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Company Registration No. 05085771 (England and Wales)
P27 Limited Unaudited accounts for the year ended 31 March 2024
P27 Limited Unaudited accounts Contents
Page
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P27 Limited Company Information for the year ended 31 March 2024
Directors
Mauro Tortone Thi Thom Thao Le
Company Number
05085771 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET LONDON WC1N 3AX ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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P27 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,276 
347 
Current assets
Cash at bank and in hand
5,926 
9,537 
Creditors: amounts falling due within one year
(5,371)
(9,038)
Net current assets
555 
499 
Net assets
1,831 
846 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,830 
845 
Shareholders' funds
1,831 
846 
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 28 November 2024 and were signed on its behalf by
Mauro Tortone Director Company Registration No. 05085771
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P27 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
P27 Limited is a private company, limited by shares, registered in England and Wales, registration number 05085771. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,780 
Additions
1,248 
At 31 March 2024
3,028 
Depreciation
At 1 April 2023
1,433 
Charge for the year
319 
At 31 March 2024
1,752 
Net book value
At 31 March 2024
1,276 
At 31 March 2023
347 
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P27 Limited Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(3,234)
(7,205)
Other creditors
1,850 
10,000 
Loans from directors
6,306 
5,744 
Accruals
449 
499 
5,371 
9,038 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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