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REGISTERED NUMBER: 11098791 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PREDATAR LIMITED

PREDATAR LIMITED (REGISTERED NUMBER: 11098791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PREDATAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A Mackenzie
G L Titchener



SECRETARY: A Mackenzie



REGISTERED OFFICE: Bloxham Mill
Barford Road
Bloxham
Banbury
Oxfordshire
OX15 4FF



REGISTERED NUMBER: 11098791 (England and Wales)



SENIOR STATUTORY AUDITOR: Hugh Maxwell



AUDITORS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

PREDATAR LIMITED (REGISTERED NUMBER: 11098791)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7 7

CURRENT ASSETS
Debtors 325,128 334,281
Cash at bank 132,371 58,810
457,499 393,091
CREDITORS
Amounts falling due within one year 1,194,419 1,233,871
NET CURRENT LIABILITIES (736,920 ) (840,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(736,913

)

(840,773

)

RESERVES
Retained earnings (736,913 ) (840,773 )
SHAREHOLDERS' FUNDS (736,913 ) (840,773 )

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





G L Titchener - Director


PREDATAR LIMITED (REGISTERED NUMBER: 11098791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Predatar 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.

Preparation of consolidated financial statements
The financial statements contain information about Predatar Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Silverstring Holdings Limited, Bloxham Mill, Barford Road, Bloxham. OX15 4FF.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding, discounts, rebates and value added tax.

Turnover includes the rendering of services, incorporating software and support which are recognised over the period of the contract.

Sales of software licences and hardware are recognised at the time of delivery.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

PREDATAR LIMITED (REGISTERED NUMBER: 11098791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 7
NET BOOK VALUE
At 31 March 2023 7
At 31 March 2022 7

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary Shares £0.0001 - -

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hugh Maxwell (Senior Statutory Auditor)
for and on behalf of Maxwell & Co

7. RELATED PARTY DISCLOSURES

The controlling party is Silverstring Holdings Limited.

PREDATAR LIMITED (REGISTERED NUMBER: 11098791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. POST BALANCE SHEET EVENTS

The impact of the Coronavirus epidemic continues, in the opinion of the Directors', to compromise the growth of the business in FY23/24. It is unclear to what extent this will occur, but the directors are confident that the company remains a going concern for the foreseeable future and has the support of the group. As such, the financial statements have been prepared on a going concern basis.