IRIS Accounts Production v24.3.2.46 03267611 Board of Directors 30.5.23 29.5.24 29.5.24 The company operates as a holding company and has received investment income in the year. The principal activity of the group is the manufacture and distribution of PVCu doors, window accessories and building products. 2 2 true true false true true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032676112023-05-29032676112024-05-29032676112023-05-302024-05-29032676112022-05-29032676112022-05-302023-05-29032676112023-05-2903267611ns15:EnglandWales2023-05-302024-05-2903267611ns14:PoundSterling2023-05-302024-05-2903267611ns10:Director12023-05-302024-05-2903267611ns10:PrivateLimitedCompanyLtd2023-05-302024-05-2903267611ns10:FRS1022023-05-302024-05-2903267611ns10:Audited2023-05-302024-05-2903267611ns10:LargeCompaniesRegimeForDirectorsReport2023-05-302024-05-2903267611ns10:LargeCompaniesRegimeForAccounts2023-05-302024-05-2903267611ns10:FullAccounts2023-05-302024-05-2903267611ns10:OrdinaryShareClass12023-05-302024-05-2903267611ns10:OrdinaryShareClass22023-05-302024-05-2903267611ns10:Director22023-05-302024-05-2903267611ns10:CompanySecretary12023-05-302024-05-2903267611ns10:RegisteredOffice2023-05-302024-05-2903267611ns5:CurrentFinancialInstruments2024-05-2903267611ns5:CurrentFinancialInstruments2023-05-2903267611ns5:ShareCapital2024-05-2903267611ns5:ShareCapital2023-05-2903267611ns5:RetainedEarningsAccumulatedLosses2024-05-2903267611ns5:RetainedEarningsAccumulatedLosses2023-05-2903267611ns5:ShareCapital2022-05-2903267611ns5:RetainedEarningsAccumulatedLosses2022-05-2903267611ns5:RetainedEarningsAccumulatedLosses2022-05-302023-05-2903267611ns10:OrdinaryShareClass12022-05-302023-05-2903267611ns5:CostValuation2023-05-2903267611ns5:Subsidiary12023-05-302024-05-29032676111ns5:Subsidiary12023-05-302024-05-2903267611ns5:Subsidiary122023-05-302024-05-2903267611ns5:Subsidiary22023-05-302024-05-2903267611ns5:Subsidiary232023-05-302024-05-2903267611ns5:Subsidiary32023-05-302024-05-29032676115ns5:Subsidiary32023-05-302024-05-2903267611ns5:Subsidiary42023-05-302024-05-29032676117ns5:Subsidiary42023-05-302024-05-2903267611ns5:Subsidiary52023-05-302024-05-2903267611ns5:Subsidiary592023-05-302024-05-2903267611ns10:OrdinaryShareClass12024-05-2903267611ns10:OrdinaryShareClass22024-05-2903267611ns5:RetainedEarningsAccumulatedLosses2023-05-2903267611ns5:RetainedEarningsAccumulatedLosses2023-05-302024-05-29
REGISTERED NUMBER: 03267611 (England and Wales)












GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED

STRATEGIC REPORT, DIRECTORS' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MAY 2024






GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024




Page

Company Information 1

Strategic Report 2

Directors' Report 3

Directors' Responsibilities Statement 4

Report of the Independent Auditors 5

Profit and loss account 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MAY 2024







DIRECTORS: S D Bird
A D Greensmith



SECRETARY: A D Greensmith



REGISTERED OFFICE: Shadsworth Business Park
Partnership Way
Blackburn
Lancashire
BB1 2QP



REGISTERED NUMBER: 03267611 (England and Wales)



AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: Barclays Bank plc
Level 1
3 Hardman Street
Manchester
M3 3AX



SOLICITORS: BSS Law (Formerly Zatman & Co.)
First Floor
The Edge
Crown Street
Manchester
M3 5NA

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

STRATEGIC REPORT
FOR THE YEAR ENDED 29 MAY 2024

PRINCIPAL ACTIVITIES

The company operates as a holding company and typically receives investment income in the year. The principal activity of the group is the manufacture and distribution of PVCu doors, window accessories and building products.

