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Company No: 14966911 (England and Wales)

SINGLE PLY STRUCTURE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SINGLE PLY STRUCTURE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SINGLE PLY STRUCTURE HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2025
SINGLE PLY STRUCTURE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Investments 3 400 400
400 400
Current assets
Debtors 4 1,133,533 1,322,492
Cash at bank and in hand 738,745 664,906
1,872,278 1,987,398
Creditors: amounts falling due within one year 5 ( 21,728) ( 3,552)
Net current assets 1,850,550 1,983,846
Total assets less current liabilities 1,850,950 1,984,246
Net assets 1,850,950 1,984,246
Capital and reserves
Called-up share capital 6 400 400
Profit and loss account 1,850,550 1,983,846
Total shareholders' funds 1,850,950 1,984,246

For the financial year ending 31 March 2025 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 Single Ply Structure Holdings Limited (registered number: 14966911) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Mr N Flavin
Director
SINGLE PLY STRUCTURE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SINGLE PLY STRUCTURE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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 period, unless otherwise stated.

General information and basis of accounting

Single Ply Structure 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 and principal place of business is Unit 17 The Old Stables Newcourt Barton, Clyst Road, Exeter, EX3 0DB, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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 recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
31.03.2025
Period from
28.06.2023 to
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

31.03.2025
£
Cost
At 01 April 2024 400
At 31 March 2025 400
Carrying value at 31 March 2025 400
Carrying value at 31 March 2024 400

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2025
Ownership
31.03.2024
Held
Single Ply Structures Limited Unit 17, The Old Stables Newcourt Barton, Clyst Road, Exeter, EX3 ODB, United Kingdom Roofing contractors Ordinary 100.00% 0.00% Direct

4. Debtors

31.03.2025 31.03.2024
£ £
Amounts owed by Group undertakings 0 32,699
Amounts owed by connected companies 1,133,533 1,289,793
1,133,533 1,322,492

5. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Amounts owed to Group undertakings 14,627 0
Accruals 1,533 1,440
Taxation and social security 5,568 2,112
21,728 3,552

6. Called-up share capital

31.03.2025 31.03.2024
£ £
Allotted, called-up and fully-paid
400 Ordinary shares of £ 1.00 each 400 400

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

31.03.2025 31.03.2024
£ £
Amounts owed by Single Ply Structures Limited 0 32,699
Amounts owed to Single Ply Structures Limited 14,627 0

During the current year, a loan existed between Single Ply Structure Holdings Limited and Single Ply Structures Limited, the entity's wholly owned subsidiary. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due to/(from) Single Ply Structures Limited was £14,627 (2024: (£32,699)).

Other related party transactions

31.03.2025 31.03.2024
£ £
Amounts owed by Excelle Property Limited 1,133,533 1,289,793

During the current year a loan existed between Single Ply Structure Holdings Limited and Excelle Property Limited, a company under common control. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due from Excelle Property Limited was £1,133,533 (2024: £1,289,793).