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P Partners Investments Limited
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For the year ended 31 December 2024
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Registered number: 07456261
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P Partners Investments Limited - Registered number: 07456261
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Statement of financial position
As at 31 December 2024
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Page 1
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P Partners Investments Limited - Registered number: 07456261
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Statement of financial position (continued)
As at 31 December 2024
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Page 2
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P Partners Investments Limited
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Statement of changes in equity
For the year ended 31 December 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Dividends: Equity capital
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Dividends: Equity capital
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Total transactions with owners
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Page 3
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P Partners Investments Limited
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Notes to the financial statements
For the year ended 31 December 2024
P Partners Investments Limited is a private company limited by shares and is registered in England and Wales, registration number 07456261. The registered office is 7th Floor 50 Broadway, London, United Kingdom, SW1H 0BL. The principal place of business is 7th Floor 50 Broadway, London, United Kingdom, SW1H 0BL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
The following principal accounting policies have been applied:
The directors have assessed the Company's ability to adopt the going concern basis of accounting and consider this an appropriate basis upon which to prepare the financial statements, having considered a period of at least 12 months from the date of signing the accounts.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 4
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P Partners Investments Limited
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Notes to the financial statements
For the year ended 31 December 2024
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Turnover consists of income from investments.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Page 5
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P Partners Investments Limited
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Notes to the financial statements
For the year ended 31 December 2024
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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Page 6
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P Partners Investments Limited
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Notes to the financial statements
For the year ended 31 December 2024
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Prepayments and accrued income
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Current asset investments
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Unlisted investments have been measured at fair value through profit and loss, wihch is determined using valuation techniques that utilise observable inputs.
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Other current asset investments
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Gains on remeasurement to fair value
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Page 7
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P Partners Investments Limited
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Notes to the financial statements
For the year ended 31 December 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Financial assets measured at fair value through profit or loss
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Financial assets that are debt instruments measured at amortised cost
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Financial liabilities measured at amortised cost
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Allotted, called up and fully paid
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579,663 (2023 - 579,663) Ordinary shares of £1.00 each
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Related party transactions
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As at 31 December 2024, £ 6,580 (2023 - £ 6,580) was due to the Company from PP Holdings Sarl which is included within Other Debtors. PP Holdings Sarl is considered to be a related party by virtue of being the immediate parent entity of the Company.
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Page 8
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