Company No: 05552294 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	S Maule
	S Whale

Secretary

N Ward

Registered office	48 Gracechurch Street
	London
	EC3V 0EJ
	United Kingdom

Company number

05552294 (England and Wales)

Chartered accountants	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	United Kingdom

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Investments	4	3,623,100		3,623,100
		3,623,100		3,623,100
Current assets
Cash at bank and in hand		13,506		13,556
		13,506		13,556
Creditors: amounts falling due within one year	5	( 294,212)		( 240,783)
Net current liabilities		(280,706)		(227,227)
Total assets less current liabilities		3,342,394		3,395,873
Net assets		3,342,394		3,395,873
Capital and reserves
Called-up share capital	6	362,819		607,871
Share premium account		2,116,347		2,116,347
Capital redemption reserve		381,169		381,169
Other denominated reserve		2,551		2,551
Other reserves		473,052		228,000
Profit and loss account		6,456		59,935
Total shareholders' funds		3,342,394		3,395,873

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 members have 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 Luther Pendragon Holdings Limited (registered number: 05552294) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

S Maule Director

S Whale 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

Luther Pendragon 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 is 48 Gracechurch Street, London, EC3V 0EJ, 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 financial statements have been prepared on a going concern basis. After making enquiries, the Board of Directors has adequate reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the fact that the subsidiary company is profitable, generates positive cash flows and has the support of its bankers.

Basis of consolidation

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

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

3 - 10 years straight line

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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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 Profit and Loss Account 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2. Employees

	31.12.2024		31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 January 2024	937		937
At 31 December 2024	937		937
Accumulated depreciation
At 01 January 2024	937		937
At 31 December 2024	937		937
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Fixed asset investments

Investments in subsidiaries

	31.12.2024
	£
Cost
At 01 January 2024	3,623,100
At 31 December 2024	3,623,100
Carrying value at 31 December 2024	3,623,100
Carrying value at 31 December 2023	3,623,100

5. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Amounts owed to Group undertakings	293,250		239,821
Other creditors	962		962
	294,212		240,783

6. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
36,281,910 Ordinary shares of £ 0.01 each (31.12.2023: 60,787,128 shares of £ 0.01 each)	362,819		607,871

7. Related party transactions

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

	31.12.2024		31.12.2023
	£		£
Luther Pendragon Limited	293,250		239,821

During the year the company continued to receive an interest free loan from Luther Pendragon Limited which is repayable on demand. At the balance sheet date the amount detailed above was due to Luther Pendragon Limited. Dividends of £135,000 (2023: £258,150) were received during the year.