ACCOUNTS - Final Accounts

Registered number: 09636782

PRINTAPLY (HOLDINGS) LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

PRINTAPLY (HOLDINGS) LTD

REGISTERED NUMBER: 09636782

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		100		100
Investment property	5		400,000		400,000
			400,100		400,100
Current assets
Debtors	6	418,859		461,102
Cash at bank and in hand		14,254		12,364
		433,113		473,466
Creditors: amounts falling due within one year	7	(7,409)		(7,393)
Net current assets			425,704		466,073

Net assets			825,804		866,173

Capital and reserves
Called up share capital	525,100	588,100
Capital redemption reserve	295,000	232,000
Profit and loss account	5,704	46,073
	825,804	866,173

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 September 2025.

J Smith

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PRINTAPLY (HOLDINGS) LTD

REGISTERED NUMBER: 09636782

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

Director

The notes on pages 3 to 6 form part of these financial statements.

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PRINTAPLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Printaply (Holdings) Ltd is a Company limited by shares, incorporated in England and Wales (registered number: 09636782). Its registered office is 4 Highfield Lane, Sheffield, South Yorkshire, S13 9NA. The principal activity of the Company throughout the year continued to be that of a holding Company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised on an accruals basis over the period to which it relates.

2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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PRINTAPLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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PRINTAPLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	100
	At 31 December 2024	100

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	400,000
	At 31 December 2024	400,000

The 2019 valuation is based on the value assigned to the property when the property was purchased. In the view of the directors there has been no material change to the valuation of the property since that date.

Debtors

					2024	2023
					£	£

Due after more than one year
Amounts owed by group undertakings	418,859	461,102

This balance was due from a wholly owned subsidiary.

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PRINTAPLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	5,609	5,593
Accruals and deferred income	1,800	1,800
	7,409	7,393

8.	Related party transactions
	Printaply (Holdings) Ltd has provided security in the form of investment properties against the debt of it's subsidary Printaply Ltd.

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