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REGISTERED NUMBER: 07931058 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

P7ECOMMERCE LTD

P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P7ECOMMERCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: M R Higham
S E Jenkins
D A Cartman





REGISTERED OFFICE: 9 Penhale Close
Tattenhoe
Milton Keynes
Cheshire
MK4 3DZ





REGISTERED NUMBER: 07931058 (England and Wales)






P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

BALANCE SHEET
31 MARCH 2018

31/3/18 31/3/17
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,501,360 1,501,360

CURRENT ASSETS
Debtors 5 1,168 10,986
Cash at bank 49,989 7,006
51,157 17,992
CREDITORS
Amounts falling due within one year 6 725,153 72,496
NET CURRENT LIABILITIES (673,996 ) (54,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,364

1,446,856

CREDITORS
Amounts falling due after more than one
year

7

-

(687,953

)

PROVISIONS FOR LIABILITIES (17,850 ) (8,337 )
NET ASSETS 809,514 750,566

CAPITAL AND RESERVES
Called up share capital 9 85 85
Share premium 5,614 5,614
Capital redemption reserve 25 25
Fair value reserve 10 105,000 -
Retained earnings 698,790 744,842
SHAREHOLDERS' FUNDS 809,514 750,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on
its behalf by:





S E Jenkins - Director


P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

P7Ecommerce Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties (including properties held under an operating lease) are initially measured at
cost and subsequently measured at fair value whilst a reliable measure of fair value is available
without undue cost or effort. Changes in fair value are recognised in profit or loss.

Financial instruments
FINANCIAL ASSETS

Trade, group and other debtors (including accrued income) which are receivable within one year and
which do not constitute a financing transaction are initially measured at the transaction price and
subsequently measured at amortised cost, being the transaction price less any amounts settled and
any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the
amounts due will not be collected according to the original terms of the contract. Impairment losses
are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present
value of the future cash flows discounted using the original effective interest rate. Subsequent
reversals of an impairment loss that objectively relate to an event occurring after the impairment loss
was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors (including accruals) payable within one year that do not constitute a
financing transaction are initially measured at the transaction price and subsequently measured at
amortised cost, being transaction price less any amounts settled.

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled,
or substantially all the risks and rewards of ownership are transferred to another party, or if some
significant risks and rewards of ownership are retained but control of the asset has transferred to
another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability
(or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled
or expires.


P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 1,501,360
NET BOOK VALUE
At 31 March 2018 1,501,360
At 31 March 2017 1,501,360

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2016 34,516
Valuation in 2017 106,360
Cost 1,360,484
1,501,360

P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical
cost:

31/3/18 31/3/17
£    £   
Cost 1,360,484 1,360,484

The investment property was valued on an investment basis on 5 September 2016 by Louis Taylor Limited
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Trade debtors - 9,715
Other debtors 1,168 1,271
1,168 10,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Bank loans and overdrafts - 43,125
Trade creditors - 1,056
Taxation and social security 24,253 26,270
Other creditors 700,900 2,045
725,153 72,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/18 31/3/17
£    £   
Bank loans - 687,953

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 515,453

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/18 31/3/17
£    £   
Directors loan 700,000 -

The directors loan is secured by a fixed and floating charge over all the property and undertaking of
the company.

P7ECOMMERCE LTD (REGISTERED NUMBER: 07931058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/18 31/3/17
value: £    £   
85 Ordinary £1 85 85

10. RESERVES
Fair
value
reserve
£   
Revaluation 105,000

At 31 March 2018 105,000