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REGISTERED NUMBER: 11947161 (England and Wales)















Presidio Advisors Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Presidio Advisors Limited (Registered number: 11947161)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Presidio Advisors Limited

Company Information
for the year ended 31 August 2023







Director: P F Casparis





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 11947161 (England and Wales)

Presidio Advisors Limited (Registered number: 11947161)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,736 7,473
Investments 6 1,989 -
5,725 7,473

Current assets
Debtors 7 106,671 51,698
Cash at bank 1,109 26,298
107,780 77,996
Creditors
Amounts falling due within one year 8 119,559 84,279
Net current liabilities (11,779 ) (6,283 )
Total assets less current liabilities (6,054 ) 1,190

Capital and reserves
Called up share capital 100 100
Retained earnings (6,154 ) 1,090
(6,054 ) 1,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2024 and were signed by:





P F Casparis - Director


Presidio Advisors Limited (Registered number: 11947161)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Presidio Advisors 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.

Going Concern
These financial statements have been prepared on a going concern basis.

Based on this assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

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

Presidio Advisors Limited (Registered number: 11947161)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 September 2022
and 31 August 2023 837
Amortisation
At 1 September 2022
and 31 August 2023 837
Net book value
At 31 August 2023 -
At 31 August 2022 -

Presidio Advisors Limited (Registered number: 11947161)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 September 2022
and 31 August 2023 14,947
Depreciation
At 1 September 2022 7,474
Charge for year 3,737
At 31 August 2023 11,211
Net book value
At 31 August 2023 3,736
At 31 August 2022 7,473

6. Fixed asset investments
Other
investments
£
Cost
Additions 1,989
At 31 August 2023 1,989
Net book value
At 31 August 2023 1,989

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 16,555
Other debtors 106,671 35,143
106,671 51,698

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 7,681
Taxation and social security 73,324 50,503
Other creditors 46,235 26,095
119,559 84,279