Company No: 01902624 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	15,058		31,241
		15,058		31,241
Current assets
Debtors	4	2,742,492		2,711,359
Cash at bank and in hand	5	51,999		54,890
		2,794,491		2,766,249
Creditors: amounts falling due within one year	6	( 5,224,229)		( 4,800,232)
Net current liabilities		(2,429,738)		(2,033,983)
Total assets less current liabilities		(2,414,680)		(2,002,742)
Net liabilities		( 2,414,680)		( 2,002,742)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 2,414,780 )		( 2,002,842 )
Total shareholders' deficit		( 2,414,680)		( 2,002,742)

For the financial year ending 31 August 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pedersen Holdings Ltd (registered number: 01902624) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Neil Joseph Gourgey Director

20 May 2026

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

Pedersen Holdings Ltd (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 Rochester Row, London, SW1P 1JU, 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 Statement of Financial Position 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.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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 Statement of Financial Position 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:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	33 % 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	7		7

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 September 2024	80,525		1,739		8,085		90,349
Disposals	( 21,668)		0		0		( 21,668)
At 31 August 2025	58,857		1,739		8,085		68,681
Accumulated depreciation
At 01 September 2024	49,963		1,503		7,642		59,108
Charge for the financial year	4,975		59		146		5,180
Disposals	( 10,665)		0		0		( 10,665)
At 31 August 2025	44,273		1,562		7,788		53,623
Net book value
At 31 August 2025	14,584		177		297		15,058
At 31 August 2024	30,562		236		443		31,241

4. Debtors

	2025		2024
	£		£
Other debtors	2,742,492		2,711,359

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	51,999		54,890

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	25,330		26,737
Other creditors	5,198,899		4,773,495
	5,224,229		4,800,232

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Included within other debtors is £2,728,332 (2024: £2,688,949) due from companies in which directors of this entity are directors.

Included within other creditors are amounts of £4,655,782 (2024: £3,652,822) due to companies in which directors of this entity are directors.

Included within other creditors is the amount of £448,891 (2024: £995,251) due to the directors. The amount is unsecured and interest-free with no fixed repayment date.