REVIEW OF BUSINESS
As mentioned above, the company operates as a holding company and has received no investment income in the year (2023: £5,960,000), with no other trade.

The company has not used any key performance indicators ("KPIs") due to the principal activity being a holding company.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks arise from the financial performance and position of the investments that the company holds. This is mitigated through appropriate policies and procedures implemented by the directors at group level ensuring compliance with operational, financial and legal standards.

ON BEHALF OF THE BOARD:





A D Greensmith - Director


21 February 2025

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

DIRECTORS' REPORT
FOR THE YEAR ENDED 29 MAY 2024

The directors present their annual report together with the audited financial statements of General All Purpose Plastics Holdings Limited for the year ended 29 May 2024.

DIVIDENDS
The company operates as a holding company and has received no investment income in the year (2023: £5,960,000).

The directors have paid a dividend of £Nil (2023: £5,960,000) in the year.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 May 2023 to the date of this report.

S D Bird
A D Greensmith

GOING CONCERN
After making enquiries, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. See note 1 Accounting Policies for details on the going concern basis of preparation of the financial statements.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
In the case of each of the persons who are directors of the company at the date when the report is approved:
- so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware; and
- the directors have taken all the steps that they ought to have taken as directors to make themselves aware of any relevant information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

ON BEHALF OF THE BOARD:





A D Greensmith - Director


21 February 2025

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 29 MAY 2024

The directors are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state wether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explain in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED

Opinion
We have audited the financial statements of General All Purpose Plastics Holdings Limited (the 'company') for the year ended 29 May 2024 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 29 May 2024;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Directors' Report and the Directors' Responsibilities Statement, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered a number of issues, such as the nature of the company's industry, their control environment and business performance. We also discussed amongst our engagement team how and where fraud might occur and any potential indicators of fraud.

We obtained an understanding of the legal and regulatory framework that the company operates in and focussed our attention on any laws and regulations which might be considered as "showstoppers". We also looked at internal controls in place at the company, established to mitigate risks related to fraud or non-compliance with laws and regulations.

In response to other identified risks, we reviewed the financial statement disclosures, we made enquiries of the company as to potential litigation and claims, we performed analytical procedures to look for unusual trends or unexpected relationships and we read any available meeting minutes.

We also addressed the risk of fraud through management override of controls, accounting estimates and considered any significant transactions that might be considered unusual in the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

21 February 2025

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 29 MAY 2024

2024 2023
Notes £    £   

TURNOVER - -
OPERATING PROFIT 4 - -

Income from shares in group
undertakings

-

5,960,000
PROFIT BEFORE TAXATION - 5,960,000

Tax on profit 5 - -
PROFIT FOR THE FINANCIAL YEAR - 5,960,000

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

-

5,960,000

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

BALANCE SHEET
29 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 7 411,976 411,976

CREDITORS
Amounts falling due within one year 8 100 100
NET CURRENT LIABILITIES (100 ) (100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,876

411,876

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 411,676 411,676
SHAREHOLDERS' FUNDS 411,876 411,876

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





A D Greensmith - Director


GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 MAY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 30 May 2022 200 411,676 411,876

Changes in equity
Dividends - (5,960,000 ) (5,960,000 )
Total comprehensive income - 5,960,000 5,960,000
Balance at 29 May 2023 200 411,676 411,876

Changes in equity
Balance at 29 May 2024 200 411,676 411,876

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

1. STATUTORY INFORMATION

General All Purpose Plastics 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
The principal accounting policies are described below. They have all been applied consistently throughout the current and preceding year. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council.

The functional currency of General All Purpose Plastics Holdings Limited is considered to be Pounds Sterling because that is the currency of the primary economic environment in which the company operates. The financial statements are rounded to £1.

General All Purpose Plastics Holdings Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. General All Purpose Plastics Holdings Limited is consolidated in the financial statements of its parent, General All Purpose Plastics Group Limited, which may be obtained from Companies House. Exemptions have been taken in these separate company financial statements in relation to the remuneration of key management personnel, financial instruments and presentation of a cash flow statement.

