Company No: 16126329 (England and Wales)

Contents

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

DIRECTORS	L T Naish (Appointed 09 December 2024)
	A J Pullin (Appointed 09 December 2024)

REGISTERED OFFICE	2nd Floor
	South One Castle Park
	Tower Hill
	Bristol
	BS2 0JA
	United Kingdom

COMPANY NUMBER

16126329 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	2nd Floor, South
	One Castle Park
	Tower Hill
	Bristol
	BS2 0JA
	United Kingdom

	Note	31.12.2025
		£
Fixed assets
Investments	3	8,841,444
		8,841,444
Current assets
Debtors	4	380
Cash at bank and in hand		125,800
		126,180
Creditors: amounts falling due within one year	5	( 8,535,547)
Net current liabilities		(8,409,367)
Total assets less current liabilities		432,077
Provision for liabilities	6	( 91,545)
Net assets		340,532
Capital and reserves
Called-up share capital		100
Profit and loss account		340,432
Total shareholders' funds		340,532

For the financial period 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 period 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 A & L Pullin and Family Ltd (registered number: 16126329) were approved and authorised for issue by the Board of Directors on 09 September 2026. They were signed on its behalf by:

A J Pullin Director

L T Naish Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

A & L Pullin and Family Ltd (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 2nd Floor, South One Castle Park, Tower Hill, Bristol, BS2 0JA, United Kingdom.

The company's principal activity and the nature of its operations are investment portfolio management, operating as a family investment company.

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 financial statements have been prepared on the going concern basis.

At 31 December 2025, the company had net current liabilities of £8,409,367. These liabilities arise principally from amounts due to the directors in respect of funding provided to the company during the period to facilitate the acquisition and holding of its investment portfolio. The directors have confirmed that they do not intend to seek repayment of these balances in a manner that would adversely affect the company's ability to meet its liabilities as they fall due.

The company held investments with a fair value of £8,841,444 at the balance sheet date and reported net assets of £340,532. The directors have reviewed the company's cash flow requirements, funding arrangements and overall financial position and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Reporting period length

These financial statements cover the period from 09 December 2024 to 31 December 2025, being the company's first accounting period. Consequently, comparative information has not been presented.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is 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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Fixed asset investments

Investments in shares are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

2. Employees

	Period from 09.12.2024 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 09 December 2024	0		0
Additions	14,335,291		14,335,291
Disposals	( 5,860,026)		( 5,860,026)
Movement in fair value	366,179		366,179
At 31 December 2025	8,841,444		8,841,444
Carrying value at 31 December 2025	8,841,444		8,841,444

4. Debtors

	31.12.2025
	£
Other debtors	380

5. Creditors: amounts falling due within one year

	31.12.2025
	£
Taxation and social security	19,644
Other creditors	8,515,903
	8,535,547

6. Deferred tax

	31.12.2025
	£
At the beginning of financial period	0
Charged to the Profit and Loss Account	( 91,545)
At the end of financial period	( 91,545)

7. Related party transactions

Transactions with the entity's directors

	31.12.2025
	£
Amounts funded by Directors	8,500,208
	0

Included within other creditors are amounts due to the directors totalling £8,500,208. The balances represent amounts funded by the directors on behalf of the company during the year. The loans are unsecured, interest-free and repayable on demand.