2023-01-012023-12-312023-12-31false11348271PRETIUM ADVISORY (UK) 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PRETIUM ADVISORY (UK) LIMITED

Registered Number
11348271
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PRETIUM ADVISORY (UK) LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

SAMI, Mehmet

Registered Address

50 Long Acre
London
WC2E 9JR

Registered Number

11348271 (England and Wales)
PRETIUM ADVISORY (UK) LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets37621,016
7621,016
Current assets
Cash at bank and on hand66,37856,561
66,37856,561
Creditors amounts falling due within one year4(42,361)(40,184)
Net current assets (liabilities)24,01716,377
Total assets less current liabilities24,77917,393
Provisions for liabilities5(145)(193)
Net assets24,63417,200
Capital and reserves
Called up share capital1,0001,000
Profit and loss account23,63416,200
Shareholders' funds24,63417,200
The financial statements were approved and authorised for issue by the Director on 15 February 2024, and are signed on its behalf by:
SAMI, Mehmet
Director
Registered Company No. 11348271
PRETIUM ADVISORY (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 238589931,851
At 31 December 238589931,851
Depreciation and impairment
At 01 January 23587248835
Charge for year68186254
At 31 December 236554341,089
Net book value
At 31 December 23203559762
At 31 December 222717451,016
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-21
Taxation and social security1,117-
Other creditors41,24440,163
Total42,36140,184
5.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)145193
Total145193