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Company No: 10811799 (England and Wales)

# PRF COMPOSITE HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

PRF COMPOSITE HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

PRF COMPOSITE HOLDINGS LIMITED

## BALANCE SHEET

As at 31 December 2025
PRF COMPOSITE HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 4,577,519 |  | 3,996,725
Investments | 4 | 9,000 |  | 9,000
|  | 4,586,519 |  | 4,005,725
Current assets |  |  |  |
Debtors | 5 | 76,915 |  | 134,501
Cash at bank and in hand |  | 547,696 |  | 639,013
|  | 624,611 |  | 773,514
Creditors: amounts falling due within one year | 6 | ( 1,170,242) |  | ( 1,306,639)
Net current liabilities |  | (545,631) |  | (533,125)
Total assets less current liabilities |  | 4,040,888 |  | 3,472,600
Net assets |  | 4,040,888 |  | 3,472,600
Capital and reserves |  |  |  |
Called-up share capital | 7 | 9,000 |  | 9,000
Profit and loss account |  | 4,031,888 |  | 3,463,600
Total shareholders' funds |  | 4,040,888 |  | 3,472,600

For the financial year ending 31 December 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 PRF Composite Holdings Limited (registered number: 10811799) were approved and authorised for issue by the Board of Directors on 05 August 2026. They were signed on its behalf by:

Mr R Burnell Director |

PRF COMPOSITE HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
PRF COMPOSITE HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

PRF Composite 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 3 Upton Road, Poole, BH17 7AA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

##### 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.

##### 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:

Land and buildings | not depreciated

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.

##### 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 Statement of Income and Retained Earnings as described below.

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 3,996,725 |  | 3,996,725
Additions | 580,794 |  | 580,794
At 31 December 2025 | 4,577,519 |  | 4,577,519
Accumulated depreciation |  |  |
At 01 January 2025 | 0 |  | 0
At 31 December 2025 | 0 |  | 0
Net book value |  |  |
At 31 December 2025 | 4,577,519 |  | 4,577,519
At 31 December 2024 | 3,996,725 |  | 3,996,725

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 9,000
At 31 December 2025 | 9,000
Carrying value at 31 December 2025 | 9,000
Carrying value at 31 December 2024 | 9,000

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 68,700 |  | 116,700
Amounts owed by connected persons | 0 |  | 10,775
Other debtors | 8,215 |  | 7,026
| 76,915 |  | 134,501

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 296,743 |  | 296,743
Amounts owed to Group undertakings | 297,174 |  | 242,699
Amounts owed to connected persons | 29,933 |  | 0
Taxation and social security | 44,436 |  | 41,145
Other creditors | 501,956 |  | 726,052
| 1,170,242 |  | 1,306,639

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
5,750 Ordinary A shares of £ 1.00 each | 5,750 |  | 5,750
750 Ordinary B shares of £ 1.00 each | 750 |  | 750
1,049 Ordinary C shares of £ 1.00 each | 1,049 |  | 1,049
451 Ordinary D shares of £ 1.00 each | 451 |  | 451
1,000 Ordinary E shares of £ 1.00 each | 1,000 |  | 1,000
| 9,000 |  | 9,000

#### 8. Related party transactions

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to connected companies included within "Trade Debtors" | 68,700 |  | 116,700
Amounts owed to connected companies included within "Amounts owed to Group undertakings" | 297,174 |  | 242,699