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
Mister P Ltd
Company Information
for the year ended 31 August 2025
Company Number
14299202 (England and Wales)
Registered Office
Three Gables
Shortlands Lane
Cullompton
EX15 1HE
ENGLAND
Accountants
NJD Easy Accountancy
Mister P Ltd
Statement of financial position
as at 31 August 2025
Investment property
225,000
-
Cash at bank and in hand
14,683
17,564
Creditors: amounts falling due within one year
(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
(262,681)
(256,162)
Provisions for liabilities
Net liabilities
(24,476)
(32,261)
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
Mister P Ltd
Notes to the Accounts
for the year ended 31 August 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Mister P Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
At 1 September 2024
210,000
Transfer to investment property
(210,000)
Charge for the year
(4,200)
Net gain from fair value adjustments
15,000
Transfers from tangible fixed assets
210,000
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.
Amounts falling due within one year
Accrued income and prepayments
1,727
-
7
Creditors: amounts falling due within one year
2025
2024
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
151,999
146,250
Loans from directors
110,417
109,647
Mister P Ltd
Notes to the Accounts
for the year ended 31 August 2025
9
Deferred taxation
2025
2024
Accelerated capital allowances
2,850
-
Charged to the profit and loss account
2,850
-
Provision at end of year
2,850
-
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).