Progression Capital Ltd 12888278 true 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of a dormant company Digita Accounts Production Advanced 6.30.9574.0 true Mr Murtaza Haider Khan Mr Syed Asad Ahmed Jafri 12888278 2023-10-01 2024-09-30 12888278 2024-09-30 12888278 core:ShareCapital 2024-09-30 12888278 core:CurrentFinancialInstruments 2024-09-30 12888278 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12888278 bus:FRS102 2023-10-01 2024-09-30 12888278 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12888278 bus:FullAccounts 2023-10-01 2024-09-30 12888278 bus:RegisteredOffice 2023-10-01 2024-09-30 12888278 bus:Director1 2023-10-01 2024-09-30 12888278 bus:Director2 2023-10-01 2024-09-30 12888278 bus:EntityHasNeverTraded 2023-10-01 2024-09-30 12888278 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12888278 countries:EnglandWales 2023-10-01 2024-09-30 12888278 2023-09-30 12888278 core:ShareCapital 2023-09-30 12888278 core:CurrentFinancialInstruments 2023-09-30 12888278 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP

Registration number: 12888278

Progression Capital Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Progression Capital Ltd

Profit and Loss Account for the Year Ended 30 September 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Progression Capital Ltd

(Registration number: 12888278)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
Mr Murtaza Haider Khan
Director

 

Progression Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

 

Progression Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Current

2024
£

2023
£

Other debtors

1

1

 

1

1