Pr2 Holdings Limited Filleted accounts for Companies House (small and micro)

PR2 HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05124513

Pr2 Holdings Limited

Filleted Unaudited Financial Statements

31 May 2019

Pr2 Holdings Limited

Statement of Financial Position

31 May 2019

	2019	2018
Note	£	£

Fixed assets

Investments	4	2,000	2,000

Current assets

Debtors	5	300	–
Cash at bank and in hand		4,118	2,797
		-------	-------
		4,418	2,797

Creditors: amounts falling due within one year	6	1,200	700
		-------	-------
Net current assets		3,218	2,097
		-------	-------
Total assets less current liabilities		5,218	4,097
		-------	-------
Net assets		5,218	4,097
		-------	-------

Capital and reserves

Called up share capital	2,857	2,857
Profit and loss account	2,361	1,240
	-------	-------
Shareholders funds	5,218	4,097
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2019 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pr2 Holdings Limited

Statement of Financial Position (continued)

31 May 2019

These financial statements were approved by the board of directors and authorised for issue on 21 January 2020 , and are signed on behalf of the board by:

Mr M O McKenna

Director

Company registration number: 05124513

Pr2 Holdings Limited

Notes to the Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Pinnacle, 170 Midsummer Boulevard, Milton Keynes, MK9 1FE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Investments

	Other investments other than loans
	£
Cost
At 1 June 2018 and 31 May 2019	2,000
	-------
Impairment
At 1 June 2018 and 31 May 2019	–
	-------

Carrying amount
At 31 May 2019	2,000
	-------
At 31 May 2018	2,000
	-------

5. Debtors

	2019	2018
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	300	–
	----	----

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	200
Other creditors	1,200	500
	-------	----
	1,200	700
	-------	----