Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrue22023-06-01No description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09896969 2023-06-01 2024-05-31 09896969 2024-05-31 09896969 2022-06-01 2023-05-31 09896969 2023-05-31 09896969 c:Director1 2023-06-01 2024-05-31 09896969 c:Director2 2023-06-01 2024-05-31 09896969 d:OfficeEquipment 2023-06-01 2024-05-31 09896969 d:OfficeEquipment 2024-05-31 09896969 d:OfficeEquipment 2023-05-31 09896969 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09896969 d:ComputerEquipment 2023-06-01 2024-05-31 09896969 d:ComputerEquipment 2024-05-31 09896969 d:ComputerEquipment 2023-05-31 09896969 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09896969 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09896969 d:CurrentFinancialInstruments 2024-05-31 09896969 d:CurrentFinancialInstruments 2023-05-31 09896969 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09896969 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09896969 d:ShareCapital 2024-05-31 09896969 d:ShareCapital 2023-05-31 09896969 d:RetainedEarningsAccumulatedLosses 2024-05-31 09896969 d:RetainedEarningsAccumulatedLosses 2023-05-31 09896969 c:FRS102 2023-06-01 2024-05-31 09896969 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09896969 c:FullAccounts 2023-06-01 2024-05-31 09896969 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09896969 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 09896969







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


PRAETORIAN ADVISORS 2 LTD






































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PRAETORIAN ADVISORS 2 LTD
REGISTERED NUMBER:09896969



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
226

  
-
226

Current assets
  

Bank and cash balances
  
11,398
3,274

  
11,398
3,274

Creditors: amounts falling due within one year
 4 
(6,685)
(6,304)

Net current assets/(liabilities)
  
 
 
4,713
 
 
(3,030)

Total assets less current liabilities
  
4,713
(2,804)

  

Net assets/(liabilities)
  
4,713
(2,804)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,613
(2,904)

  
4,713
(2,804)


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 10 February 2025.




................................................
A R Yeo
................................................
C Yeo
Director
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


PRAETORIAN ADVISORS 2 LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Praetorian Advisors 2 Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 


PRAETORIAN ADVISORS 2 LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 


PRAETORIAN ADVISORS 2 LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
2,069
3,648
5,717



At 31 May 2024

2,069
3,648
5,717



Depreciation


At 1 June 2023
2,069
3,422
5,491


Charge for the year on owned assets
-
226
226



At 31 May 2024

2,069
3,648
5,717



Net book value



At 31 May 2024
-
-
-



At 31 May 2023
-
226
226


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
3,955
3,694

Accruals and deferred income
2,730
2,610

6,685
6,304


 
Page 4