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Company No: 12489643 (England and Wales)

PFPR HOLDINGS LTD

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

PFPR HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PFPR HOLDINGS LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
PFPR HOLDINGS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors P Cox
M Stainton
Secretary M Stainton
Registered office The Maidstone Studios Vinters Park
New Cut Road
Maidstone
Kent
ME14 5NZ
United Kingdom
Company number 12489643 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PFPR HOLDINGS LTD

For the financial year ended 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PFPR HOLDINGS LTD (continued)

For the financial year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PFPR Holdings LTD for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 6 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that PFPR Holdings LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PFPR Holdings LTD. You consider that PFPR Holdings LTD is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of PFPR Holdings LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of PFPR Holdings LTD, as a body, in accordance with the terms of our engagement letter dated 19 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of PFPR Holdings LTD and state those matters that we have agreed to state to the Board of Directors of PFPR Holdings LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PFPR Holdings LTD and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

19 August 2025

PFPR HOLDINGS LTD

BALANCE SHEET

As at 31 December 2024
PFPR HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,514,035 2,514,035
2,514,035 2,514,035
Creditors: amounts falling due within one year 4 0 ( 2,383,764)
Net current liabilities 0 (2,383,764)
Total assets less current liabilities 2,514,035 130,271
Net assets 2,514,035 130,271
Capital and reserves
Called-up share capital 5 330 330
Share premium account 125,000 125,000
Profit and loss account 2,388,705 4,941
Total shareholders' funds 2,514,035 130,271

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 PFPR Holdings LTD (registered number: 12489643) were approved and authorised for issue by the Board of Directors on 19 August 2025. They were signed on its behalf by:

P Cox
Director
M Stainton
Director
PFPR HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PFPR HOLDINGS LTD

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

PFPR Holdings LTD (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 The Maidstone Studios Vinters Park, New Cut Road, Maidstone, Kent, ME14 5NZ, 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 £.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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 Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 2,514,035 2,514,035
At 31 December 2024 2,514,035 2,514,035
Carrying value at 31 December 2024 2,514,035 2,514,035
Carrying value at 31 December 2023 2,514,035 2,514,035

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 0 2,383,764

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary A shares of £ 1.00 each 200 200
100 Ordinary B shares of £ 1.00 each 100 100
20 Ordinary C shares of £ 1.00 each 20 20
10 Ordinary D shares of £ 1.00 each 10 10
330 330

6. Ultimate controlling party

The controlling party of the company is P Cox by virtue of his majority shareholding.