Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-051falsefalse1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-06No description of principal activityfalse 11378714 2023-04-06 2024-04-05 11378714 2022-04-06 2023-04-05 11378714 2024-04-05 11378714 2023-04-05 11378714 c:Director1 2023-04-06 2024-04-05 11378714 d:CurrentFinancialInstruments 2024-04-05 11378714 d:CurrentFinancialInstruments 2023-04-05 11378714 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 11378714 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 11378714 d:ShareCapital 2024-04-05 11378714 d:ShareCapital 2023-04-05 11378714 d:RetainedEarningsAccumulatedLosses 2024-04-05 11378714 d:RetainedEarningsAccumulatedLosses 2023-04-05 11378714 c:OrdinaryShareClass1 2023-04-06 2024-04-05 11378714 c:OrdinaryShareClass1 2024-04-05 11378714 c:FRS102 2023-04-06 2024-04-05 11378714 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 11378714 c:FullAccounts 2023-04-06 2024-04-05 11378714 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 11378714 2 2023-04-06 2024-04-05 11378714 6 2023-04-06 2024-04-05 11378714 e:PoundSterling 2023-04-06 2024-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11378714









PRAYSSAC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2024

 
PRAYSSAC LIMITED
REGISTERED NUMBER: 11378714

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
33
33

Current assets
  

Debtors: amounts falling due within one year
 5 
-
20,000

Current asset investments
 6 
480,015
186,993

Cash at bank and in hand
 7 
159,013
273,611

  
639,028
480,604

Creditors: amounts falling due within one year
 8 
(2,200)
(1,800)

Net current assets
  
 
 
636,828
 
 
478,804

  

Net assets
  
636,861
478,837


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
636,860
478,836

  
636,861
478,837


Page 1

 
PRAYSSAC LIMITED
REGISTERED NUMBER: 11378714
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 January 2025.




N J Beedle
Director


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PRAYSSAC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Prayssac Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Vicarage House, 58-60 Kensington Church Street, London, United Kingdom, W8 4DB.
The company is an investment company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each statement of financial position date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the year.

 
2.4

Associates

Associates are held at cost less impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
PRAYSSAC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in participating interest

£



Cost and net book value


At 6 April 2023
33



At 5 April 2024
33




Page 4

 
PRAYSSAC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
20,000

-
20,000



6.


Current asset investments

2024
2023
£
£

Listed investments
480,015
186,993

480,015
186,993



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
159,013
273,611

159,013
273,611



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
2,200
1,800

2,200
1,800


Page 5

 
PRAYSSAC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



10.


Transactions with the director

Included within other debtors is an amount of £Nil (2023 - £20,000) due from the director. The loan is interest free and repayable on demand.


11.


Controlling party

The ultimate controlling party is N J Beedle, the director, by virtue of his shareholding in the company.

 
Page 6