56,691,230 |  | 32,814,403
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (43,422,563 ) |  | (22,517,190 )
NET ASSETS |  |  | 13,268,667 |  | 10,297,213
CAPITAL AND RESERVES
Called up share capital | 9 |  | 42,904,340 |  | 38,881,617
Profit and Loss Account |  |  | (29,635,673 ) |  | (28,584,404 )
SHAREHOLDERS' FUNDS |  |  | 13,268,667 |  | 10,297,213

Page 1
Page 2
FAIST LIGHT METALS LIMITED
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Richard Nava Director
16/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
FAIST LIGHT METALS LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
FAIST LIGHT METALS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10279059 . The registered office is Northern & Shell Building, 10 Lower Thames Street, London, EC3R 6AF.
Faist Light Metals Limited (the Company) is the UK holding company of the Light Metals Division within the
FAIST Group.
The company’s immediate parent undertaking and ultimate controlling party is Faist Limited, which is wholly owned and controlled by M. Gianfranco Natali.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into EUR at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into EUR at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments

| Listed
--- | ---
| €
Cost
As at 1 January 2024 | 34,002,605
As at 31 December 2024 | 34,002,605
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 34,002,605
As at 1 January 2024 | 34,002,605

Subsidiarie undertakings
The following were subsidiarie undertakings:
Name Registered office Principal activity Holding
Faist Mekatronic SRL Romania Manufacturing 100%
FAIST Light Metals Engineering Italy Manufacturing 100%
Faist Systeme Gmbh Germany Manufacturing 100%
FAIST ALUCAST S DE RL DE CV Mexico Manufacturing 100%
FAIST Light Metals Tennessee LLC USA Manufacturing 100%
Page 3
Page 4
FAIST LIGHT METALS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Other debtors | 1,814,473 |  | 376,461
Due after more than one year
Amounts owed by group undertakings | 23,543,670 |  | 3,873,242
| 25,358,143 |  | 4,249,703

Short term debtors are measured at transaction price, less any impairment.
Amounts owed by Group undertakings, for a total amount of €22,703,971 were unsecured, with an interest
rate of 12 month Euribor + 3% and due for repayment in 2025.
Remaining balance of €839,699 was unsecured, interests free and due for repayment in 2025.
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Trade creditors | 2,507 |  | 502,961
Amounts owed to group undertakings | 1,419,023 |  | 4,966,833
Other creditors | 1,341,362 |  | 3,922
| 2,762,892 |  | 5,473,716

Short term creditors are measured at the transaction price.
7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Amounts owed to group undertakings | 41,922,563 |  | 22,517,190
Other creditors | 1,500,000 |  | -
| 43,422,563 |  | 22,517,190

8. Deferred Taxation
Tax is recognised in the Statement of Comprehensive Income, 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 reporting date in the countries where the company operates
and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by Balance Sheet date.
The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.
Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted
by the reporting date.
The company is not within the scope of the OECD Pillar Two model rules.
Page 4
Page 5
FAIST LIGHT METALS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Allotted, Called up and fully paid | 42,904,340 |  | 38,881,617

€42,904,340 (2023 - €38,881,617) Ordinary shares of €1.00 each
The company issued €4,022,723 €1 Ordinary shares during the year.
10. Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
Page 5