Company No: 09921429 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	753,575		753,575
		753,575		753,575
Creditors: amounts falling due within one year	4	( 3)		( 3)
Net current liabilities		(3)		(3)
Total assets less current liabilities		753,572		753,572
Net assets		753,572		753,572
Capital and reserves
Called-up share capital	5	4		4
Profit and loss account		753,568		753,568
Total shareholders' funds		753,572		753,572

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 Profit and Loss Account has not been delivered.

The financial statements of PAGS Holdings Limited (registered number: 09921429) were approved and authorised for issue by the Board of Directors on 15 September 2026. They were signed on its behalf by:

A M Paterson 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

PAGS 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 Mill Court, Mill Hill, Edenbridge, TN8 5DB, 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 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 £.

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 Profit and Loss Account 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	753,575
At 31 December 2025	753,575
Carrying value at 31 December 2025	753,575
Carrying value at 31 December 2024	753,575

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	3		3

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 0.01 each	1.00		1.00
100 Ordinary B shares of £ 0.01 each	1.00		1.00
100 Ordinary C shares of £ 0.01 each	1.00		1.00
100 Ordinary D shares of £ 0.01 each	1.00		1.00
1 Ordinary E share of £ 0.01	0.01		0.01
1 Ordinary F share of £ 0.01	0.01		0.01
1 Ordinary G share of £ 0.01	0.01		0.01
1 Ordinary H share of £ 0.01	0.01		0.01
	4.04		4.04

6. Related party transactions

Other related party transactions

The company has taken advantage of the exemption in FRS 102 1A C.35 "Related Party Disclosures" from disclosing transactions with other members of the group.