P1 Holdings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 05872388

		2025		2024
	Notes	$	$	$	$
CURRENT ASSETS
Debtors	4	40,019,909		40,019,909

		40,019,909		40,019,909
NET CURRENT ASSETS (LIABILITIES)			40,019,909		40,019,909

TOTAL ASSETS LESS CURRENT LIABILITIES			40,019,909		40,019,909

NET ASSETS			40,019,909		40,019,909

CAPITAL AND RESERVES
Called up share capital	6		19,909		19,909
Share premium account			40,000,000		40,000,000

SHAREHOLDERS' FUNDS			40,019,909		40,019,909

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Rangoonwala

Director

21/05/2026

The notes on page 2 form part of these financial statements.

1. General Information

P1 Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05872388 . The registered office is Queen Anne Mansion S, 86/87 Wimpole Street, London, W1G 9RL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors will continue to adopt the going concern basis in preparing the financial statements which assumes

that the company will continue in operation for the foreseeable future.

2.3. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Debtors

	2025	2024
	$	$
Due within one year
Amounts owed by participating interests	40,000,000	40,000,000
Other debtors	19,909	19,909

	40,019,909	40,019,909

5. Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

6. Share Capital

	2025	2024
	$	$
Allotted, Called up and fully paid	19,909	19,909