1 September 2024 false Taxfiler 2024.6 14299202 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 14299202 2024-08-31 14299202 2024-09-01 2025-08-31 14299202 business:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 14299202 business:FilletedAccounts 2024-09-01 2025-08-31 14299202 2025-08-31 14299202 business:Director1 2024-09-01 2025-08-31 14299202 business:RegisteredOffice 2024-09-01 2025-08-31 14299202 2024-08-31 14299202 core:WithinOneYear 2025-08-31 14299202 core:WithinOneYear 2024-08-31 14299202 core:AfterOneYear 2025-08-31 14299202 core:AfterOneYear 2024-08-31 14299202 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 14299202 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 14299202 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 14299202 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 14299202 core:PreviouslyStatedAmount 2025-08-31 14299202 core:PreviouslyStatedAmount 2024-08-31 14299202 business:SmallEntities 2024-09-01 2025-08-31 14299202 countries:EnglandWales 2024-09-01 2025-08-31 14299202 core:LandBuildings 2024-08-31 14299202 core:LandBuildings 2024-09-01 2025-08-31 14299202 core:LandBuildings 2025-08-31 14299202 core:AcceleratedTaxDepreciationDeferredTax 2025-08-31 14299202 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 14299202 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14299202 (England and Wales)
Mister P Ltd Unaudited accounts for the year ended 31 August 2025
Mister P Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mister P Ltd Company Information for the year ended 31 August 2025
Director
Andrew Perriam
Company Number
14299202 (England and Wales)
Registered Office
Three Gables Shortlands Lane Cullompton EX15 1HE ENGLAND
Accountants
NJD Easy Accountancy
- 3 -
Mister P Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
205,800
Investment property
5
225,000
-
225,000
205,800
Current assets
Debtors
6
1,992
265
Cash at bank and in hand
14,683
17,564
16,675
17,829
Creditors: amounts falling due within one year
7
(620)
272
Net current assets
16,055
18,101
Total assets less current liabilities
241,055
223,901
Creditors: amounts falling due after more than one year
8
(262,681)
(256,162)
Provisions for liabilities
Deferred tax
9
(2,850)
-
Net liabilities
(24,476)
(32,261)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(24,477)
(32,262)
Shareholders' funds
(24,476)
(32,261)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 May 2026 and were signed on its behalf by
Andrew Perriam Director Company Registration No. 14299202
- 4 -
Mister P Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Mister P Ltd is a private company, limited by shares, registered in England and Wales, registration number 14299202. The registered office is Three Gables, Shortlands Lane, Cullompton, EX15 1HE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Mister P Ltd Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 September 2024
210,000
Transfer to investment property
(210,000)
At 31 August 2025
-
Depreciation
At 1 September 2024
4,200
Charge for the year
(4,200)
At 31 August 2025
-
Net book value
At 31 August 2025
-
At 31 August 2024
205,800
5
Investment property
2025
£
Net gain from fair value adjustments
15,000
Transfers from tangible fixed assets
210,000
At 31 August 2025
225,000
These financial statements for the year ended 31 August 2025 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at fair value under FRS 102 1a and fair value gains of £15,000 are reported in profit or loss. FRS 102 1a also requires deferred tax to be accounted for on assets that are subject to revaluation. Consequently, deferred tax provision of £2,850 was recognised at 31 August 2025.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,727
-
Other debtors
265
265
1,992
265
7
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals
620
(272)
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
151,999
146,250
Other creditors
265
265
Loans from directors
110,417
109,647
262,681
256,162
- 6 -
Mister P Ltd Notes to the Accounts for the year ended 31 August 2025
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
2,850
-
2025
2024
£
£
Charged to the profit and loss account
2,850
-
Provision at end of year
2,850
-
10
Loans to directors
As on year-end date, the company owed to the director £110,416. The Borrower (Mister P Ltd) shall repay the interest free Loan to the lender (Andrew Perriam) in full by the year-end August 2036.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -