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Registered Number: 07730520
England and Wales

 

 

 

PREDICT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Predict Limited for the year ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Predict Limited for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Predict Limited, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Predict Limited and state those matters that we have agreed to state to the Board of Directors of Predict Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Predict Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Predict Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Predict Limited. You consider that Predict Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Predict Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 August 2023.













....................................................
Chawton Hector
2 Maules Gardens
Bristol
Avon
BS34 8AN

31 January 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 12,332    16,443 
Investments 4 217,434    124,773 
229,766    141,216 
Current assets      
Debtors 12,196    6,758 
Cash at bank and in hand 162,076    57,473 
174,272    64,231 
Creditors: amount falling due within one year (55,590)   (2,515)
Net current assets 118,682    61,716 
 
Total assets less current liabilities 348,448    202,932 
Net assets 348,448    202,932 
 

Capital and reserves
     
Called up share capital 5 3    3 
Revaluation reserve 6   (8,281)
Profit and loss account 348,445    211,210 
Shareholder's funds 348,448    202,932 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 January 2024 and were signed on its behalf by:


-------------------------------
Martyn Stephen Coombs
Director
2
General Information
Predict Limited is a private company, limited by shares, registered in England and Wales, registration number 07730520, registration address G85 Legacy Building, 1 Viaduct Gardens, London , SW11 7EQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 September 2022 4,033    47,645    51,678 
Additions    
Disposals    
At 31 August 2023 4,033    47,645    51,678 
Depreciation
At 01 September 2022 2,665    32,570    35,235 
Charge for year 342    3,769    4,111 
On disposals    
At 31 August 2023 3,007    36,339    39,346 
Net book values
Closing balance as at 31 August 2023 1,026    11,306    12,332 
Opening balance as at 01 September 2022 1,368    15,075    16,443 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 September 2022 124,773    124,773 
Additions 93,876    93,876 
Transfer to/from tangible fixed assets  
Disposals  
Revaluations (1,215)   (1,215)
At 31 August 2023 217,434    217,434 
Investments above represents listed shares and government bonds, which have been measured at fair value as of 31 August 2023. Changes in fair value are reflected in the income statement. 

5.

Share Capital

Authorised
3 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
3 Ordinary shares of £1.00 each  
 

3