Peer2Peer Global Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Peer2Peer Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10907390 . The registered office is 4d Harpenden Road, St. Albans, AL3 5AB.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademarks and relevent costs associated with the applications. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

50% Straight Line

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Peer2Peer Global Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 December 2025

2.5. Financial Instruments

Financial assets and financial liabilities are recognized in the company’s balance sheet when the company becomes a party to the contractual provisions of the instrument.

1. Classification:

The company classifies its financial assets into the following categories: amortized cost, fair value through profit or loss (FVTPL), or fair value through other comprehensive income (FVOCI). The classification depends on the business model for managing the financial assets and the contractual cash flow characteristics of the asset.

Initial Recognition and Measurement:

Financial assets are initially measured at transaction price (including transaction costs), except for those classified as FVTPL, which are initially measured at fair value.

Subsequent Measurement:

Amortized Cost:

Assets held for the collection of contractual cash flows and where those cash flows represent solely payments of principal and interest are measured at amortized cost using the effective interest method, less any impairment.

Fair Value:

Assets held for trading or that do not meet the criteria for amortized cost are measured at fair value, with changes in fair value recognized in the income statement.

Impairment:

The company assesses on a forward-looking basis the expected credit losses (ECL) associated with its financial assets carried at amortized cost.

Derecognition:

Financial assets are derecognized only when the contractual rights to the cash flows from the asset expire, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

2. Financial Liabilities

Classification and Measurement:

Financial liabilities, including trade payables and borrowings, are initially measured at fair value, net of transaction costs. Subsequently, they are measured at amortized cost using the effective interest method.

Derecognition:

Financial liabilities are derecognized when, and only when, the company’s obligations are discharged, canceled, or they expire.

3. Offsetting

Financial assets and financial liabilities are offset and the net amount reported in the balance sheet if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.

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Peer2Peer Global Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

The average number of employees, including directors, during the year was 3 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	1,081
Additions	16,000

As at 31 December 2025	17,081

Amortisation
As at 1 September 2024	350
Provided during the period	4,091

As at 31 December 2025	4,441

Net Book Value
As at 31 December 2025	12,640

As at 1 September 2024	731

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Peer2Peer Global Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 December 2025

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 September 2024	3,129

As at 31 December 2025	3,129

Depreciation
As at 1 September 2024	2,968
Provided during the period	161

As at 31 December 2025	3,129

Net Book Value
As at 31 December 2025	-

As at 1 September 2024	161

6. Debtors

	31 December 2025	31 August 2024
	£	£
Due within one year
Trade debtors	5,526	7,123
Other debtors	4,718	5,697

	10,244	12,820

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 August 2024
	£	£
Trade creditors	1,878	939
Other creditors	43,025	30,562
Taxation and social security	7,264	-

	52,167	31,501

8. Share Capital

	31 December 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	100	100

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		31 December 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		12,640		731
Tangible Assets	5		-		161

			12,640		892
CURRENT ASSETS
Debtors	6	10,244		12,820
Cash at bank and in hand		32,765		24,439

		43,009		37,259
Creditors: Amounts Falling Due Within One Year	7	(52,167 )		(31,501 )

NET CURRENT ASSETS (LIABILITIES)			(9,158 )		5,758

TOTAL ASSETS LESS CURRENT LIABILITIES			3,482		6,650

NET ASSETS			3,482		6,650

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			3,382		6,550

SHAREHOLDERS' FUNDS			3,482		6,650

Mrs C S Bartlett Director	Mr J M Acton Director
20/08/2026