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Registered Number: 06172620
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

PROTEUS ASSETS LIMITED

The director considers that the company is exempt from an audit for the year ended 31 March 2024 . He has acknowledged, on the balance sheet, his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with the director's instructions, I have prepared the accounts which comprise the Profit and loss account,  the statement of financial posotion and the related notes from the accounting records of the company and on the basis of information and explanations given to me.
I have not carried out an audit or any other review, and consequently I do not express any opinion on these accounts. 


J A Cini
Woking
GU23 6JH
08 April 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 14,548    14,239 
14,548    14,239 
Current assets      
Debtors 28,014    9,217 
Cash at bank and in hand 31,132    26,593 
59,146    35,810 
Creditors: amount falling due within one year (53,360)   (13,009)
Net current assets 5,786    22,801 
 
Total assets less current liabilities 20,334    37,040 
Provisions for liabilities   (265)
Net assets 20,334    36,775 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 20,234    36,675 
Shareholder's funds 20,334    36,775 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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. In accordance with Section 444 of the Companies Act 2006 the profit and loss account 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 director on 08 April 2024 and were signed by:


-------------------------------
D Scarborough
Director
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General Information
Proteus Assets Limited is a private company, limited by shares, registered in England and Wales, registration number 06172620, registration address 4 Uppark Gardens, Horsham, West Sussex, RH12 5JN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 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.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention in accordance with the accounting policies.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
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:
Land and Buildings 5% Straight Line
Fixtures and Fittings 15% Straight Line
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 23,891    3,713    6,721    34,325 
Additions   1,588    508    2,096 
Disposals      
At 31 March 2024 23,891    5,301    7,229    36,421 
Depreciation
At 01 April 2023 10,353    3,239    6,494    20,086 
Charge for year 1,195    309    283    1,787 
On disposals      
At 31 March 2024 11,548    3,548    6,777    21,873 
Net book values
Closing balance as at 31 March 2024 12,343    1,753    452    14,548 
Opening balance as at 01 April 2023 13,538    474    227    14,239 


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