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REGISTERED NUMBER: 10137012 (England and Wales)












P92 Group UK Limited

Financial Statements

for the Year Ended 31 December 2024






P92 Group UK Limited (Registered number: 10137012)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


P92 Group UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Wilmot
G Turschl



REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW



REGISTERED NUMBER: 10137012 (England and Wales)



AUDITORS: Rayner Essex LLP
Tavistock House South
Tavistock Square
London
WC1H 9LG



ACCOUNTANTS: Clarkson Cleaver & Bowes Limited
8a Wingbury Courtyard Business Village
Wingrave
Bucks
HP22 4LW

P92 Group UK Limited (Registered number: 10137012)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,468 448

CURRENT ASSETS
Debtors 5 379,884 498,739
Cash at bank 184,943 102,155
564,827 600,894
CREDITORS
Amounts falling due within one
year

6

(554,255

)

(538,976

)
NET CURRENT ASSETS 10,572 61,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,040

62,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,940 62,266
SHAREHOLDERS' FUNDS 15,040 62,366

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:




A Wilmot - Director



G Turschl - Director


P92 Group UK Limited (Registered number: 10137012)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

P92 Group UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue recognition
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Revenue from monthly retainers and ongoing general support is recognised as the time cost is incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

P92 Group UK Limited (Registered number: 10137012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and amounts due to from fellow group companies are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

P92 Group UK Limited (Registered number: 10137012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 2,102 - 2,102
Additions - 5,583 5,583
At 31 December 2024 2,102 5,583 7,685
DEPRECIATION
At 1 January 2024 1,654 - 1,654
Charge for year 448 1,115 1,563
At 31 December 2024 2,102 1,115 3,217
NET BOOK VALUE
At 31 December 2024 - 4,468 4,468
At 31 December 2023 448 - 448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 378,650 445,564
Other debtors 1,234 53,175
379,884 498,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 486,808 477,183
Taxation and social security 58,799 60,645
Other creditors 8,648 1,148
554,255 538,976

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Comparative information in the financial statements is derived from the company's prior year financial statements which were not audited.

Lucy Ghawss (Senior Statutory Auditor)
for and on behalf of Rayner Essex LLP

P92 Group UK Limited (Registered number: 10137012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. ULTIMATE CONTROLLING PARENT

P92 Group UK Ltd is a subsidiary of Gloster-P92 Informatikai Kft. The parent company is registered at 1038 Budapest, Fürdo utca 2.