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REGISTERED NUMBER: 12354037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Print & Display (Holdings) Limited

Print & Display (Holdings) Limited (Registered number: 12354037)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Print & Display (Holdings) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P A Manson
G A Hatfield





REGISTERED OFFICE: Thunderbay Works
Crossgate Drive
Queens Drive Industrial Estate
Nottingham
Nottinghamshire
NG2 1LQ





REGISTERED NUMBER: 12354037 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Print & Display (Holdings) Limited (Registered number: 12354037)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investments 4 747 747
Investment property 5 1,127,136 1,127,136
1,127,883 1,127,883

CURRENT ASSETS
Debtors 6 94,964 90,084
Cash at bank and in hand 1,104 1,040
96,068 91,124
CREDITORS
Amounts falling due within one year 7 (388,803 ) (497,354 )
NET CURRENT LIABILITIES (292,735 ) (406,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,148

721,653

CREDITORS
Amounts falling due after more than one
year

8

(687,005

)

(719,796

)
NET ASSETS 148,143 1,857

CAPITAL AND RESERVES
Called up share capital 751 751
Retained earnings 147,392 1,106
148,143 1,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Print & Display (Holdings) Limited (Registered number: 12354037)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





P A Manson - Director


Print & Display (Holdings) Limited (Registered number: 12354037)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Print & Display (Holdings) Limited 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.

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.

Going Concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover
Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Print & Display (Holdings) Limited (Registered number: 12354037)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 747
NET BOOK VALUE
At 31 May 2024 747
At 31 May 2023 747

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,127,136
NET BOOK VALUE
At 31 May 2024 1,127,136
At 31 May 2023 1,127,136

The 2023 valuation was made by the directors, on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 94,964 90,084

Included in other debtors are prepayments totalling £94,964 (2023 - £90,084).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 33,557 32,276
Trade creditors 122,054 199,406
Amounts owed to group undertakings 222,908 265,172
Taxation and social security 9,784 -
Other creditors 500 500
388,803 497,354

Included in other creditors are accruals totalling £500 (2023 - £500).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 687,005 719,796

Print & Display (Holdings) Limited (Registered number: 12354037)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 538,913 577,359

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 720,562 752,072

The bank loan is secured over the investment property.