Company No: 01698922 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Dr K Birch
	Ms M Farrell
	R D Hinshelwood
	L C Levidow

Secretary

L C Levidow

Registered office	2nd Floor 168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Company number

01698922 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Process Press Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 13 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 Process Press Limited 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 Process Press Limited. You consider that Process Press Limited 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 Process Press Limited. 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 Process Press Limited, as a body, in accordance with the terms of our engagement letter dated 14 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Process Press Limited and state those matters that we have agreed to state to the Board of Directors of Process Press Limited, 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 Process Press Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor
168 Shoreditch High Street
London
E1 6RA

17 September 2025

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,302		1,628
		1,302		1,628
Current assets
Stocks	4	1,000		1,000
Debtors	5	0		218
Cash at bank and in hand	6	61,125		43,815
		62,125		45,033
Creditors: amounts falling due within one year	7	( 29,162)		( 29,625)
Net current assets		32,963		15,408
Total assets less current liabilities		34,265		17,036
Creditors: amounts falling due after more than one year	8, 11	( 154,660)		( 154,660)
Net liabilities		( 120,395)		( 137,624)
Capital and reserves
Called-up share capital	9	16,319		16,319
Share premium account		664,606		664,606
Profit and loss account	12	( 801,320 )		( 818,549 )
Total shareholder's deficit		( 120,395)		( 137,624)

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Process Press Limited (registered number: 01698922) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

Ms M Farrell Director

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

Process Press 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 is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 January 2024	2,722		2,722
At 31 December 2024	2,722		2,722
Accumulated depreciation
At 01 January 2024	1,094		1,094
Charge for the financial year	326		326
At 31 December 2024	1,420		1,420
Net book value
At 31 December 2024	1,302		1,302
At 31 December 2023	1,628		1,628

4. Stocks

	2024		2023
	£		£
Stocks	1,000		1,000

5. Debtors

	2024		2023
	£		£
Other debtors	0		218

6. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	61,125		43,815

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,823		2,586
Accruals	27,339		27,039
	29,162		29,625

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other loans	89,480		89,480
Other creditors	65,180		65,180
	154,660		154,660

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
163,189 Ordinary shares of £ 0.10 each	16,319		16,319

10. Related party transactions

At the year end the company owed £89,480 (2023: £89,480) of £1 convertible loan stock to Ms M E Farrell, considered to be repayable after more than one year. No interest is payable on this loan.

11. Loans

Amounts falling due after more than 5 years

	2024		2023
	£		£
Convertible loan stock of £1 each	89,480		89,480

12. Reserves

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions.

Share capital

This represents the nominal value of shares that have been issued by the company.

Share premium

This represents the premium that was paid on the shares that have been issued by the company.

13. Ultimate controlling party

The directors control the company through their ownership of the majority of the issued share capital.