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Registration number: 07501419

Perceptum Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Perceptum Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 13

 

Perceptum Limited

Company Information

Directors

R Blanco Cartaya

Y Garcia Ordaz

Registered office

13th Floor
33 Cavendish Square
London
W1G 0PW

Accountants

Keith Alfreds T/as AIMS
ACMA
The Counting House
6 St Marys Street
Wallingford
OX10 0EL

 

Perceptum Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the abridged financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

R Blanco Cartaya

Y Garcia Ordaz

Principal activity

The principal activity of the company is to produce, custody, manage and market natural resource data used to guide direct foreign investment decisions.

Going concern

Profitabilty contiues to improve

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
R Blanco Cartaya
Director

 

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Perceptum Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Perceptum Limited for the year ended 31 January 2024 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member of the Chartered Institue of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at
cimaglobal.com/members/members-handbook.

This report is made solely to the Board of Directors of Perceptum Limited, as a body, in accordance with the terms of our engagement letter dated 29 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Perceptum Limited and state those matters that we have agreed to state to the Board of Directors of Perceptum Limited, as a body, in this report in accordance with CIMA Accounts and Statements as detailed at:
cimaglobal.com/members/members-handbook/members-in-practice. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perceptum Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Perceptum Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Perceptum Limited. You consider that Perceptum Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Perceptum Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Keith Alfreds T/as AIMS
ACMA
The Counting House
6 St Marys Street
Wallingford
OX10 0EL

31 October 2024

 

Perceptum Limited

Abridged Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Gross profit

 

1,060,246

763,005

Administrative expenses

 

(694,178)

(536,302)

Interest payable and similar expenses

 

(60,481)

(7,503)

Profit before tax

4

305,587

219,200

Tax on profit

 

(69,967)

(43,478)

Profit for the financial year

 

235,620

175,722

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Perceptum Limited

Statement of Comprehensive Income for the Year Ended 31 January 2024

2024
£

2023
£

Profit for the year

235,620

175,722

Total comprehensive income for the year

235,620

175,722

 

Perceptum Limited

(Registration number: 07501419)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

28,738

35,132

Current assets

 

Debtors

6

290,924

89,851

Cash at bank and in hand

 

2,728,958

248,018

 

3,019,882

337,869

Prepayments and accrued income

 

67,781

6,235

Creditors: Amounts falling due within one year

(560,576)

(616,567)

Net current assets/(liabilities)

 

2,527,087

(272,463)

Total assets less current liabilities

 

2,555,825

(237,331)

Creditors: Amounts falling due after more than one year

(154,838)

(76,000)

Accruals and deferred income

 

(2,478,698)

-

Net liabilities

 

(77,711)

(313,331)

Capital and reserves

 

Called up share capital

7

134

134

Share premium reserve

19,983

19,983

Retained earnings

(97,828)

(333,448)

Shareholders' deficit

 

(77,711)

(313,331)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

 

Perceptum Limited

(Registration number: 07501419)
Abridged Balance Sheet as at 31 January 2024

.........................................
R Blanco Cartaya
Director

 

Perceptum Limited

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 February 2023

134

19,983

(333,448)

(313,331)

Profit for the year

-

-

235,620

235,620

At 31 January 2024

134

19,983

(97,828)

(77,711)

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 February 2022

134

19,983

(509,170)

(489,053)

Profit for the year

-

-

175,722

175,722

At 31 January 2023

134

19,983

(333,448)

(313,331)

 

Perceptum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
13th Floor
33 Cavendish Square
London
W1G 0PW
England

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Perceptum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Tangible assets

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.





 

Perceptum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

9,579

11,710

 

Perceptum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

102,053

102,053

Additions

3,185

3,185

At 31 January 2024

105,238

105,238

Depreciation

At 1 February 2023

66,921

66,921

Charge for the year

9,579

9,579

At 31 January 2024

76,500

76,500

Carrying amount

At 31 January 2024

28,738

28,738

At 31 January 2023

35,132

35,132

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

134

134

134

134

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each Ordinary Shares

-

-

 

 

9

Related party transactions

 

Perceptum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

72,000

72,000