Going concern
The current economic conditions create uncertainty; however the company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its cash reserves, overdraft and loan facilities and internally generated working capital.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Consolidation
The company was, at the end of the year, a wholly-owned subsidiary of another company incorporated in England and Wales which prepares consolidated accounts and, in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published, consolidated accounts. As a result, these financial statements present information about it as an individual undertaking, not its group.

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the Company's accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

The fixed asset investments balance relates to investment in the main trading company in General All Purpose Plastics Limited and Homeline Building Plastics Limited. All of the investment cost barring £100 relates to General All Purpose Plastics Limited which has posted profits for successive years as well as investing heavily in fixed assets increasing the revenue making potential well into the long term. Therefore there are no indicators for impairment of General All Purpose Plastics Limited. Furthermore there are no indicators of impairment for Homeline Building Plastics Limited. There are no further critical accounting judgements or estimates made in these financial statements.

Investments in subsidiaries
Investments are shown at cost less any provision for impairment.

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(i) Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.


GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

2. ACCOUNTING POLICIES - continued
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

(ii) Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

In the company balance sheet, investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

(iii) Equity instruments

Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs.

Investment income
During the year, the company received a dividend of £Nil (2023: £5,960,000) from its 100% subsidiary, General All Purpose Plastics Limited.

3. EMPLOYEES AND DIRECTORS

The company had 2 (2023: 2) directors during the year.

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

4. OPERATING PROFIT

During the year, no director received any remuneration (2023: £Nil).

Auditor's remuneration and non-audit fees are borne by its subsidiary undertaking in the current year, General All Purpose Plastics Limited and not recharged. Fees in relation to General All Purpose Plastics Holdings Limited amounted to £Nil (2023: £Nil).

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 29 May 2024 nor for the year ended 29 May 2023.

6. DIVIDENDS
2024 2023
£    £   
A Ordinary shares of 1 each
Interim - 5,960,000

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 May 2023
and 29 May 2024 411,976
NET BOOK VALUE
At 29 May 2024 411,976
At 29 May 2023 411,976

The company's investments at the Balance Sheet date in the share capital of companies include the following:

General All Purpose Plastics Limited
Registered office: Refer to page 1
Nature of business: Distribution of PVCu products
%
Class of shares: holding
A Ordinary 100.00
B Ordinary 100.00

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

7. FIXED ASSET INVESTMENTS - continued

Homeline Building Products Limited
Registered office: Refer to page 1
Nature of business: Non Trading
%
Class of shares: holding
Ordinary 100.00

Rockdoor Limited
Registered office: Refer to page 1
Nature of business: Non Trading
%
Class of shares: holding
Ordinary 90.00

Weatherseal Insulation Limited
Registered office: Refer to page 1
Nature of business: Non Trading
%
Class of shares: holding
Ordinary 100.00

GAP Products Limited
Registered office: Refer to page 1
Nature of business: Distribution of PVCu products
%
Class of shares: holding
Ordinary 100.00

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 100 100

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary 1 100 100
100 B Ordinary 1 100 100
200 200

The A and B Ordinary shares carry the respective voting rights to appoint and remove directors and are subject to the restrictions on transfer as provided in the Articles of Association, but rank pari passu in all other respects.

GENERAL ALL PURPOSE PLASTICS HOLDINGS
LIMITED (REGISTERED NUMBER: 03267611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

10. RESERVES
Retained
earnings
£   

At 30 May 2023 411,676
Profit for the year -
At 29 May 2024 411,676

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions within Financial Reporting Standard 102 from disclosing transactions and balances within group undertakings as they are eliminated upon consolidated and consolidated financial statements are prepared by the ultimate parent company which are publicly available.

12. ULTIMATE CONTROLLING PARTY

The company was, at the end of the year, a wholly owned subsidiary of another company, incorporated in England and Wales. The ultimate parent company prepares consolidated financial statements. In accordance with Section 400 of the Companies Act 2006, the company is not required to produce, and has not produced, consolidated financial statements. As a result, these financial statements present information about it as an individual, not its group.

The directors consider the parent company company, which is also the ultimate controlling party, to be General All Purpose Plastics Group Limited, a company incorporated in England and Wales. The correspondence address for General All Purpose Plastics Group Limited is the same as this company.

The consolidated financial statements for General All Purpose Plastics Group Limited are publicly available from Companies House.