ACCOUNTS - Final Accounts preparation

Registered number: 10473652

Pimsa UK Ltd

Financial statements

For the Year Ended 31 December 2024


Pimsa UK Ltd

Company Information

Directors	Mr I R Lockwood
	Mr E Incekara


Registered number	10473652


Registered office	Dunns Close
	Nuneaton
	Warwickshire
	CV11 4NF


Independent auditors	Dains Audit Limited
	2 Chamberlain Square
	Paradise Circus
	Birmingham
	B3 3AX


Pimsa UK Ltd Registered number:10473652

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		100		100
Current assets
Debtors: amounts falling due within one year	5	12,350		300
Cash at bank and in hand		805		12,605
		13,155		12,905
Total assets less current liabilities			13,255		13,005

Net assets			13,255		13,005

Capital and reserves
Called up share capital	2	2
Profit and loss account	13,253	13,003
	13,255	13,005

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 on 30 December 2025.

___________________________

Mr I R Lockwood

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


Pimsa UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

Pimsa UK Ltd is a pivate company, limited by shares, registered in Enland and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

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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.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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.

2.6

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.

Page 2


Pimsa UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.7

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.

3.	Employees
	The average monthly number of employees, including the directors, during the year was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	100
	At 31 December 2024	100

Debtors

					2024	2023
					£	£


Trade debtors	550	-
Amounts owed by group undertakings	11,800	300
	12,350	300

Amounts owed to group undertakings are unsecured, interest free, and are repayable in more than 12 months.

Page 3


Pimsa UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

6.	Secured Debts

HSBC UK Bank hold a fixed and floating charge over all assets.

7.	Controlling Party

At 31 December 2024, the immediate and ultimate parent undertaking is Pimsa Otomotiv A.S., a company incorporated in Turkey and registered in England and Wales. Copies of the financial statements for Pimsa Otomotiv A.S. can be obtained from its registered office, Pimsa Otomotiv A.S. Kucukbakkalkoy, Mah. Defne SK., 1 365 Atasehir 34750, Istanbul, Turkey.

The parent undertaking of the smallest and largest group to consolidate their financial statements is Pimsa Otomotiv A.S., a company incorporated in Turkey and registered in England and Wales. Copies of these financial statements can be obtained from Pimsa Otomotiv A.S. Kucukbakkalkoy, Mah. Defne SK., 1 365 Atasehir 34750, Istanbul, Turkey.

At 31 December 2024, the Directors considered there to be no ultimate controlling party.

8.	Auditors' information

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

The audit report was signed on 30 December 2025 by Mark Gurney FCCA (Senior Statutory Auditor) on behalf of Dains Audit Limited.

Page 4