1 January 2023 false No description of principal activity Taxfiler 2024.5 14274269business:PrivateLimitedCompanyLtd2023-01-012023-12-31 142742692022-12-31 142742692023-01-012023-12-31 14274269business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 14274269business:FilletedAccounts2023-01-012023-12-31 142742692023-12-31 14274269business:Director12023-01-012023-12-31 14274269business:Director22023-01-012023-12-31 142742692022-12-31 14274269core:WithinOneYear2023-12-31 14274269core:WithinOneYear2022-12-31 14274269core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14274269core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 14274269core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 14274269core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 14274269core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14274269core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 14274269core:PreviouslyStatedAmount2023-12-31 14274269core:PreviouslyStatedAmount2022-12-31 14274269business:SmallEntities2023-01-012023-12-31 14274269countries:EnglandWales2023-01-012023-12-31 14274269core:Goodwill2022-12-31 14274269core:Goodwill2023-12-31 14274269core:AfterOneYear2023-12-31 14274269core:AfterOneYear2022-12-31 142742692022-08-032022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14274269 (England and Wales)
Proquo Ai Holdings Limited Unaudited accounts for the year ended 31 December 2023
Proquo Ai Holdings Limited Unaudited accounts Contents
Page
- 2 -
Proquo Ai Holdings Limited Company Information for the year ended 31 December 2023
Directors
Edward Barroll Brown Thomas Frederick Richard Morrell
Company Number
14274269 (England and Wales)
- 3 -
Proquo Ai Holdings Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
171,795 
171,795 
Investments
1 
1 
171,796 
171,796 
Current assets
Debtors
6,982,853 
7,894,941 
Cash at bank and in hand
760,835 
1,073,575 
7,743,688 
8,968,516 
Creditors: amounts falling due within one year
(2,003,550)
(17,896)
Net current assets
5,740,138 
8,950,620 
Total assets less current liabilities
5,911,934 
9,122,416 
Provisions for liabilities
Other provisions
(937,363)
(4,159,861)
Net assets
4,974,571 
4,962,555 
Capital and reserves
Called up share capital
1,404 
1,404 
Share premium
4,998,874 
4,998,874 
Profit and loss account
(25,707)
(37,723)
Shareholders' funds
4,974,571 
4,962,555 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by
Thomas Frederick Richard Morrell Director Company Registration No. 14274269
- 4 -
Proquo Ai Holdings Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Proquo Ai Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 14274269.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
171,795 
At 31 December 2023
171,795 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
171,795 
At 31 December 2022
171,795 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
1 
Valuation at 31 December 2023
1 
- 5 -
Proquo Ai Holdings Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,624 
43,512 
Amounts due from group undertakings etc.
480,000 
- 
Accrued income and prepayments
1,875 
2,333 
489,499 
45,845 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
6,493,354 
7,849,096 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,550 
17,896 
Other creditors
2,000,000 
- 
2,003,550 
17,896 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -