Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01No description of principal activityfalse22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13434477 2022-07-01 2023-06-30 13434477 2021-06-02 2022-06-30 13434477 2023-06-30 13434477 2022-06-30 13434477 c:Director1 2022-07-01 2023-06-30 13434477 d:FurnitureFittings 2022-07-01 2023-06-30 13434477 d:FurnitureFittings 2023-06-30 13434477 d:FurnitureFittings 2022-06-30 13434477 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13434477 d:ComputerEquipment 2022-07-01 2023-06-30 13434477 d:ComputerEquipment 2023-06-30 13434477 d:ComputerEquipment 2022-06-30 13434477 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13434477 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13434477 d:CurrentFinancialInstruments 2023-06-30 13434477 d:CurrentFinancialInstruments 2022-06-30 13434477 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13434477 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13434477 d:ShareCapital 2023-06-30 13434477 d:ShareCapital 2022-06-30 13434477 d:RetainedEarningsAccumulatedLosses 2023-06-30 13434477 d:RetainedEarningsAccumulatedLosses 2022-06-30 13434477 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 13434477 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 13434477 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13434477 c:OrdinaryShareClass1 2023-06-30 13434477 c:OrdinaryShareClass1 2022-06-30 13434477 c:OrdinaryShareClass2 2022-07-01 2023-06-30 13434477 c:OrdinaryShareClass2 2023-06-30 13434477 c:OrdinaryShareClass2 2022-06-30 13434477 c:OrdinaryShareClass3 2022-07-01 2023-06-30 13434477 c:OrdinaryShareClass3 2023-06-30 13434477 c:OrdinaryShareClass3 2022-06-30 13434477 c:FRS102 2022-07-01 2023-06-30 13434477 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13434477 c:FullAccounts 2022-07-01 2023-06-30 13434477 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13434477 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13434477









PRAETORIAN GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
PRAETORIAN GROUP LIMITED
REGISTERED NUMBER: 13434477

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,541
2,191

  
1,541
2,191

Current assets
  

Debtors: amounts falling due within one year
 5 
13,987
16,295

Cash at bank and in hand
 6 
18,019
43,083

  
32,006
59,378

Creditors: amounts falling due within one year
 7 
(32,292)
(34,744)

Net current (liabilities)/assets
  
 
 
(286)
 
 
24,634

Total assets less current liabilities
  
1,255
26,825

  

Net assets
  
1,255
26,825


Capital and reserves
  

Called up share capital 
 9 
210
210

Profit and loss account
  
1,045
26,615

  
1,255
26,825


Page 1

 
PRAETORIAN GROUP LIMITED
REGISTERED NUMBER: 13434477
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2023.




................................................
David Rawlins
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PRAETORIAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Praetorian Group Limited is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company was that of consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
PRAETORIAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
PRAETORIAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
700
2,435
3,135



At 30 June 2023

700
2,435
3,135



Depreciation


At 1 July 2022
140
804
944


Charge for the year on owned assets
112
538
650



At 30 June 2023

252
1,342
1,594



Net book value



At 30 June 2023
448
1,093
1,541



At 30 June 2022
560
1,631
2,191

Page 5

 
PRAETORIAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
4,680
14,232

Amounts owed by connected companies
-
1,463

Other debtors
8,832
-

Prepayments and accrued income
475
600

13,987
16,295



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,019
43,083

18,019
43,083



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
220
1,842

Corporation tax
21,200
18,203

Other taxation and social security
7,442
10,310

Other creditors
3,194
3,194

Accruals and deferred income
236
1,195

32,292
34,744



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
18,019
43,083




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 6

 
PRAETORIAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
100 (2022 - 100) Ordinary B shares of £1.00 each
100
100
10 (2022 - 10) Ordinary C shares of £1.00 each
10
10

210

210



10.


Related party transactions

During the year, the Company paid costs of £2,075 (2022 - £1,463) on behalf of Praetorian Associates LLP, a partnership in which David and Geraldine Rawlins are the partners. At the end of the year £3,538 (2022 - £1,463) was owed to the Company.


11.


Controlling party

The Company is controlled by the director and his wife, David and Geraldine Rawlins, by virtue of their shareholding as described in the directors' report.

 
Page 7