Company No: 01062035 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Debtors
- due within one year	4	613,116		233,259
- due after more than one year	4	2,785,980		3,129,458
Cash at bank and in hand		3,591,984		3,378,124
		6,991,080		6,740,841
Creditors: amounts falling due within one year	5	( 89,356)		( 85,995)
Net current assets		6,901,724		6,654,846
Total assets less current liabilities		6,901,724		6,654,846
Net assets		6,901,724		6,654,846
Capital and reserves
Called-up share capital	6	11,000		11,000
Share premium account		336,148		336,148
Capital redemption reserve		600,000		600,000
Profit and loss account		5,954,576		5,707,698
Total shareholders' funds		6,901,724		6,654,846

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of People 2000 Limited (registered number: 01062035) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

A V Browning Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

People 2000 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 34 Sea Road, Carlyon Bay, St. Austell, PL25 3SF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises interest receivable on the company's loan book.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and that turnover can be reliably measured.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 6 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	715		715
At 31 December 2024	715		715
Accumulated depreciation
At 01 January 2024	715		715
At 31 December 2024	715		715
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	32,915		28,514
Other debtors	580,201		204,745
	613,116		233,259
Debtors: amounts falling due after more than one year
Other debtors	2,785,980		3,129,458

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Taxation and social security	82,996		81,111
Other creditors	6,360		4,884
	89,356		85,995

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
11,000 Ordinary shares of £ 1.00 each	11,000		11,000