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Company No: 11576363 (England and Wales)

# PENNYGILLAM PRINT HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

PENNYGILLAM PRINT HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

PENNYGILLAM PRINT HOLDINGS LIMITED

## BALANCE SHEET

As at 30 September 2025
PENNYGILLAM PRINT HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 925,000 |  | 925,000
|  | 925,000 |  | 925,000
Current assets |  |  |  |
Debtors | 4 | 55,319 |  | 48,000
Cash at bank and in hand |  | 13,680 |  | 5,106
|  | 68,999 |  | 53,106
Creditors: amounts falling due within one year | 5 | ( 636,482) |  | ( 411,717)
Net current liabilities |  | (567,483) |  | (358,611)
Total assets less current liabilities |  | 357,517 |  | 566,389
Creditors: amounts falling due after more than one year | 6 | ( 202,200) |  | ( 404,400)
Net assets |  | 155,317 |  | 161,989
Capital and reserves |  |  |  |
Called-up share capital | 7 | 120 |  | 120
Profit and loss account |  | 155,197 |  | 161,869
Total shareholder's funds |  | 155,317 |  | 161,989

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pennygillam Print Holdings Limited (registered number: 11576363) were approved and authorised for issue by the Director on 05 May 2026. They were signed on its behalf by:

Z A Jones Director |

PENNYGILLAM PRINT HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
PENNYGILLAM PRINT HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 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

Pennygillam Print 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 Unit 1, Southgate Technology Park, Pennygillam Way, Launceston, Cornwall, PL15 7ED, 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 £.

##### Turnover

Turnover comprises management charges raised for services rendered to the associated company. Turnover is shown net of value added tax.

##### 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.

##### Fixed asset investments

Investments are measured at cost less impairment.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Fixed asset investments

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 October 2024 | 925,000 |  | 925,000
At 30 September 2025 | 925,000 |  | 925,000
Carrying value at 30 September 2025 | 925,000 |  | 925,000
Carrying value at 30 September 2024 | 925,000 |  | 925,000

Investments in shares

Name of entity | Registered office | Principal activity | Class of shares | Ownership 30.09.2025 | Ownership 30.09.2024
KCS Trade Print Limited | Unit 1, Southgate Technology Park, Pennygillam Way, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7ED | Production of business forms and specialist integrated products and other printed matter | Ordinary A (dividend shares) | 80.00% | 80.00%
KCS Trade Print Limited | Unit 1, Southgate Technology Park, Pennygillam Way, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7ED | Production of business forms and specialist integrated products and other printed matter | Ordinary B (voting shares) | 50.00% | 50.00%

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 55,319 |  | 48,000

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 2,816 |  | 3,972
Accruals | 1,300 |  | 1,250
Taxation and social security | 7,969 |  | 8,379
Other creditors | 624,397 |  | 398,116
| 636,482 |  | 411,717

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other loans (secured) | 202,200 |  | 404,400

The loan is secured by way of a fixed charge over the company's investments.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
120 Ordinary shares of £ 1.00 each | 120 |  | 120

#### 8. Related party transactions

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

| 2025 |  | 2024
| £ |  | £
KCS Trade Print Limited (KCS) | 624,397 |  | 398,116

KCS has provided working capital to the company by way of an interest free loan. At the year end date the company owed KCS £624,397 on this loan (2024 - £398,116).