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Company Registration Number:  NI005356



















GRAPHIC PLATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
 31 DECEMBER 2024


















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GRAPHIC PLATES LIMITED
 

COMPANY INFORMATION


Directors
F Bailie 
R Bailie CBE 
K Eblett (appointed 8 January 2024)




Registered number
NI005356



Registered office
Baird House
Newpark Industrial Estate

Greystone Press

Caulside Drive

Antrim

BT41 2RS




Accountants
Armstrong Watson Audit Limited
Chartered Accountants

York House

Thornfield Business Park

Northallerton

DL6 2XQ





 
GRAPHIC PLATES LIMITED
 

CONTENTS



Page
Strategic report
 
1
Directors' report
 
2
Statement of comprehensive income
 
3
Statement of financial position
 
4
Notes to the financial statements
 
5 - 8


 
GRAPHIC PLATES LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction
 
The directors present their strategic report for the year ended 31 December 2024. The directors, in preparing this  strategic report, have complied with s414C of the Companies Act 2006.

Business review
 
Graphic Plates is a non-trading subsidiary of Bailie Group Limited and parent company to companies within the Bailie Group (Note 5 to the accounts).

Principal risks and uncertainties
 
The principal risk facing the Group is the reliance on public sector business which currently accounts for 80% of the revenues. Tight public sector finances and economic uncertainty continues to lead to a delay in customer decision making, and budgets being tightened. The Group has put in place sales plans and structures to promote and generate work in other sectors such as Financial Services, Security and Travel.  
An additional risk to the Group is the defined benefit pension scheme within CDS.  The deficit is being proactively managed, and a deficit reduction plan has been agreed. The company believes the recovery plan is in the interests of all stakeholders as it strikes a balance between deficit reduction and reinvestment in the company.  
Looking ahead, the Group is well placed to continue to offer modern communications and is ideally positioned to assist organisations with growth services such as digital transformation, data analytics, automation and cyber.  

Directors' statement of compliance with duty to promote the success of the Company
 
The Directors of the company have acted in a way which is likely to promote the success of the company for the benefits of its members as a whole and in doing so had regard (among other matters) to:
(a) the likely consequences of any decision in the long term;
(b) the interests of the company's employees;
(c) the need to foster the company's business relationships with suppliers, customers and others;
(d) the impact of the company's operations on the community and the environment,
(e) the desirability of the company maintaining a reputation for high standards of business conduct; and
(f) the need to act fairly between members of the company.


This report was approved by the board and signed on its behalf.





................................................
F Bailie
Director

Date: 2 April 2025

Page 1

 
GRAPHIC PLATES LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who served during the year were:

F Bailie 
R Bailie CBE 
K Eblett (appointed 8 January 2024)
P Walter (resigned 5 April 2024)

Post balance sheet events

There have been no significant events affecting the Company since the year end.

This report was approved by the board and signed on its behalf.
 





................................................
F Bailie
Director

Date: 2 April 2025

Page 2

 
GRAPHIC PLATES LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024


The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.


  

Page 3

 
GRAPHIC PLATES LIMITED
REGISTERED NUMBER: NI005356

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
4,272,596
4,272,596

Current assets
  

Cash at bank and in hand
 6 
4
4

  
4
4

Creditors: amounts falling due within one year
 7 
(5,198,920)
(5,198,920)

Net current liabilities
  
 
 
(5,198,916)
 
 
(5,198,916)

  

Net liabilities
  
(926,320)
(926,320)


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
(976,320)
(976,320)

  
(926,320)
(926,320)




For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
F Bailie
Director

Date: 2 April 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
GRAPHIC PLATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Graphic Plates Limited is a private company limited by shares incorporated in Northern Ireland. The company's registered office address is Baird House, Newpark Industrial Estate, Greystone Press, Caulside Drive, Antrim, BT41 2RS.
The company is a non-trading holding company.
These financial statements have been presented in pound sterling as this is the currency of the primary economic environment in which the entity operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Bailie Group Limited  as at 31 December 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.4

Going concern

Graphic Plates Limited is a non-trading holding company and a subsidiary of Bailie Group Limited.
The directors have prepared forecasts for the Group for a period to 31 March 2026 and have reviewed the resources available and beleive that the Group and company have adequate resources to continue in operational existence for the foreseeable future. The directors, therefore, believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
GRAPHIC PLATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that effect the application of policies and reported amounts of assets and liabilities, income and expenses.
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will be, by definition, seldom equal to the related actual results.
The critical judgements made by management that have a significant effect on the amounts recognised in
the financial statements are described below.
Carrying value of investment in subsidiary undertakings
The directors consider that material estimates and judgements are applied in assessing the recoverable
amount of investments through the calculation of the net present value of future cash flows (fair value in
use) or the net assets of subsidiary undertakings. Underlying assumptions within those models include
discount rates, growth rates and cost inflation.


4.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
GRAPHIC PLATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
4,272,596



At 31 December 2024
4,272,596





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Baird Property Limited
C/O Bailie Group, Newpark Industrial Estate, Caulside Drive, Antrim, BT41 2RS
Ordinary
100%
Corporate Document Services Limited
Riverside House, 7 Canal Wharf, Leeds, LS11 5AS
Ordinary
100%
Bailie Group Business Services Limited
Riverside House, 7 Canal Wharf, Leeds, LS11 5AS
Ordinary
100%
Newspress Limited
Riverside House, 7 Canal Wharf, Leeds, LS11 5AS
Ordinary
100%
Newspress USA Inc*
C/O Riverside House, 7 Canal Wharf, Leeds, LS11 5AS
Ordinary
100%
CDS Support Limited*
The Bramery, Alstone Lane, Cheltenham, GL51 8HE
Ordinary
100%
CDS Print Services Limited*
Riverside House, 7 Canal Wharf, Leeds, LS11 5AS
Ordinary
100%
CDS Support USA Inc*
C/O The Bramery, Alstone Lane, Cheltenham, GL51 8HE
Ordinary
100%

* Indirect subsidiaries

Page 7

 
GRAPHIC PLATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4
4



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
5,198,920
5,198,920



8.


Controlling party

The ultimate parent undertaking is Bailie Group Limited a company incorporated in Northern Ireland.
Bailie Group Limited is the largest and smallest group into which Graphic Plates Limited is consolidated. Copies of the consolidated financial statements of Bailie Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.
The Group continues to be controlled by the Bailie family throughout the current and previous year.

Page 8