IRIS Accounts Production v25.1.4.42 03904897 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 true false true false false true false 0 0 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039048972023-12-31039048972024-12-31039048972024-01-012024-12-31039048972022-12-31039048972023-01-012023-12-31039048972023-12-3103904897ns15:EnglandWales2024-01-012024-12-3103904897ns14:PoundSterling2024-01-012024-12-3103904897ns10:Director12024-01-012024-12-3103904897ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103904897ns10:SmallEntities2024-01-012024-12-3103904897ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3103904897ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103904897ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103904897ns10:FullAccounts2024-01-012024-12-3103904897ns10:OrdinaryShareClass12024-01-012024-12-3103904897ns10:OrdinaryShareClass22024-01-012024-12-3103904897ns10:OrdinaryShareClass32024-01-012024-12-3103904897ns10:Director22024-01-012024-12-3103904897ns10:RegisteredOffice2024-01-012024-12-3103904897ns5:CurrentFinancialInstruments2024-12-3103904897ns5:CurrentFinancialInstruments2023-12-3103904897ns5:Non-currentFinancialInstruments2024-12-3103904897ns5:Non-currentFinancialInstruments2023-12-3103904897ns5:ShareCapital2024-12-3103904897ns5:ShareCapital2023-12-3103904897ns5:SharePremium2024-12-3103904897ns5:SharePremium2023-12-3103904897ns5:RetainedEarningsAccumulatedLosses2024-12-3103904897ns5:RetainedEarningsAccumulatedLosses2023-12-3103904897ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3103904897ns5:OwnedAssets2024-01-012024-12-3103904897ns5:OwnedAssets2023-01-012023-12-3103904897ns10:OrdinaryShareClass12023-01-012023-12-3103904897ns10:OrdinaryShareClass22023-01-012023-12-3103904897ns10:OrdinaryShareClass32023-01-012023-12-3103904897ns5:LandBuildings2023-12-3103904897ns5:LandBuildings2024-01-012024-12-3103904897ns5:LandBuildings2024-12-3103904897ns5:LandBuildings2023-12-3103904897ns5:CostValuation2023-12-3103904897ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3103904897ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3103904897ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3103904897ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3103904897ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3103904897ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3103904897ns5:Secured2024-12-3103904897ns5:Secured2023-12-3103904897ns10:OrdinaryShareClass12024-12-3103904897ns10:OrdinaryShareClass22024-12-3103904897ns10:OrdinaryShareClass32024-12-3103904897ns5:RetainedEarningsAccumulatedLosses2023-12-3103904897ns5:SharePremium2023-12-3103904897ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 03904897 (England and Wales)







Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pipeline Products Holdings Ltd

Pipeline Products Holdings Ltd (Registered number: 03904897)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Pipeline Products Holdings Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr R H Anderson
Mr M W Jones





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 03904897 (England and Wales)





ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Pipeline Products Holdings Ltd (Registered number: 03904897)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding company and property rental.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr R H Anderson
Mr M W Jones

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M W Jones - Director


10 July 2025

Pipeline Products Holdings Ltd (Registered number: 03904897)

Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER - -

Administrative expenses (27,339 ) (17,310 )
(27,339 ) (17,310 )

Other operating income 146,550 116,800
OPERATING PROFIT 4 119,211 99,490

Income from shares in group undertakings 309,999 348,695
Interest receivable and similar income 5,955 3,194
435,165 451,379

Interest payable and similar expenses (21,132 ) (19,061 )
PROFIT BEFORE TAXATION 414,033 432,318

Tax on profit (30,168 ) (22,873 )
PROFIT FOR THE FINANCIAL YEAR 383,865 409,445

Pipeline Products Holdings Ltd (Registered number: 03904897)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,235,989 710,606
Investments 7 500,000 500,000
1,735,989 1,210,606

CURRENT ASSETS
Debtors 8 - 2,600
Cash at bank 119,478 381,020
119,478 383,620
CREDITORS
Amounts falling due within one year 9 82,177 54,955
NET CURRENT ASSETS 37,301 328,665
TOTAL ASSETS LESS CURRENT LIABILITIES 1,773,290 1,539,271

