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Company No: 11576363 (England and Wales)

PENNYGILLAM PRINT HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PENNYGILLAM PRINT HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PENNYGILLAM PRINT HOLDINGS LIMITED

BALANCE SHEET

As at 30 September 2024
PENNYGILLAM PRINT HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 925,000 925,000
925,000 925,000
Current assets
Debtors 4 48,000 60,000
Cash at bank and in hand 5,106 4,210
53,106 64,210
Creditors: amounts falling due within one year 5 ( 411,717) ( 406,636)
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 ( 404,400) ( 410,000)
Net assets 161,989 172,574
Capital and reserves
Called-up share capital 7 120 120
Profit and loss account 161,869 172,454
Total shareholder's funds 161,989 172,574

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 11576363) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Z A Jones
Director
PENNYGILLAM PRINT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PENNYGILLAM PRINT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover comprises management charges raised for services rendered to the associated company. Turnover is shown net of value added tax.

Taxation

Current tax
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.

Fixed asset investments

Investments are measured at cost less impairment.

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.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 October 2023 925,000 925,000
At 30 September 2024 925,000 925,000
Carrying value at 30 September 2024 925,000 925,000
Carrying value at 30 September 2023 925,000 925,000

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
KCS Trade Print Limited 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 Ordinary A (dividend shares) 80.00% 80.00%
KCS Trade Print Limited 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 Ordinary B (voting shares) 50.00% 50.00%

4. Debtors

2024 2023
£ £
Other debtors 48,000 60,000

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 3,972 2,941
Accruals 1,250 1,650
Taxation and social security 8,379 29,157
Other creditors 398,116 372,888
411,717 406,636

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 404,400 410,000

The loan is secured by way of a fixed charge over the company's investments.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each 120 120

8. Related party transactions

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).