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Company Registration No. 12055971 (England and Wales)
P1 Capital Rock Limited Unaudited accounts for the year ended 30 June 2023
P1 Capital Rock Limited Unaudited accounts Contents
Page
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P1 Capital Rock Limited Company Information for the year ended 30 June 2023
Directors
Panayiotis Andreou Christon Burrows Anthony Paul Willis
Company Number
12055971 (England and Wales)
Registered Office
47a Broadgates Market Place Henley-On-Thames RG9 2AD
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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P1 Capital Rock Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
2,000,000 
2,000,000 
Cash at bank and in hand
100 
100 
2,000,100 
2,000,100 
Creditors: amounts falling due within one year
(2,008,400)
(2,006,300)
Net current liabilities
(8,300)
(6,200)
Net liabilities
(8,300)
(6,200)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,400)
(6,300)
Shareholders' funds
(8,300)
(6,200)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Christon Burrows Director Company Registration No. 12055971
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P1 Capital Rock Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
P1 Capital Rock Limited is a private company, limited by shares, registered in England and Wales, registration number 12055971. The registered office is 47a Broadgates, Market Place, Henley-On-Thames, RG9 2AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the directors consider it appropriate to prepare the accounts on a going concern basis.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
2,000,000 
2,000,000 
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P1 Capital Rock Limited Notes to the Accounts for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
1,681,300 
1,679,200 
Loans from directors
325,000 
325,000 
Accruals
2,100 
2,100 
2,008,400 
2,006,300 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
As at the Balance Sheet Date, the company owed the sum of £325,000 (2022: £325,000) to Anthony Willis. Anthony Willis is a director of P1 Capital Rock Limited. As at the Balance Sheet Date, the sum of £675,000 (2022: £675,000) was owed to P1 Capital Limited. Christon Burrows who is director of P1 Capital Rock Limited is also a director of P1 Capital Limited and owns 100% of the share capital of P1 Capital Limited. As at the Balance Sheet Date, the sum of £1,000,000 (2022: £1,000,000) was owed to P1 Worsfold Limited. Christon Burrows who is a director of P1 Capital Rock Limited is also a director of P1 Worsfold Limited.
8
Controlling party
During the period under review, there was no controlling party.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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