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# ALTA PERFORMANCE MATERIALS LIMITED

## Company Registration Number:
11506805 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# ALTA PERFORMANCE MATERIALS LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# ALTA PERFORMANCE MATERIALS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The Company complies with UK REACH regulation status in the United Kingdom for the Composites business. The Company previously sold Butanediol and Composites chemicals to end producers in the United Kingdom under a distribution agreement that ended on 31 December 2020. As a result of the implementation of the new UK REACH regulations the Company is expected to be used as a distributor for Composites Resin in the future, but the timing of this remains uncertain. The Company also forms part of the group of companies referred to as INEOS Enterprises Holdings Limited (the “Group”), which operates within the wider INEOS Group.

Political and charitable donations

The Company made no charitable donations (2023: £nil) and no political contributions (2023: £nil) during the year.

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Steven Jamieson
Andrew Miller
Andrew Brown
John Nicolson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 December 2025

And signed on behalf of the board by:
Name: Steven Jamieson
Status: Director

# ALTA PERFORMANCE MATERIALS LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 0 | 0
Cost of sales: | 0 | 0
Gross profit(or loss): | 0 | 0
Distribution costs: | 0 | 0
Administrative expenses: | ( 9 ) | ( 1 )
Other operating income: | 0 | 0
Operating profit(or loss): | (9) | (1)
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | ( 2 ) | ( 3 )
Profit(or loss) before tax: | (11) | (4)
Tax: | ( 10 ) | 3
Profit(or loss) for the financial year: | (21) | (1)

# ALTA PERFORMANCE MATERIALS LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: |  | 0 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 0 | 0
Current assets
Stocks: |  | 0 | 0
Debtors: | 3 | 1 | 36
Cash at bank and in hand: |  | 499 | 510
Investments: |  | 0 | 0
Total current assets: |  | 500 | 546
Net current assets (liabilities): |  | 500 | 546
Total assets less current liabilities: |  | 500 | 546
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | ( 25 )
Total net assets (liabilities): |  | 500 | 521
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 468 | 468
Other reserves: |  | 0 | 0
Profit and loss account: |  | 31 | 52
Total Shareholders' funds: |  | 500 | 521

The notes form part of these financial statements

# ALTA PERFORMANCE MATERIALS LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 December 2025
and signed on behalf of the board by:

Name: Steven Jamieson
Status: Director

The notes form part of these financial statements

# ALTA PERFORMANCE MATERIALS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Other accounting policies

  Functional and presentational currency The Company presents its financial statements in pounds sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest thousand except disclosures in Note 7 – Called up share capital. Foreign currency Transactions in foreign currencies are translated to the Company’s functional currencies at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are retranslated to the functional currency at foreign exchange rates ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the Income Statement. Going concern The directors have considered the Company’s projected future cash flows and working capital requirements for a period of at least 12 months from signing of these financial statements. The Directors note the Company does not currently trade and has minimal cash outflows forecast in the going concern period. The Company’s net current assets at 31 December 2024 consists entirely of cash and cash equivalents which are more than sufficient to cover the Company’s forecast cash outflows in the going concern period. The Company's operations expose it to a variety of financial risks including the effects of foreign exchange risk. At 31 December 2024, the Company had net current assets of £499 thousand (2023: £510 thousand) and net assets of £499 thousand (2023: £520 thousand). The loss for the year was £21 thousand 2023: £1 thousand). Impact of new standards and interpretations There are no amendments to accounting standards that are effective for the year ended 31 December 2024 which have had a material impact on the Company. Non-derivative financial instruments Non-derivative financial instruments comprise trade and other receivables, loans and borrowings, and trade and other payables. Trade and other receivables Trade and other receivables are recognised initially at fair value plus transaction costs that are directly attributable to the acquisition or issue. Subsequent to initial recognition they are tested for classification as per IFRS 9. If the trade receivables meet the cash flow characteristics and business model tests as per IFRS 9, then they are recognised at amortised cost. If they do not qualify for being recognised at amortised cost they are recognised at fair value through profit or loss. Trade and other payables Trade and other payables are recognised initially at fair value less transaction costs that are directly attributable to the acquisition or issue. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method. Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Finance costs and expenses Interest income and interest payable is recognised in the income statement as it accrues, using the effective interest method. Finance costs comprise interest payable and net foreign exchange losses that are recognised in the income statement (see foreign currency accounting policy). Finance income comprise interest receivable on funds invested and from related party loans and net foreign exchange gains. 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, in which case it is recognised in equity. 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 balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: the initial recognition of goodwill; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit other than in a business combination, and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the end of the reporting period. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised.

# ALTA PERFORMANCE MATERIALS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# ALTA PERFORMANCE MATERIALS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 1 | 36
Prepayments and accrued income | 0 | 0
Other debtors | 0 | 0
Total | 1 | 36
Debtors due after more than one year: | 0 | 0