Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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925,000 | 925,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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53,106 | 64,210 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (358,611) | (342,426) | ||
Total assets less current liabilities | 566,389 | 582,574 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Pennygillam Print Holdings Limited (registered number:
Z A Jones
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Pennygillam Print Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1, Southgate Technology Park, Pennygillam Way, Launceston, Cornwall, PL15 7ED, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Investments are measured at cost less impairment.
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.
Financial assets and liabilities are only offset in the Balance Sheet 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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investments in associates | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 October 2023 |
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At 30 September 2024 |
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Carrying value at 30 September 2024 |
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Carrying value at 30 September 2023 |
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Investments in shares
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 30.09.2024 |
Ownership 30.09.2023 |
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Unit 1, Southgate Technology Park, Pennygillam Way, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7ED | Production of business forms and specialist integrated products and other printed matter |
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Unit 1, Southgate Technology Park, Pennygillam Way, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7ED | Production of business forms and specialist integrated products and other printed matter |
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2024 | 2023 | ||
£ | £ | ||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed to director |
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Accruals |
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Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Other loans (secured) |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with entities in which the entity itself has a participating interest
2024 | 2023 | ||
£ | £ | ||
KCS Trade Print Limited (KCS) | 398,116 | 372,888 |
KCS has provided working capital to the company by way of an interest free loan. At the year end date the company owed KCS £398,116 on this loan (2023 - £372,888).