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Registration number: 00915484

Pentagon Marine Limited
Filleted Financial Statements
for the Period from 1 May 2025 to 31 December 2025

Pentagon Marine Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 10

Pentagon Marine Limited

Company Information

Directors | C E Carlbom Flinn A Taylor

Registered office | 32-33 Clipper Boulevard Crossways Business Park Dartford England DA2 6QB

Auditors | Bissell & Brown Midlands Ltd Senior Statutory AuditorCharter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

Pentagon Marine Limited

(Registration number: 00915484)
Balance Sheet as at 31 December 2025

| Note | 31 December 2025 £ | 30 April 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 5,976 | 7,957
Current assets |  |  |
Debtors | 6 | 1,034,153 | 720,765
Cash at bank and in hand |  | 160,344 | 103,020
|  | 1,194,497 | 823,785
Creditors: Amounts falling due within one year | 7 | (1,415,543) | (1,042,735)
Net current liabilities |  | (221,046) | (218,950)
Net liabilities |  | (215,070) | (210,993)
Capital and reserves |  |  |
Called up share capital | 9 | 3,000 | 3,000
Retained earnings |  | (218,070) | (213,993)
Shareholders' deficit |  | (215,070) | (210,993)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 9 July 2026 and signed on its behalf by:

......................................... A Taylor Director

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
32-33 Clipper Boulevard
Crossways Business Park
Dartford
DA2 6QB
England

These financial statements were authorised for issue by the Board on 9 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Summary of disclosure exemptions

The company has taken advantage of exemptions available to subsidiaries whose results are consolidated into publicly available financial statements. As such, the Company will not produce a cash flow statement, nor disclose related party transactions undertaken within the group companies.

Disclosure of long or short period

The current accounting period covers the eight months ended 31 December 2025. Comparative figures cover the twelve months ended 30 April 2025 and are therefore not directly comparable.

Going concern

The financial statements have been prepared on a going concern basis. The company is dependent upon financial support from its parent undertaking and continued access to group funding facilities. The existing group funding arrangement is due for renewal in December 2027 and the directors have a reasonable expectation that this facility will be renewed and that ongoing financial support will continue to be made available to the company for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

2 | Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 9 July 2026 was Paul Matthews, who signed for and on behalf of Bissell & Brown Midlands Ltd.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% reducing balance & 20%-33% straight line

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

2 | Accounting policies (continued)

Financial instruments

Classification
Trade debtors
Trade debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Trade debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.
Where the arrangement with a trade debtor constitutes a financing transaction, the debtor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
A provision for impairment of trade debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Financial instruments are classified as liabilities and equity instruments 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.
Trade creditors
Trade creditors payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
Where the arrangement with a trade creditor constitutes a financing transaction, the creditor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar instrument.
Borrowings
Borrowings are initially recognised at the transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.
Commitments to receive a loan are measured at cost less impairment.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6 (2025 - 7).

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

4 | Taxation

Tax charged/(credited) in the profit and loss account

| 31 December 2025 £ | 30 April 2025 £
Current taxation |  |
UK corporation tax | - | (6,147)
Deferred taxation |  |
Arising from origination and reversal of timing differences | (1,193) | -
Tax receipt in the income statement | (1,193) | (6,147)

Deferred tax

Deferred tax assets and liabilities

2025 | Asset £ | Liability £
Accelerated tax depreciation | - | 1,494
Tax losses carry forward recognised | 66,301 | -
| 66,301 | 1,494

April 2025 | Asset £ | Liability £
Accelerated tax depreciation | - | 1,989
Tax losses carry forward recognised | 65,785 | -
| 65,785 | 1,989

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

5 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 May 2025 | 22,593 | 22,593
At 31 December 2025 | 22,593 | 22,593
Depreciation
At 1 May 2025 | 14,636 | 14,636
Charge for the period | 1,981 | 1,981
At 31 December 2025 | 16,617 | 16,617
Carrying amount
At 31 December 2025 | 5,976 | 5,976
At 30 April 2025 | 7,957 | 7,957

6 | Debtors

Current | 31 December 2025 £ | 30 April 2025 £
Trade debtors | 895,958 | 640,798
Prepayments | 5,897 | 9,336
Other debtors | 132,298 | 70,631
| 1,034,153 | 720,765

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 31 December 2025 £ | 30 April 2025 £
Due within one year |  |  |
Trade creditors |  | 571,894 | 602,196
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 787,236 | 375,688
Taxation and social security |  | 8,555 | 10,520
Accruals and deferred income |  | 46,429 | 51,510
Other creditors |  | 1,429 | 2,821
|  | 1,415,543 | 1,042,735

8 | Obligations under operating leases

Operating leases

The total of future minimum lease payments is as follows:

| 31 December 2025 £ | 30 April 2025 £
Not later than one year | 20,737 | 8,514
Later than one year and not later than five years | 20,593 | 8,223
| 41,330 | 16,737

Pentagon Marine Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025 (continued)

9 | Share capital

Allotted, called up and fully paid shares

| 31 December 2025 | 30 April 2025
| No. | £ | No. | £
Ordinary Share of £1 each | 3,000 | 3,000 | 3,000 | 3,000

10 | Parent and ultimate parent undertaking

The company's immediate parent undertaking is Pentagon Freight Services Plc, a company incorporated in England and Wales .
The ultimate parent undertaking and controlling party is JAS UK Holding Limited, a company incorporated in USA.
The smallest and largest group for which consolidated financial statements are prepared and publicly available is headed by JAS UK Holding Limited. Copies of those financial statements may be obtained from Companies House.