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REGISTERED NUMBER: 11132594 (England and Wales)















Praetura Energy Trading Limited

Audited Financial Statements

for the Year Ended 31 January 2023






Praetura Energy Trading Limited (Registered number: 11132594)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Praetura Energy Trading Limited

Company Information
for the year ended 31 January 2023







Director: D N Valecha





Registered office: Regent House
Kendal Avenue
Acton
London
W3 0XA





Registered number: 11132594 (England and Wales)





Auditors: Haines Watts
Chartered Accountants and Statutory Auditor
178 Buckingham Avenue
Slough
Berkshire
SL1 4RD

Praetura Energy Trading Limited (Registered number: 11132594)

Balance Sheet
31 January 2023

2023 2022
Notes £ £
Current assets
Debtors 4 2,215 535
Cash in hand - 2,215
2,215 2,750
Creditors
Amounts falling due within one year 5 106,150 106,150
Net current liabilities (103,935 ) (103,400 )
Total assets less current liabilities (103,935 ) (103,400 )

Capital and reserves
Called up share capital 6 50,000 50,000
Retained earnings 7 (153,935 ) (153,400 )
Shareholders' funds (103,935 ) (103,400 )

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 director and authorised for issue on 25 October 2023 and were signed by:





D N Valecha - Director


Praetura Energy Trading Limited (Registered number: 11132594)

Notes to the Financial Statements
for the year ended 31 January 2023


1. Statutory information

Praetura Energy Trading 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.

Basis other than going concern
As the company is planning to be liquidated post year end, balances within the financial statements have been written down to recoverable amounts.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

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

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Praetura Energy Trading Limited (Registered number: 11132594)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 2,215 -
VAT - 535
2,215 535

5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 6,150 6,150
Other creditors 100,000 100,000
106,150 106,150

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
50,000 Ordinary £1 50,000 50,000

7. Reserves
Retained
earnings
£

At 1 February 2022 (153,400 )
Deficit for the year (535 )
At 31 January 2023 (153,935 )

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jane Wills (Senior Statutory Auditor)
for and on behalf of Haines Watts

Praetura Energy Trading Limited (Registered number: 11132594)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


9. Related party disclosures

At the year end £100,000 (2022: £100,000) was owed to shareholders and included in other creditors.

10. Ultimate controlling party

The ultimate controlling party is Regent Gas Holdings Limited.

The ultimate controlling party is the Valecha Family.

Regent Gas Holdings Limited prepares group financial statements and copies can be obtained from:

Regent House
Kendal Avenue
Acton
London
W3 0XA