0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-29 Sage Accounts Production Advanced 2024 - FRS102_2024 1,250 1,250 376 376 874 339,743 339,743 xbrli:pure xbrli:shares iso4217:GBP 14560979 2022-12-29 2024-06-30 14560979 2024-06-30 14560979 2022-12-28 14560979 bus:Director1 2022-12-29 2024-06-30 14560979 core:WithinOneYear 2024-06-30 14560979 core:AfterOneYear 2024-06-30 14560979 core:ShareCapital 2024-06-30 14560979 core:RetainedEarningsAccumulatedLosses 2024-06-30 14560979 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 14560979 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 14560979 bus:Director1 2024-06-30 14560979 bus:SmallEntities 2022-12-29 2024-06-30 14560979 bus:AuditExemptWithAccountantsReport 2022-12-29 2024-06-30 14560979 bus:SmallCompaniesRegimeForAccounts 2022-12-29 2024-06-30 14560979 bus:PrivateLimitedCompanyLtd 2022-12-29 2024-06-30 14560979 bus:FullAccounts 2022-12-29 2024-06-30 14560979 core:ComputerEquipment 2022-12-29 2024-06-30 14560979 core:ComputerEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 14560979
P2 Capital Limited
Filleted Unaudited Financial Statements
30 June 2024
P2 Capital Limited
Statement of Financial Position
30 June 2024
30 Jun 24
Note
£
Fixed assets
Tangible assets
4
874
Current assets
Cash at bank and in hand
84,640
Creditors: amounts falling due within one year
6
149,941
---------
Net current liabilities
65,301
--------
Total assets less current liabilities
( 64,427)
Creditors: amounts falling due after more than one year
7
7,175
--------
Net liabilities
( 71,602)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 71,702)
--------
Shareholders deficit
( 71,602)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
P2 Capital Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
Mr P Arora
Director
Company registration number: 14560979
P2 Capital Limited
Notes to the Financial Statements
Period from 29 December 2022 to 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
4. Tangible assets
Equipment
£
Cost
At 29 December 2022
Additions
1,250
-------
At 30 June 2024
1,250
-------
Depreciation
At 29 December 2022
Charge for the period
376
-------
At 30 June 2024
376
-------
Carrying amount
At 30 June 2024
874
-------
5. Investments
Shares in group undertakings
£
Cost
At 29 December 2022
Additions
339,743
Disposals
( 339,743)
---------
At 30 June 2024
---------
Impairment
At 29 December 2022 and 30 June 2024
---------
Carrying amount
At 30 June 2024
---------
6. Creditors: amounts falling due within one year
30 Jun 24
£
Other creditors
149,941
---------
7. Creditors: amounts falling due after more than one year
30 Jun 24
£
Other creditors
7,175
-------
8. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
30 Jun 24
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr P Arora
( 11,116)
( 11,116)
----
--------
--------
9. Related party transactions
The company was under the control of the directors. At the balance sheet date other creditors include an interest free loan of £146,000 from P2 Systems Limited in which Mr P Arora holds 50% shares. The loan was taken to finance the purchase of stocks and shares. This loan is unsecured, interest free and repayable on demand. It will definitely become repayable at the sale of stocks and shares.