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REGISTERED NUMBER: 05529140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

P3M PARTNERS LIMITED

P3M PARTNERS LIMITED (REGISTERED NUMBER: 05529140)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P3M PARTNERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M R G Lowman
Mrs S Lowman
D C Selway
S Goseberg





SECRETARY: M R G Lowman





REGISTERED OFFICE: 222 Upper Richmond Road West
London
SW14 8AH





REGISTERED NUMBER: 05529140 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

P3M PARTNERS LIMITED (REGISTERED NUMBER: 05529140)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,746 10,889

CURRENT ASSETS
Debtors 5 47,396 60,485
Cash at bank 272,779 322,201
320,175 382,686
CREDITORS
Amounts falling due within one year 6 197,680 240,057
NET CURRENT ASSETS 122,495 142,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,241

153,518

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 123,241 152,518
SHAREHOLDERS' FUNDS 124,241 153,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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

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 and authorised for issue on 16 September 2024 and were signed on its behalf by:



M R G Lowman - Director



Mrs S Lowman - Director


P3M PARTNERS LIMITED (REGISTERED NUMBER: 05529140)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

P3M PARTNERS LIMITED 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.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 25% on cost

Pension costs and other post-retirement benefits
The company contributes towards the director personal pension plan. Contribution paid for the year are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 60,984
DEPRECIATION
At 1 January 2023 50,095
Charge for year 9,143
At 31 December 2023 59,238
NET BOOK VALUE
At 31 December 2023 1,746
At 31 December 2022 10,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,396 60,485

P3M PARTNERS LIMITED (REGISTERED NUMBER: 05529140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 132,868 187,925
Taxation and social security 29,779 28,396
Other creditors 35,033 23,736
197,680 240,057

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M R G Lowman
Balance outstanding at start of year (140 ) (140 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (140 ) (140 )

8. RELATED PARTY DISCLOSURES

Mr D C Selway a director of the company did consultancy work for the company. Fees amounting to
£800 (2022 £5,993) net of Vat was charged to the company through his personal company Metis Professional Services Limited. All the transactions were conducted at arms length.

Mr S Goseberg a director of the company did consultancy work for the company. Fees amounting to £99,718 (2022 £141,506) was charged to the company through his personal company Tenderix.. All the transactions were conducted at arms length.

During the period, the following dividends were paid to the directors of the company in respect of ordinary shares:

Mr M R G Lowman £58,000 (2022 £30,000)
Mrs S Lowman £23,000 (2022 £15,000)

During the period the company made contributions of £60,000 (2022 - £12,000) towards the personal pension plan of Mr M Lowman, a director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M R G Lowman.