Company registration number 03255728 (England and Wales)
PARTICIPATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PARTICIPATION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PARTICIPATION LIMITED (REGISTERED NUMBER: 03255728)
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
52,537
32,180
Current assets
Debtors
4
569
6,251
Cash at bank and in hand
82,966
4,499
83,535
10,750
Creditors: amounts falling due within one year
5
(43,651)
(40,000)
Net current assets/(liabilities)
39,884
(29,250)
Total assets less current liabilities
92,421
2,930
Provisions for liabilities
(7,725)
-
0
Net assets
84,696
2,930
Capital and reserves
Called up share capital
100
1
Profit and loss reserves
84,596
2,929
Total equity
84,696
2,930

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PARTICIPATION LIMITED (REGISTERED NUMBER: 03255728)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
Mr S King
Director
PARTICIPATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Participation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 63/66 Hatton Garden, Fifth Floor Suite 23, London, England, EC1N 8LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced provision of services excluding VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on straight line
Motor vehicles
25% on reducing balance

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.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
1
PARTICIPATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 October 2022
-
0
32,180
32,180
Additions
1,836
32,106
33,942
At 30 September 2023
1,836
64,286
66,122
Depreciation and impairment
At 1 October 2022
-
0
-
0
-
0
Depreciation charged in the year
179
13,406
13,585
At 30 September 2023
179
13,406
13,585
Carrying amount
At 30 September 2023
1,657
50,880
52,537
At 30 September 2022
-
0
32,180
32,180
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
569
6,251
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
40,975
-
0
Other creditors
2,676
40,000
43,651
40,000
6
Prior period adjustment
PARTICIPATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
6
Prior period adjustment
(Continued)
- 5 -
Reconciliation of changes in equity
1 October
30 September
2021
2022
£
£
Adjustments to prior year
Share capital
-
1
Equity as previously reported
-
2,929
Equity as adjusted
-
2,930
Analysis of the effect upon equity
Share capital
-
1
Reconciliation of changes in profit for the previous financial period
2022
£
Total adjustments
-
Profit as previously reported
2,929
Profit as adjusted
2,929
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