Company registration number 07111472 (England and Wales)
PP2 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PP2 LTD
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
as restated
£
£
£
£
Fixed assets
650,359
651,232
Current assets
25,371
26,689
Prepayments and accrued income
534
523
Creditors: amounts falling due within one year
(359,899)
(371,473)
Net current liabilities
(333,994)
(344,261)
Total assets less current liabilities
316,365
306,971
Accruals and deferred income
(3,825)
(3,611)
Net assets
312,540
303,360
Capital and reserves
312,540
303,360
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
4
4
2
Change in financial reporting standard

These financial statements for the year ended 31st December 2023 are the first financial statements of PP2 Ltd prepared in accordance with FRS 105, 'The Financial Reporting Standard applicable to the Micro-entities Regime'. The date of transition to FRS 105 was 1st January 2022. The effect of this transition under FRS 105 is a requirement to hold investment properties at cost and it is also prohibited to recognise any deferred tax. As such on transition, the deferred tax has been eliminated.

PP2 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17a Abbot Road, Guildford, Surrey, United Kingdom, GU1 3TA.

For the year ended 31 December 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.

PP2 LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the board of directors and authorised for issue on 31 October 2024 and are signed on its behalf by:
C W F Proud
Director
Company registration number 07111472 (England and Wales)
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