IRIS Accounts Production v24.2.0.383 08073748 director 1.1.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080737482022-12-31080737482024-03-31080737482023-01-012024-03-31080737482021-12-31080737482022-01-012022-12-31080737482022-12-3108073748ns15:EnglandWales2023-01-012024-03-3108073748ns14:PoundSterling2023-01-012024-03-3108073748ns10:Director12023-01-012024-03-3108073748ns10:PrivateLimitedCompanyLtd2023-01-012024-03-3108073748ns10:SmallEntities2023-01-012024-03-3108073748ns10:AuditExempt-NoAccountantsReport2023-01-012024-03-3108073748ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012024-03-3108073748ns10:SmallCompaniesRegimeForAccounts2023-01-012024-03-3108073748ns10:FullAccounts2023-01-012024-03-3108073748ns10:OrdinaryShareClass12023-01-012024-03-3108073748ns5:CurrentFinancialInstruments2024-03-3108073748ns5:CurrentFinancialInstruments2022-12-3108073748ns5:ShareCapital2024-03-3108073748ns5:ShareCapital2022-12-3108073748ns5:RetainedEarningsAccumulatedLosses2024-03-3108073748ns5:RetainedEarningsAccumulatedLosses2022-12-3108073748ns10:RegisteredOffice2023-01-012024-03-3108073748ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108073748ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108073748ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08073748 (England and Wales)










PARTICEPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024






PARTICEPS LIMITED (REGISTERED NUMBER: 08073748)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


PARTICEPS LIMITED (REGISTERED NUMBER: 08073748)

BALANCE SHEET
31ST MARCH 2024

2024 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 14,329 5,086
Cash at bank and in hand 6,048 4,320
20,377 9,406
CREDITORS
Amounts falling due within one year 5 16,926 5,300
NET CURRENT ASSETS 3,451 4,106
TOTAL ASSETS LESS CURRENT LIABILITIES 3,451 4,106

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 3,351 4,006
SHAREHOLDERS' FUNDS 3,451 4,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th October 2024 and were signed by:





B Beswick - Director


PARTICEPS LIMITED (REGISTERED NUMBER: 08073748)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Particeps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08073748

Registered office: 3365 Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders and the bank will continue to financially support the company.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Turnover represents net invoiced sales of services.

Turnover from consultancy services is recognised when work is completed and an invoice is raised.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PARTICEPS LIMITED (REGISTERED NUMBER: 08073748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by group undertakings 13,879 4,453
Other debtors 450 633
14,329 5,086

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Taxation and social security 1,019 940
Other creditors 15,907 4,360
16,926 5,300

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary shares £1 100 100