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COMPANY REGISTRATION NUMBER: 03632222
DECOR PANEL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO
30 April 2024
DECOR PANEL LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 JUNE 2023 TO 30 APRIL 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
DECOR PANEL LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
30 Apr 24
31 May 23
Note
£
£
£
Current Assets
Debtors
5
3,899,893
3,899,893
------------
------------
Net Current Assets
3,899,893
3,899,893
------------
------------
Total Assets Less Current Liabilities
3,899,893
3,899,893
------------
------------
Capital and Reserves
Called up share capital
300,000
300,000
Profit and loss account
3,599,893
3,599,893
------------
------------
Shareholders Funds
3,899,893
3,899,893
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr A. J. Hopps
Director
Company registration number: 03632222
DECOR PANEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JUNE 2023 TO 30 APRIL 2024
1. General Information
The company is a private company limited by shares, registered in England. The address of the registered office is West Way Road, Alexandra Dock, Newport, NP20 2PQ, Wales.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current period or prior period.
4. Employee Numbers
The average number of persons employed by the company during the period amounted to Nil (2023: 64 ).
5. Debtors
30 Apr 24
31 May 23
£
£
Amounts owed by group undertakings
3,899,893
3,899,893
------------
------------
6. Government Grants
The amounts recognised in the financial statements for government grants are as follows:
30 Apr 24
31 May 23
£
£
Recognised in other operating income:
Government grants recognised directly in income
8,000
----
-------
7. Directors' Advances, Credits and Guarantees
During the period the directors entered into the following advances and credits with the company:
30 Apr 24
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Director A
Director B
----
----
----
----
----
----
31 May 23
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Director A
6,929
( 6,929)
Director B
140
( 140)
-------
-------
----
7,069
( 7,069)
-------
-------
----
8. Related Party Transactions
Transactions Transactions with other companies within the group have not been disclosed in these financial statements as the company has taken advantage of the exemption outlined in FRS 102 on Related Party Disclosures, which exempts wholly-owned subsidiaries from disclosing related party transactions in their statutory financial statements. During the period the company entered into the following related party transactions with non group companies. Decor Panel Limited Small Self Administered Scheme "SSAS" This SSAS is a scheme of which Mr I. D. Ling, a former director of this company, is a trustee. During the period the company incurred rent charges of £nil (2023 - £140,417) from the SSAS. The amount owing to the SSAS at the reporting date amounted to £nil (2023 - £10,000). Hopling Properties Limited This is a company of which Mr I. D. Ling, a former director of this company, and Mr A. J. Hopps , a current director of this company, are also directors. During the period the company loaned Hopling Properties Limited £nil (2023 - £nil). During the period Hopling Properties Limited repaid £nil (2023 - £12,000). The amount outstanding at the reporting date amounted to £nil (2023 - £nil).
9. Controlling Party
The company's immediate parent undertaking and sole shareholder is Premier Forest Products Limited, a company incorporated in the UK. The company's ultimate parent undertaking is Premier Forest UK Group Holdings Limited , a company registered in England and Wales. The largest and smallest group in which the results for the company is consolidated is that headed by Premier Forest UK Group Holdings Limited. The consolidated accounts of this company are available to the public and may be obtained from Companies House.