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REGISTERED NUMBER: 09596619 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Praesidio Management Ltd

Praesidio Management Ltd (Registered number: 09596619)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Praesidio Management Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: B T Green
Ms M Aaron-Pereira





REGISTERED OFFICE: Charter House
Wyvern Court, Stanier Way
Wyvern Business Park
Derby
DE21 6BF





REGISTERED NUMBER: 09596619 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Praesidio Management Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Praesidio Management Ltd for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Praesidio Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Praesidio Management Ltd and state those matters that we have agreed to state to the Board of Directors of Praesidio Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Praesidio Management Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Praesidio Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Praesidio Management Ltd. You consider that Praesidio Management Ltd 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 financial statements of Praesidio Management Ltd. 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 financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


30 January 2025

Praesidio Management Ltd (Registered number: 09596619)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,000 737,500

CURRENT ASSETS
Debtors 5 345,865 259,852
Cash at bank 1,533 4,574
347,398 264,426
CREDITORS
Amounts falling due within one year 6 406,075 485,008
NET CURRENT LIABILITIES (58,677 ) (220,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES 166,323 516,918

CREDITORS
Amounts falling due after more than one year 7 (136,958 ) (431,088 )

PROVISIONS FOR LIABILITIES (4,086 ) -

ACCRUALS AND DEFERRED INCOME (2,436 ) (1,080 )
NET ASSETS 22,843 84,750

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 36,813 -
Retained earnings (13,972 ) 84,748
22,843 84,750

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





B T Green - Director


Praesidio Management Ltd (Registered number: 09596619)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Praesidio Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 737,500
Disposals (512,500 )
At 31 October 2023 225,000
NET BOOK VALUE
At 31 October 2023 225,000
At 31 October 2022 737,500

Praesidio Management Ltd (Registered number: 09596619)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 40,899
Cost 184,101
225,000

If the investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 225,000 770,585
Aggregate depreciation (24,600 ) (24,600 )

Investment property were valued on an open market basis on 31 October 2023 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 607 -
Amounts owed by group undertakings 345,258 259,852
345,865 259,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 68,009
Trade creditors - 2,840
Amounts owed to group undertakings 324,663 340,523
Taxation and social security 26,412 35,869
Other creditors 55,000 37,767
406,075 485,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 136,958 431,088

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 136,958 260,430

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 136,958 -

Praesidio Management Ltd (Registered number: 09596619)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Fair
value
reserve
£   
Transfers 36,813

At 31 October 2023 36,813