ACCOUNTS - Final Accounts preparation

Registered number: 09671632

PENLAW FIXINGS LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


PENLAW FIXINGS LIMITED

COMPANY INFORMATION

Director	Ian Jackson


Registered number	09671632


Registered office	Adsetts House
	16 Europa View
	Sheffield Business Park
	Sheffield
	S9 1XH


PENLAW FIXINGS LIMITED

CONTENTS

	Page
Director's Report	1
Statement of Income and Retained Earnings	2
Balance Sheet	3
Notes to the Financial Statements	4 - 6


PENLAW FIXINGS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Director presents his report and the financial statements for the year ended 31 December 2025.

Principal activity

The company did not trade in the year and is dormant.

Director's responsibilities statement

The Director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the Director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director

The Director who served during the year and subsequently was:

Ian Jackson

Small companies note

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

This report was approved by the Board on 21 July 2026 and signed on its behalf.

Ian Jackson

Director

Page 1


PENLAW FIXINGS LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Profit after tax		-	-



Retained earnings at the beginning of the year		-	467,562
		-	467,562
Dividends declared and paid	2	-	(467,562)
Retained earnings at the end of the year		-	-

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 4 to 6 form part of these financial statements.

Page 2


PENLAW FIXINGS LIMITED REGISTERED NUMBER:09671632

BALANCE SHEET

AS AT 31 DECEMBER 2025

	2025	2024
Note	£	£


Fixed assets
Current assets
Debtors: amounts falling due within one year	3	100	100
		100	100
Total assets less current liabilities		100	100



Net assets		100	100

Capital and reserves
Called up share capital	4	100	100
		100	100

These accounts have been prepared in accordance with the provisions applicable to companies which would be entitled to
the small companies' regime but for being a member of an ineligible group.

For the year ended 31 December 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The 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 Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company was entitled to exemption from preparing a strategic report, in accordance with 414B Companies Act 2006.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf on 21 July 2026.

Ian Jackson

Director

The notes on pages 8 to 20 form part of these financial statements.

Page 3


PENLAW FIXINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.
The Company is a private company and is incorporated and domiciled in the UK. The address of the registered office is given in the Company Information section.The financial statements are presented in pounds sterling, which is the currency of the primary economic environment in which the Company operates (its functional currency).

Summary of disclosure exemptions
The Company meets the definition of a qualifying entity under FRS102 and has therefore taken advantage of
the disclosure exemptions available to it in respect of its financial statements.
Exemptions have been taken in the presentation of a cash flow statement and remuneration of key management
personnel.

Financial Instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial assets and liabilties are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and financial liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss if the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, 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.

Page 4


PENLAW FIXINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Significant accounting policies (continued)

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.	Dividends
		2025	2024
		£	£

	Dividends paid	-	467,562
		-	467,562

Debtors

				2025	2024
				£	£


Amounts owed by group undertakings	100	100
	100	100

Amounts owed by the parent undertaking are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Page 5


PENLAW FIXINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Share capital
		2025	2024
		£	£

Authorised, allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Rights, preferences and restrictions
Ordinary shares have the following rights, preferences and restrictions:
All shares rank equally, each share entitles each holder to one vote, entitles the holder to dividend payments or due distribution, and each share entitles the holder pari passu to participate in a distribution from a winding up of the Company.

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and adjustments.

6.	Related party transactions
	The Company has taken advantage of the exemption available under FRS102 from disclosing transactions with entities that are part of the same group.

7.	Ultimate parent undertaking

The Company is an indirectly wholly owned subsidiary of SIG Trading Limited, which is registered in England and Wales. The Company's ultimate parent company and ultimate controlling party is SIG plc, which is also registered in England and Wales.
The only Group in which the results of the Company are consolidated is that headed by SIG plc, the ultimate parent Company. The Consolidated Financial Statements are available to the public and may be obtained from the Company Secretary of SIG plc at Adsetts House, 16 Europa View, Sheffield Business Park, Sheffield, S9 1XH, or via the Company website www.sigplc.com.

Page 6