PENNANT RAIL HOLDINGS LIMITED

Company Registration Number:
03782911 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

PENNANT RAIL HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

PENNANT RAIL HOLDINGS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company during the period was that of intermediate holding company. The company is owned by Pennant International Group Plc (Reg. no. 03187528). There were no transactions affecting the profit and loss account of the company during the year.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

David Clements
Phillip Walker


Secretary David Clements

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 September 2025

And signed on behalf of the board by:
Name: David Clements
Status: Secretary

PENNANT RAIL HOLDINGS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 968,635 947,829
Total fixed assets: 968,635 947,829
Current assets
Debtors: 4 3,047,380 3,047,380
Total current assets: 3,047,380 3,047,380
Creditors: amounts falling due within one year: 5 ( 2,349,751 ) ( 2,328,945 )
Net current assets (liabilities): 697,629 718,435
Total assets less current liabilities: 1,666,264 1,666,264
Total net assets (liabilities): 1,666,264 1,666,264
Capital and reserves
Called up share capital: 750,000 750,000
Profit and loss account: 916,264 916,264
Total Shareholders' funds: 1,666,264 1,666,264

The notes form part of these financial statements

PENNANT RAIL HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 September 2025
and signed on behalf of the board by:

Name: David Clements
Status: Director

The notes form part of these financial statements

PENNANT RAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PENNANT RAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PENNANT RAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed assets investments note

The Company acquired 100% of the Ordinary share capital of Track Access Productions Limited (TAP) on 12 April 2023. TAP is the only subsidiary undertaking of the Company and has the same registered office address as the Company. Its principal activity is the provision of driver training, route mapping and familiarisation services to the UK rail industry. The acquisition was funded by inter-company borrowing from companies within the Group. Further information about the acquisition can be found in the annual report and accounts of the Company’s parent, Pennant International Group Plc.

PENNANT RAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Other debtors 3,047,380 3,047,380
Total 3,047,380 3,047,380

PENNANT RAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 2,349,751 2,328,945
Total 2,349,751 2,328,945