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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
Page
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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
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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
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Pillbox Capital 2 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,812 
9,328 
Current assets
Debtors
455,937 
1,129,564 
Cash at bank and in hand
47,092 
10,730 
503,029 
1,140,294 
Creditors: amounts falling due within one year
(32,244)
(277,584)
Net current assets
470,785 
862,710 
Net assets
478,597 
872,038 
Capital and reserves
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
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Pillbox Capital 2 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
6,938 
874 
7,812 
At 31 March 2023
8,163 
1,165 
9,328 
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Pillbox Capital 2 Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
9,515 
Trade debtors
195,792 
16,282 
Accrued income and prepayments
64,509 
839,171 
260,301 
864,968 
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 
£ 
£ 
Trade creditors
- 
17,135 
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 
Accruals
1,950 
16,843 
32,244 
277,584 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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