P J Waud00031 December 20250.000.00303921200.000.001 January 20250Mark Skellum FCA1768202126314176820176820194949455308905530890Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when a shareholders' written resolution is passed.Investments in subsidiaries are measured at cost less accumulated impairment.Valuation of investmentsThe Company's functional and presentational currency is the Pound Sterling.The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.53540783404584535363834041444304301010535407834045841768122126306885530890Ballards LLPDroitwichTimber TerminalNormandy WayGooleEast YorkshireDN14 5SP31 December 2025Lupfaw 424 LimitedFinancials UK FRS 1022026.8.2+9496330 June 2026The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.30 June 2026The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Profit and loss account and statement of other comprehensive income in accordance with the provisions applicable to companies subject to the small companies regime.09802069 09802069 bus:Audited 2025-01-01 2025-12-31 09802069 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09802069 core:RetainedEarningsAccumulatedLosses 2025-12-31 09802069 core:RetainedEarningsAccumulatedLosses 2024-12-31 09802069 core:SharePremium 2024-12-31 09802069 core:ShareCapital 2024-12-31 09802069 bus:Director1 2025-01-01 2025-12-31 09802069 core:ShareCapital 2025-12-31 09802069 core:CurrentFinancialInstruments 2025-12-31 09802069 bus:RegisteredOffice 2025-01-01 2025-12-31 09802069 bus:FullAccounts 2025-01-01 2025-12-31 09802069 curr:PoundSterling 2025-01-01 2025-12-31 09802069 core:SharePremium 2025-12-31 09802069 2025-01-01 09802069 core:CurrentFinancialInstruments 2024-12-31 09802069 core:Non-currentFinancialInstruments 2025-12-31 09802069 1 2025-01-01 2025-12-31 09802069 bus:FRS102 2025-01-01 2025-12-31 09802069 2024-12-31 09802069 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09802069 2025-12-31 09802069 2024-01-01 2024-12-31 09802069 2025-01-01 2025-12-31 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP

Registration number:09802069 

Lupfaw 424 Limited

​​​​​

Filleted Financial Statements

For The Year​ Ended 31 December 2025

Lupfaw 424 Limited

Contents

 

Company information
2
Balance sheet
3
Notes to the financial statements
4

Lupfaw 424 Limited

Company information

 

 

Director

P J Waud

Registered office

Timber Terminal
Normandy Way
Goole
East Yorkshire
DN14 5SP

Independent auditors

Ballards LLP
11c Kingswood Road
Hampton Lovett
Droitwich
WR9 0QH

2

 

Lupfaw 424 Limited

Registered number: 09802069​

 

Balance sheet​

as at 31 December 2025

Note
2025
£
2024
£
Fixed assets
)
)
Investments
 4
5,530,890
)
5,530,890
)
Current assets
)
)
Debtors
 5
8
)
8
)
Creditors: amounts falling due within one year
 6
(176,820)
(2,126,314)
Net current liabilities
(176,812)
(2,126,306)
Net assets
5,354,078
)
3,404,584
)
Capital and reserves
)
)
Called up share capital
10
)
10
)
Share premium
430
)
430
)
Profit and loss account
5,353,638
)
3,404,144
)
Total capital and reserves
5,354,078
)
3,404,584
)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Profit and loss account and statement of other comprehensive income in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

....................................

Mr P J Waud
Director

Date: 30 June 2026 

The notes on pages 12 to 14 form part of these financial statements.

3

Lupfaw 424 Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

 

1.

General information

Lupfaw 424 Limited is a private company limited by share capital, incorporated in England & Wales. 

The address of its registered office is
Timber Terminal
Normandy Way
Goole
East Yorkshire

2.

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.

a.

Basis of preparation of financial statements

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The Company's functional and presentational currency is the Pound Sterling.

b.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

c.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

4

Lupfaw 424 Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

 

2.

Accounting policies

continued
d.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

e.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

f.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when a shareholders' written resolution is passed.

3.

Employees

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1 ).

4.

Fixed asset investments

Investments in subsidiaries
£
Total
£
Cost or valuation
)
)
At 1 January 2025
5,530,890
)
5,530,890
)
At 31 December 2025
5,530,890
)
5,530,890
)

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Name
Holding
2025
%
2024
%
Global Shipping Services Limited
Ordinary
100
)
100
)

5

Lupfaw 424 Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

 

5.

Debtors​​​

2025
£
2024
£
Due within one year
)
)
Other debtors
8
)
8
)
6.

Creditors​: amounts falling due within one year

2025
£
2024
£
Amounts owed to group undertakings
-
)
1,949,494
)
Other creditors
176,820
)
176,820
)
 
176,820
)
2,126,314
)
7.

Share capital

2025 Number
2025
£
2024 Number
2024
£
)
)
)
)
A Ordinary shares of
£1 each
9
)
9
)
9
)
9
)
C Ordinary shares of
£1 each
1
)
1
)
1
)
1
)
 
 
10
)
10
)
10
)
10
)
8.

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, not to disclose related party transactions with group companies.

9.

Parent undertaking​

The company's immediate parent is Timbergate Holdings Limited, incorporated in England and Wales.

10.

Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 30 June 2026  by Mark Skellum FCA (Senior statutory auditor) on behalf of Ballards LLP.

6