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Registration number: 11389180

PI2 Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

PI2 Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

PI2 Ltd

(Registration number: 11389180)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

167,480

167,480

Current assets

 

Cash at bank and in hand

 

4

4

Creditors: Amounts falling due within one year

5

(167,005)

(141,242)

Net current liabilities

 

(167,001)

(141,238)

Total assets less current liabilities

 

479

26,242

Creditors: Amounts falling due after more than one year

5

-

(25,763)

Net assets

 

479

479

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

475

475

Shareholders' funds

 

479

479

 

PI2 Ltd

(Registration number: 11389180)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
Mr L N Bavington
Director

 

PI2 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the recharge of expenditure in the ordinary course of the company’s activities.

Investments

Investments in subsidiary undertakings are recognised at cost and are subject to an annual impairment review
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Investments

2023
£

2022
£

Investments in subsidiaries

167,480

167,480

 

PI2 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Subsidiaries

£

Cost or valuation

At 1 December 2022

167,480

Provision

Carrying amount

At 30 November 2023

167,480

At 30 November 2022

167,480

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Power Installations (UK) Limited

7-9 Macon Court, Crewe, Cheshire, CW1 6EA

United Kingdom

Ordinary A

50%

50%

Subsidiary undertakings

Power Installations (UK) Limited

The principal activity of Power Installations (UK) Limited is Electrical installation.

 

PI2 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other borrowings

26,511

47,577

Other creditors

140,494

93,665

167,005

141,242

Included within other borrowings is a loan secured by a floating and fixed charge over all property and undertaking of the company.

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other borrowings

-

25,763

Included within other borrowings is a loan secured by a floating and fixed charge over all property and undertaking of the company.