CREDITORS
Amounts falling due after more than one year 10 619,432 409,269
NET ASSETS 1,153,858 1,130,002

CAPITAL AND RESERVES
Called up share capital 12 116,600 109,340
Share premium 13 233,478 130,748
Retained earnings 13 803,780 889,914
SHAREHOLDERS' FUNDS 1,153,858 1,130,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:



Mr M W Jones - Director


Pipeline Products Holdings Ltd (Registered number: 03904897)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Pipeline Products Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Freehold property is recorded at cost less depreciation. The depreciation applied to freehold property is stated in the depreciation accounting policy.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
£    £   
Depreciation - owned assets 16,689 14,882

Pipeline Products Holdings Ltd (Registered number: 03904897)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DIVIDENDS
31.12.24 31.12.23
£    £   
Ordinary A shares of £1 each
Interim 307,999 158,000
Ordinary B shares of £1 each
Interim 46,667 71,000
Ordinary C shares of £1 each
Interim 115,333 91,000
469,999 320,000

6. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2024 744,090
Additions 542,072
At 31 December 2024 1,286,162
DEPRECIATION
At 1 January 2024 33,484
Charge for year 16,689
At 31 December 2024 50,173
NET BOOK VALUE
At 31 December 2024 1,235,989
At 31 December 2023 710,606

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 500,000
NET BOOK VALUE
At 31 December 2024 500,000
At 31 December 2023 500,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 2,600

Pipeline Products Holdings Ltd (Registered number: 03904897)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 35,660 25,456
Trade creditors 231 421
Amounts owed to group undertakings 5,891 -
Tax 30,168 22,873
VAT 9,082 5,270
Accrued expenses 1,145 935
82,177 54,955

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 37,275 26,879
Bank loans - 2-5 years 128,275 89,174
Bank loans more 5 yr by instal 453,882 293,216
619,432 409,269

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 453,882 293,216

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 655,092 434,725

The loans are secured by a fixed charge on the freehold properties known as Unit 2 Britannia Way, Clevedon and Unit 15, Five C Business Centre, Concorde Drive, Clevedon.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100,000 Ordinary A £1 87,350 100,000
100 Ordinary B £1 - 100
9,240 Ordinary C £1 29,250 9,240
116,600 109,340

Pipeline Products Holdings Ltd (Registered number: 03904897)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

13. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 889,914 130,748 1,020,662
Profit for the year 383,865 383,865
Dividends (469,999 ) (469,999 )
Cash share issue - 102,730 102,730
At 31 December 2024 803,780 233,478 1,037,258

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Pipeline Products Holdings Ltd (Registered number: 03904897)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

15. SHARE OPTION SCHEMES

The market value of the shares at the date of the Grant was £15.15.

The options shall lapse upon the earliest of the expiry of 10 years from it's date of grant or if the holder of the options ceases to be an eligible person.

In order to exercise an option the holder must deliver to the Company Secretary a notice in writing specifying the number of shares in respect of which option is being exercised accompanied by payment in full for those shares in which the options are being exercised.

The directors have adopted the accounting treatment under FRS 20 Share based payment.

Share Options activity:

EMI Share Scheme Shares £

Shares granted 11/11/2015 16,500 249,975
Shares exercised 30/11/2017 1,980 29,997
Shares exercised 14/12/2020 3,300 49,995
Shares exercised 14/12/2021 1,320 19,998
Shares exercised 06/12/2022 1,320 19,998
Shares exercised 08/12/2023 1,320 19,998
Shares exercised 10/01/2024 3,300 49,995
Shares exercised 22/05/2024 3,300 49,995
Shares exercised 25/09/2024 660 9,999

Shares available 0 0






Unapproved Share Option Scheme Shares £   

Shares granted 11/11/15 16,833 255,020
Shares available 16,833 255,020