Industrial Investors Holdings (UK) Limited - Period Ending 2022-12-31

Industrial Investors Holdings (UK) Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 4

Industrial Investors Holdings (UK) Limited

Company Information

Director

J M McDonald

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Industrial Investors Holdings (UK) Limited

Statement of Financial Position as at 31 December 2022

	Note	2022 £	2021 £
Fixed assets
Investments	4	274,894	274,894
Current assets
Debtors	5	1	1
Total assets less current liabilities		274,895	274,895
Creditors: Amounts falling due after more than one year	6	(1)	(1)
Net assets		274,894	274,894
Capital and reserves
Called up share capital		2	2
Share premium reserve		274,892	274,892
Shareholders' funds		274,894	274,894

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

The company has not traded during the current or prior years and has made neither a profit nor a loss.

Approved and authorised by the director on 31 August 2023
 

.........................................

J M McDonald

Director

Company registration number: 05692036

Industrial Investors Holdings (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU
United Kingdom

The principal activity of the company during the year was that of a holding company.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Income statement

The company has not traded during the current or prior period and has made neither a profit nor a loss. Accordingly, no income statement has been prepared.

Group accounts not prepared

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group. Therefore the accounts show information about the company as an individual entity.

Going concern

The company had net assets at 31 December 2022 of £274,894.

The director has considered the inflationary increases and economic uncertainty and the director's view is that the impact will be manageable.

In addition, the company's subsidiary had net assets at the year end of £690,494 including cash at bank of £53,060 and has continued to trade profitably since the year end. As the company is non-trading, with the resources that the company has, the director believes that the company has sufficient resources to continue to meet its liabilities as they fall due.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Industrial Investors Holdings (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0).

4	Investments

Investments in subsidiaries	£
Cost
At 1 January 2022 and 31 December 2022	274,894
Carrying amount
At 31 December 2022	274,894
At 31 December 2021	274,894

5

Debtors

	2022 £	2021 £
Other debtors	1	1
	1	1

6

Creditors

Creditors: amounts falling due after more than one year

	2022 £	2021 £
Due after one year
Amounts owed to group undertakings	1	1