IRIS Accounts Production v25.2.0.378 09051885 Board of Directors 1.1.24 31.12.24 31.12.24 5.9.25 false true false false true false Auditors Opinion A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09051885 2023-12-31 09051885 2024-12-31 09051885 2024-01-01 2024-12-31 09051885 2022-12-31 09051885 2023-01-01 2023-12-31 09051885 2023-12-31 09051885 ns15:EnglandWales 2024-01-01 2024-12-31 09051885 ns14:PoundSterling 2024-01-01 2024-12-31 09051885 ns10:Director1 2024-01-01 2024-12-31 09051885 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09051885 ns10:SmallEntities 2024-01-01 2024-12-31 09051885 ns10:Audited 2024-01-01 2024-12-31 09051885 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 09051885 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09051885 ns10:FullAccounts 2024-01-01 2024-12-31 09051885 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 09051885 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 09051885 ns10:Director2 2024-01-01 2024-12-31 09051885 ns10:Director3 2024-01-01 2024-12-31 09051885 ns10:CompanySecretary1 2024-01-01 2024-12-31 09051885 ns10:RegisteredOffice 2024-01-01 2024-12-31 09051885 ns5:CurrentFinancialInstruments 2024-12-31 09051885 ns5:CurrentFinancialInstruments 2023-12-31 09051885 ns5:Non-currentFinancialInstruments 2024-12-31 09051885 ns5:Non-currentFinancialInstruments 2023-12-31 09051885 ns5:ShareCapital 2024-12-31 09051885 ns5:ShareCapital 2023-12-31 09051885 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09051885 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 09051885 ns5:PlantMachinery 2023-12-31 09051885 ns5:ComputerEquipment 2023-12-31 09051885 ns5:PlantMachinery 2024-01-01 2024-12-31 09051885 ns5:ComputerEquipment 2024-01-01 2024-12-31 09051885 ns5:PlantMachinery 2024-12-31 09051885 ns5:ComputerEquipment 2024-12-31 09051885 ns5:PlantMachinery 2023-12-31 09051885 ns5:ComputerEquipment 2023-12-31 09051885 ns5:CostValuation 2023-12-31 09051885 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09051885 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 09051885 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-12-31 09051885 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2023-12-31 09051885 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 09051885 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31 09051885 ns10:OrdinaryShareClass1 2024-12-31 09051885 ns10:OrdinaryShareClass2 2024-12-31

REGISTERED NUMBER: 09051885 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARK LANE FLANGE AND FITTINGS LIMITED

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PARK LANE FLANGE AND FITTINGS LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | D Ahern

| P Enright

| K O'Shea

| SECRETARY: | K O'Shea

| REGISTERED OFFICE: | Building 51 Third Avenue

| Pensnett Trading Estate

| Kingswinford

| West Midlands

| DY6 7XE

| REGISTERED NUMBER: | 09051885 (England and Wales)

| AUDITORS: | Dafferns Audit Limited

| Chartered Accountants

| Statutory Auditor

| One Eastwood

| Harry Weston Road

| Binley Business Park

| Coventry

| CV3 2UB

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | - |  | 16 |  |

Investments | 6 | 300 |  | 300 |  |

300 |  | 316 |  |

CURRENT ASSETS

Debtors | 7 | 20,638 |  | 9,715 |  |

Cash at bank | 194 |  | 8,709 |  |

20,832 |  | 18,424 |  |

CREDITORS

Amounts falling due within one year | 8 | 86,108 |  | 37,234 |  |

NET CURRENT LIABILITIES | (65,276 | ) | (18,810 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (64,976 | ) | (18,494 | ) |

CREDITORS

Amounts falling due after more than one year | 9 | 6,133 |  | 16,133 |  |

NET LIABILITIES | (71,109 | ) | (34,627 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 1,200 |  | 1,200 |  |

Retained earnings | (72,309 | ) | (35,827 | ) |

SHAREHOLDERS' FUNDS | (71,109 | ) | (34,627 | ) |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

P Enright - Director

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Park Lane Flange And Fittings Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going concern

| The directors have considered the working capital requirements of the company and believe that the resources available, coupled with the ongoing financial commitment and support from its parent company are sufficient for the trading needs of the business. As a result of this assessment, the going concern assumption continues to be adopted in the preparation of these financial statements.

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for goods

| supplied and services rendered, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of

| ownership have transferred to the buyer (usually on despatch of the goods); the amount of

| revenue can be measured reliably; it is probable that the associated economic benefits will flow to

| the entity; and the costs incurred or to be incurred in respect of the transactions can be measured

| reliably.

| Tangible fixed assets

| Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses.

| Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

| Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

| Plant & machinery |  | 15% straight line |

| Computer equipment |  | 25% straight line |

| Any gains and losses on the disposal of tangible fixed assets are recognised in the statement of comprehensive income in the year that the disposal takes place.

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 106,309 |  | 3,014 |  | 109,323 |  |

| DEPRECIATION

| At 1 January 2024 | 106,309 |  | 2,998 |  | 109,307 |  |

| Charge for year | - |  | 16 |  | 16 |  |

| At 31 December 2024 | 106,309 |  | 3,014 |  | 109,323 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | - |  | - |  |

| At 31 December 2023 | - |  | 16 |  | 16 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 300 |  |

| NET BOOK VALUE

| At 31 December 2024 | 300 |  |

| At 31 December 2023 | 300 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 13,521 |  | 5,803 |  |

| Other debtors | 1,898 |  | - |  |

| Prepayments | 5,219 |  | 3,912 |  |

20,638 |  | 9,715 |  |

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts (see note 10) | 10,000 |  | 10,000 |  |

| Trade creditors | 8,950 |  | 5,144 |  |

| Amounts owed to group undertakings | 51,793 |  | 6,885 |  |

| Social security and other taxes | 6,632 |  | 8,319 |  |

| Other creditors | 2,718 |  | 2,367 |  |

| Accrued expenses | 6,015 |  | 4,519 |  |

86,108 |  | 37,234 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans (see note 10) | 5,833 |  | 15,833 |  |

| Amounts owed to group undertakings | 300 |  | 300 |  |

6,133 |  | 16,133 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 10,000 |  | 10,000 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 5,833 |  | 10,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 5,833 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 600 | A Ordinary | £1 | 600 |  | 600 |  |

| 600 | B Ordinary | £1 | 600 |  | 600 |  |

1,200 |  | 1,200 |  |

PARK LANE FLANGE AND FITTINGS LIMITED (REGISTERED NUMBER: 09051885) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| David Halkett FCCA (Senior Statutory Auditor)

| for and on behalf of Dafferns Audit Limited

13. | ULTIMATE CONTROLLING PARTY

| The Company is a wholly-owned subsidiary of MFFH Limited, who is subsequently a wholly-owned subsidiary of Petrochem Process Pipeline UK Limited.

| The company's ultimate parent company is KLK Limited, a company registered in Ireland. The largest group in which the results of the company are consolidated is that of KLK Limited, whose address is: Unit 31, Euro Business Park, Little Island, Co.Cork. Ireland,