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Company No: 09921429 (England and Wales)

PAGS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PAGS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PAGS HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2024
PAGS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 753,575 753,575
753,575 753,575
Creditors: amounts falling due within one year 5 ( 3) ( 3)
Net current liabilities (3) (3)
Total assets less current liabilities 753,572 753,572
Net assets 753,572 753,572
Capital and reserves
Called-up share capital 6 4 4
Profit and loss account 753,568 753,568
Total shareholders' funds 753,572 753,572

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PAGS Holdings Limited (registered number: 09921429) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

A M Paterson
Director
PAGS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PAGS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

PAGS 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 Mill Court, Mill Hill, Edenbridge, TN8 5DB, 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 £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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. Prior year adjustment

A prior year adjustment has been made to the comparative information for the year ended 31 December 2023. The dividends declared and received have been reduced by £10,425, resulting in an overall impact of £Nil to the Retained Earnings. Adjustments have been made to reflect the appropriate balances and transaction in the prior year as follows:

As previously reported Adjustment As restated
Year ended 31 December 2023 £ £ £
Retained Earnings 753,568 0 753,568
0 0 0

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 753,575
At 31 December 2024 753,575
Carrying value at 31 December 2024 753,575
Carrying value at 31 December 2023 753,575

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 3 3

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 0.01 each 1.00 1.00
100 Ordinary B shares of £ 0.01 each 1.00 1.00
100 Ordinary C shares of £ 0.01 each 1.00 1.00
100 Ordinary D shares of £ 0.01 each 1.00 1.00
1 Ordinary E share of £ 0.01 0.01 0.01
1 Ordinary F share of £ 0.01 0.01 0.01
1 Ordinary G share of £ 0.01 0.01 0.01
1 Ordinary H share of £ 0.01 0.01 0.01
4.04 4.04

7. Related party transactions

Other related party transactions

The company has taken advantage of the exemption in FRS 102 1A C.35 "Related Party Disclosures" from disclosing transactions with other members of the group.