ACCOUNTS - Final Accounts preparation

Called up share capital

Shares classified as equity

Company Registration Number: 06674668

PAW STRUCTURES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

31 DECEMBER 2024

PAW STRUCTURES LIMITED

COMPANY INFORMATION

Director	J Sinfield (appointed 30 July 2025)


Registered number	06674668


Registered office	Cross Green Close
	Leeds
	West Yorkshire
	England
	LS9 0RY

PAW STRUCTURES LIMITED

CONTENTS

	Page
Directors' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3 - 5

PAW STRUCTURES LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Director

The director who served during the year was:

S Bibby (resigned 30 July 2025)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

J Sinfield

Director

Date: 16 October 2025

Page 1

PAW STRUCTURES LIMITED

REGISTERED NUMBER: 06674668

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£000		£000


Current assets
Debtors: amounts falling due within one year	3	2,508		2,508
		2,508		2,508
Total assets less current liabilities			2,508		2,508

Net assets			2,508		2,508

Capital and reserves
Profit and loss account	2,508	2,508
	2,508	2,508

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J Sinfield

Director

Date: 16 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

PAW STRUCTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

PAW Structures Limited is a private company limited by shares and incorporated and registered in England and Wales. The address of its registered office is Cross Green Close, Leeds, West Yorkshire, England, LS9 0RY. The company is dormant and has not traded in the year or the previous year.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Etex N.V as at 31 December 2024 and these financial statements may be obtained from PassPort Building, Luchthaven Brussel Nationaal, Gebouw 1K 1 930 Zaventem, Belgium.

2.3

Going concern

Management have produced forecasts which have been reviewed by the directors. These demonstrate the Group (of which the Company is part) has sufficient cash reserves and headroom in borrowing facilities to enable the Group to meet its obligations as they fall due for a period of at least 12 months from when these financial statements have been signed.
As such, the Directors are satisfied that as the Company has no outgoings and adequate resources to continue to operate for the foreseeable future, they continue to adopt the going concern basis for preparing these financial statements.

Page 3

PAW STRUCTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Debtors

					2024	2023
					£000	£000


Amounts owed by group undertakings	2,508	2,508
	2,508	2,508

Amounts owed by group undertakings are unsecured, payable on demand and are not interest bearing.

Allotted, called up and fully paid

2 (2023: 2) Ordinary shares of £1.00 each	-	-

5.	Related party transactions
	The Company is a wholly owned subsidiary of Sigmat Group Limited and its ultimate parent company is Etex N.V, and as such has taken advantage of the exemption permitted by FRS 102 Section 33 "Related party disclosures" not to provide disclosures of transactions entered into with other wholly owned members of the group.

6.	Post balance sheet events

In the financial year 2025, a business decision was made to strike off the dormant companies, Sigmat Group Ltd and PAW (Holdings) Ltd. The intercompany debt owed by PAW (Holdings) Ltd was written off as part of a company restructure. The parent company of PAW Structures Ltd is now Etex Holding UK Remagin Ltd.

Page 4

PAW STRUCTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Controlling party

The Company's parent company is PAW (Holdings) Limited. The Company's ultimate parent company is Etex N.V.
The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared which include the Company is Etex N.V. Consolidated financial statements are available from PassPort Building, Luchthaven Brussel Nationaal, Gebouw 1K1930 Zaventem, Belgium.
In the opinion of the directors there is no ultimate controlling related party of Etex N.V.

Page 5