Company registration number: 04205907
Unaudited financial statements
for the year ended 31 December 2024
for
Professional Pensions And Investments Limited
Pages for filing with the Registrar
Company registration number: 04205907
Professional Pensions And Investments Limited
Balance sheet
as at 31 December 2024
2024 2023
£ £ £ £
Current assets
Debtors 36,368 25,696
Cash at bank and in hand 193,492 173,797
229,860 199,493
Creditors: amounts falling due within one
year
(123,879) (56,187)
Net current assets 105,981 143,306
NET ASSETS 105,981 143,306
Capital and reserves
Called up share capital 120 120
Share premium account 15,098 15,098
Other reserves 55 55
Profit and loss account 90,708 128,033
TOTAL EQUITY 105,981 143,306
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04205907
Professional Pensions And Investments Limited
Balance sheet - continued
as at 31 December 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Collins, Director
6 February 2025
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Professional Pensions And Investments Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Professional Pensions And Investments Limited is a private company registered in England and Wales. Its registered number is 04205907. The company is limited by shares. Its registered office is One Oakridge Park, Southampton Road, Salisbury, Wiltshire, SP5 3HT.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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