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REGISTERED NUMBER: 07927459 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2022

for

Praetor Legal Limited

Praetor Legal Limited (Registered number: 07927459)






Contents of the Financial Statements
for the year ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Praetor Legal Limited

Company Information
for the year ended 31 January 2022







DIRECTORS: Lady M F Andrews
Mr J P Betteley





REGISTERED OFFICE: International House
24 Holborn Viaduct
City Of London
London
EC1A 2BN





REGISTERED NUMBER: 07927459 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Praetor Legal Limited (Registered number: 07927459)

Balance Sheet
31 January 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 1,666 2,221

CURRENT ASSETS
Debtors 5 166,951 133,750
Cash at bank 169,135 129,839
336,086 263,589
CREDITORS
Amounts falling due within one year 6 (29,319 ) (66,332 )
NET CURRENT ASSETS 306,767 197,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,433

199,478

PROVISIONS FOR LIABILITIES (317 ) (422 )
NET ASSETS 308,116 199,056

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 308,114 199,054
SHAREHOLDERS' FUNDS 308,116 199,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2022 and were signed on its behalf by:





Lady M F Andrews - Director


Praetor Legal Limited (Registered number: 07927459)

Notes to the Financial Statements
for the year ended 31 January 2022

1. STATUTORY INFORMATION

Praetor Legal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net sales of services provided in the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Deferred tax
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Praetor Legal Limited (Registered number: 07927459)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2021
and 31 January 2022 6,469
DEPRECIATION
At 1 February 2021 4,248
Charge for year 555
At 31 January 2022 4,803
NET BOOK VALUE
At 31 January 2022 1,666
At 31 January 2021 2,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors - 131,820
Other debtors 166,951 1,930
166,951 133,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors - 216
Taxation and social security 25,687 60,683
Other creditors 3,632 5,433
29,319 66,332

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2022 and 31 January 2021:

2022 2021
£ £
Mr J P Betteley
Balance outstanding at start of year (3,075 ) 1,140
Amounts advanced 170,000 -
Amounts repaid (1,270 ) (4,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 165,655 (3,075 )

Lady M F Andrews
Balance outstanding at start of year (746 ) 3,006
Amounts advanced - 584
Amounts repaid (1,397 ) (4,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,143 ) (746 )

Praetor Legal Limited (Registered number: 07927459)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

8. RELATED PARTY DISCLOSURES

Included within other creditors is £2,144 (2021 £747) owed from the company to Lady M Andrews , a director of the company. No interest has been paid on this balance.

Included within other debtors is £165,655 (2021 creditor £3,075) owed to the company by Mr J Betteley, a director of the company. No interest has been paid on this balance.

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors, Lady M Andrews and Mr J Betteley, by virtue of them each holding 50% of the issued share capital.