IRIS Accounts Production v26.1.0.640 03655618 director 1.1.25 31.12.25 31.12.25 24.3.26 0 0 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03655618 2024-12-31 03655618 2025-12-31 03655618 2025-01-01 2025-12-31 03655618 2023-12-31 03655618 2024-01-01 2024-12-31 03655618 2024-12-31 03655618 ns15:EnglandWales 2025-01-01 2025-12-31 03655618 ns14:PoundSterling 2025-01-01 2025-12-31 03655618 ns10:Director1 2025-01-01 2025-12-31 03655618 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03655618 ns10:SmallEntities 2025-01-01 2025-12-31 03655618 ns10:Audited 2025-01-01 2025-12-31 03655618 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03655618 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03655618 ns10:FullAccounts 2025-01-01 2025-12-31 03655618 ns10:CompanySecretary1 2025-01-01 2025-12-31 03655618 ns10:RegisteredOffice 2025-01-01 2025-12-31 03655618 ns5:CurrentFinancialInstruments 2025-12-31 03655618 ns5:CurrentFinancialInstruments 2024-12-31 03655618 ns5:ShareCapital 2025-12-31 03655618 ns5:ShareCapital 2024-12-31 03655618 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 03655618 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03655618 ns5:PlantMachinery 2025-01-01 2025-12-31 03655618 ns5:FurnitureFittings 2025-01-01 2025-12-31 03655618 ns5:PlantMachinery 2024-12-31 03655618 ns5:FurnitureFittings 2024-12-31 03655618 ns5:PlantMachinery 2025-12-31 03655618 ns5:FurnitureFittings 2025-12-31 03655618 ns5:PlantMachinery 2024-12-31 03655618 ns5:FurnitureFittings 2024-12-31 03655618 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 03655618 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 03655618 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Esteban UK Ltd |

| Esteban UK Ltd (Registered number: 03655618) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Esteban UK Ltd |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | Mr S J Szabo

| SECRETARY: | Ms A L Teese

| REGISTERED OFFICE: | Second Avenue

| Redwither Business Park

| Wrexham

| Clwyd

| LL13 9XQ

| REGISTERED NUMBER: | 03655618 (England and Wales)

| AUDITORS: | Wright Vigar Limited

| Statutory Auditors

| Chartered Accountants & Business Advisers

| Alexandra House

| 43 Alexandra St

| Nottingham

| Nottinghamshire

| NG5 1AY

| BANKERS: | HSBC Bank plc

| St David's Business Park

| Ewloe

| Flintshire

| CH5 3UZ

| Esteban UK Ltd (Registered number: 03655618) |

Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,970 |  | 3,079 |  |

CURRENT ASSETS

Stocks | 585,306 |  | 490,946 |  |

Debtors | 5 | 2,000,700 |  | 2,406,468 |  |

Cash at bank and in hand | 1,766,442 |  | 1,109,730 |  |

4,352,448 |  | 4,007,144 |  |

CREDITORS

Amounts falling due within one year | 6 | 749,130 |  | 766,567 |  |

NET CURRENT ASSETS | 3,603,318 |  | 3,240,577 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,606,288 |  | 3,243,656 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 3,506,288 |  | 3,143,656 |  |

3,606,288 |  | 3,243,656 |  |

| Esteban UK Ltd (Registered number: 03655618) |

Statement of Financial Position - continued

31 December 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2026 and were signed by:

Mr S J Szabo - Director

| Esteban UK Ltd (Registered number: 03655618) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Esteban UK Ltd is a private company, limited by shares , registered in England 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

| Basis of preparing the financial statements

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

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

| Warranty provision - this involves judgement as to the extent of the provision required to account for the potential costs of warranty issues.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 10% - 20% on cost

| Fixtures, fittings and equipment | - | 10% - 20% on cost

| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

| If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost comprises the average purchase price or direct production costs and other costs incurred in bringing the stocks to their present location and condition.

| Esteban UK Ltd (Registered number: 03655618) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Esteban UK Ltd (Registered number: 03655618) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors have confirmed that there is a possibility that the assets and liabilities of the company will be transferred to Isringhausen (GB) Limited through a merger deal between the two companies, both of which are currently under common control in a group. If this is the case then the company will cease to trade.

| At this stage, the company continues to trade and the directors are still in negotiations for the two companies to combine. The accounts are prepared on a going concern basis.

| The board have assessed the statement of financial position and have concluded that it is unlikely that any impairments or other adjustments would be required as all assets and liabilities would be transferred to Isringhausen (GB) Limited at book value.

| In the event that the merger does not take place then Esteban UK Limited will continue to trade as a separate business. The directors are satisfied that current trading performance and cash flow, when taken in conjunction with budgets and forecasts for the foreseeable future, are sufficient for them to conclude that the going concern basis remains appropriate should this be the case.

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

| Esteban UK Ltd (Registered number: 03655618) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures, |

| fittings |

| Plant and |  | and |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 346,841 |  | 40,295 |  | 387,136 |  |

| Additions | 800 |  | - |  | 800 |  |

| At 31 December 2025 | 347,641 |  | 40,295 |  | 387,936 |  |

| DEPRECIATION

| At 1 January 2025 | 343,762 |  | 40,295 |  | 384,057 |  |

| Charge for year | 909 |  | - |  | 909 |  |

| At 31 December 2025 | 344,671 |  | 40,295 |  | 384,966 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,970 |  | - |  | 2,970 |  |

| At 31 December 2024 | 3,079 |  | - |  | 3,079 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,122,912 |  | 1,540,334 |  |

| Other debtors | 877,788 |  | 866,134 |  |

2,000,700 |  | 2,406,468 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 11,997 |  | 54,762 |  |

| Amounts owed to group undertakings | 507,240 |  | 605,060 |  |

| Taxation and social security | 218,670 |  | 95,209 |  |

| Other creditors | 11,223 |  | 11,536 |  |

749,130 |  | 766,567 |  |

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

| The Report of the Auditors was unqualified.

| Steven Newman LLB BFP FCA (Senior Statutory Auditor)

| for and on behalf of Wright Vigar Limited

8. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption available from disclosing transactions and balances with other group companies on the basis that Esteban UK Limited is a wholly owned subsidiary.

| Esteban UK Ltd (Registered number: 03655618) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | ULTIMATE CONTROLLING PARTY

| The company is wholly owned by Aunde Esteban S.A in Spain and the ultimate holding company is Isringhausen GmbH & Co. KG in Germany.

| The director considers that the company is controlled by the directors of Aunde Esteban S.A.

| The only group in which the results of the company are consolidated is that headed by Isringhausen GmbH & Co. KG, the ultimate holding company.