Company Registration No. 07642581 (England and Wales)
Pillbox Capital 2 Limited
Unaudited accounts
for the year ended 31 March 2024
Pillbox Capital 2 Limited
Unaudited accounts
Contents
Pillbox Capital 2 Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Manish K Patel
Mr Parthiv B Patel
Company Number
07642581 (England and Wales)
Registered Office
Pickford House
18 High View Close, Hamilton
Leicester
Leicestershire
LE4 9LJ
United Kingdom
Accountants
Sharman Fielding
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pillbox Capital 2 Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Pillbox Capital 2 Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Pillbox Capital 2 Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Pillbox Capital 2 Limited and state those matters that we have agreed to state to the Board of Directors of Pillbox Capital 2 Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pillbox Capital 2 Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pillbox Capital 2 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pillbox Capital 2 Limited. You consider that Pillbox Capital 2 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pillbox Capital 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sharman Fielding
Chartered Accountants
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
10 November 2024
Pillbox Capital 2 Limited
Statement of financial position
as at 31 March 2024
Tangible assets
7,812
9,328
Cash at bank and in hand
47,092
10,730
Creditors: amounts falling due within one year
(32,244)
(277,584)
Net current assets
470,785
862,710
Net assets
478,597
872,038
Called up share capital
1,000
1,000
Profit and loss account
477,597
871,038
Shareholders' funds
478,597
872,038
For the year ending 31 March 2024 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 10 November 2024 and were signed on its behalf by
Mr Manish K Patel
Director
Company Registration No. 07642581
Pillbox Capital 2 Limited
Notes to the Accounts
for the year ended 31 March 2024
Pillbox Capital 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 07642581. The registered office is Pickford House, 18 High View Close, Hamilton, Leicester, Leicestershire, LE4 9LJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Method
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
11,740
2,208
13,948
At 31 March 2024
11,740
2,208
13,948
At 1 April 2023
3,577
1,043
4,620
Charge for the year
1,225
291
1,516
At 31 March 2024
4,802
1,334
6,136
At 31 March 2024
6,938
874
7,812
At 31 March 2023
8,163
1,165
9,328
Pillbox Capital 2 Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
195,792
16,282
Accrued income and prepayments
64,509
839,171
Amounts falling due after more than one year
Amounts due from group undertakings etc.
195,636
264,596
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
77,761
Taxes and social security
2,116
3,390
Other creditors
28,178
162,455
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).