Company No: 01330499 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A R Hollyhead (Appointed 01 January 2026, Resigned 31 March 2026)
	J Hough (Appointed 01 July 2024, Resigned 30 September 2025)
	C Lange (Appointed 01 January 2024, Resigned 20 May 2025)
	S M M S Sabbah (Appointed 20 May 2025, Resigned 01 January 2026)
	J K Taylor (Resigned 31 January 2024)
	S Zinn (Appointed 01 January 2026)

SECRETARY

J K Pepper

REGISTERED OFFICE	Greenway House Larkwood Way
	Tytherington Business Park
	Macclesfield
	SK10 2XR
	United Kingdom

COMPANY NUMBER

01330499 (England and Wales)

AUDITOR	Harts Limited
	Statutory Auditor
	Westminster House
	10 Westminster Road
	Macclesfield
	Cheshire
	SK10 1BX

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	7,573		7,582
		7,573		7,582
Current assets
Stocks		11,938		13,035
Debtors	4	475,209		249,073
Cash at bank and in hand		7,643		138,739
		494,790		400,847
Creditors: amounts falling due within one year	5	( 288,227)		( 235,906)
Net current assets		206,563		164,941
Total assets less current liabilities		214,136		172,523
Net assets		214,136		172,523
Capital and reserves
Called-up share capital	6	12,500		12,500
Profit and loss account		201,636		160,023
Total shareholder's funds		214,136		172,523

The 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 Pfleiderer UK Limited (registered number: 01330499) were approved and authorised for issue by the Director on 24 August 2026. They were signed on its behalf by:

S Zinn 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

Pfleiderer UK 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 Greenway House Larkwood Way, Tytherington Business Park, Macclesfield, SK10 2XR, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Pfleiderer UK Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

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. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account 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 Balance Sheet.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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:

Office equipment

5 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	15		17

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	65,149		65,149
Additions	8,753		8,753
At 31 December 2024	73,902		73,902
Accumulated depreciation
At 01 January 2024	57,567		57,567
Charge for the financial year	8,762		8,762
At 31 December 2024	66,329		66,329
Net book value
At 31 December 2024	7,573		7,573
At 31 December 2023	7,582		7,582

4. Debtors

	2024		2023
	£		£
Trade debtors	1,229		0
Amounts owed by Group undertakings	411,425		166,416
Prepayments	43,377		58,488
Deferred tax asset	6,893		6,893
VAT recoverable	12,285		15,176
Other debtors	0		2,100
	475,209		249,073

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	10,735		7,913
Accruals	221,577		172,132
Taxation and social security	50,277		50,067
Other creditors	5,638		5,794
	288,227		235,906

In the prior year, we have reclassified an amount from trade creditors to other creditors for presentational purposes only.

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,250 Ordinary shares of £ 10.00 each	12,500		12,500

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
Within one year	163,192		73,077
Between one and five years	200,850		46,983
	364,042		120,060

8. Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.

9. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by David Taylor BFP FCA on behalf of Harts Limited.

10. Ultimate controlling party

The company's immediate parent undertaking is Pfleiderer Deutschland GmbH.

The company's ultimate parent undertaking and controlling party is Pfleiderer Group B.V. & Co. KG which is incorporated in Germany. It has included the company in its group accounts, copies of which are available from Pfleiderer Deutschland KG Ingolstaedter Strasse 51 92318 Neumarkt.