Company No: 10674894 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investments	3	1,636,103		1,636,103
		1,636,103		1,636,103
Current assets
Debtors		0		200,000
Cash at bank and in hand		286,341		106,184
		286,341		306,184
Creditors: amounts falling due within one year	4	( 6,865)		( 840)
Net current assets		279,476		305,344
Total assets less current liabilities		1,915,579		1,941,447
Net assets		1,915,579		1,941,447
Capital and reserves
Called-up share capital	5	534,844		534,844
Capital redemption reserve		120,340		120,340
Profit and loss account		1,260,395		1,286,263
Total shareholders' funds		1,915,579		1,941,447

For the financial year ending 31 March 2026 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 David Paull Holdings Limited (registered number: 10674894) were approved and authorised for issue by the Board of Directors on 13 May 2026. They were signed on its behalf by:

Mr M Legg 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

David Paull 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:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
United Kingdom.

The principle place of business is:
Jon Davey Drive,
Treleigh
Redruth
Cornwall
England

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 Balance Sheet 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.

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 in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	1,636,103		1,636,103
At 31 March 2026	1,636,103		1,636,103
Carrying value at 31 March 2026	1,636,103		1,636,103
Carrying value at 31 March 2025	1,636,103		1,636,103

Details of the investments (including the principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings
David Paull (CNC) Engineering Limited 100% of ordinary shares,

The principal activity of David Paull (CNC) Engineering Limited is manufacture and production of precision machined parts.

4. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	6,000		0
Other creditors	865		840
	6,865		840

5. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
534,844 Ordinary shares of £ 1.00 each	534,844		534,844

6. Related party transactions

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

	2026		2025
	£		£
David Paull (CNC) Engineering Limited	0		200,000

David Paull (CNC) Engineering Limited repaid £200,000 during the year and was advanced £nil. No interest is being charged on the loan.