Caseware UK (AP4) 2024.0.164 2024.0.164 No description of principal activityfalsefalse2023-07-0100trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04149828 2023-07-01 2024-06-30 04149828 2022-07-01 2023-06-30 04149828 2024-06-30 04149828 2023-06-30 04149828 c:Director3 2023-07-01 2024-06-30 04149828 d:CurrentFinancialInstruments 2024-06-30 04149828 d:CurrentFinancialInstruments 2023-06-30 04149828 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04149828 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04149828 d:ShareCapital 2024-06-30 04149828 d:ShareCapital 2023-06-30 04149828 d:RetainedEarningsAccumulatedLosses 2024-06-30 04149828 d:RetainedEarningsAccumulatedLosses 2023-06-30 04149828 c:OrdinaryShareClass2 2023-07-01 2024-06-30 04149828 c:OrdinaryShareClass2 2024-06-30 04149828 c:OrdinaryShareClass2 2023-06-30 04149828 c:OrdinaryShareClass3 2023-07-01 2024-06-30 04149828 c:OrdinaryShareClass3 2024-06-30 04149828 c:OrdinaryShareClass3 2023-06-30 04149828 c:OrdinaryShareClass4 2023-07-01 2024-06-30 04149828 c:OrdinaryShareClass4 2024-06-30 04149828 c:OrdinaryShareClass4 2023-06-30 04149828 c:FRS102 2023-07-01 2024-06-30 04149828 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04149828 c:FullAccounts 2023-07-01 2024-06-30 04149828 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04149828 2 2023-07-01 2024-06-30 04149828 6 2023-07-01 2024-06-30 04149828 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04149828










Praedia Investments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Praedia Investments Limited
Registered number: 04149828

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,462,252
2,462,252

  
2,462,252
2,462,252

Current assets
  

Cash at bank and in hand
  
8,902
10,950

  
8,902
10,950

Creditors: amounts falling due within one year
 5 
(2,963,854)
(2,913,995)

Net current liabilities
  
 
 
(2,954,952)
 
 
(2,903,045)

Total assets less current liabilities
  
(492,700)
(440,793)

  

Net liabilities
  
(492,700)
(440,793)


Capital and reserves
  

Called up share capital 
 6 
900
900

Profit and loss account
  
(493,600)
(441,693)

  
(492,700)
(440,793)


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 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 by: 




R N Harris
Director
Date: 26 March 2025

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

Page 1

 
Praedia Investments Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The company is incorporated and domiciled in England and Wales. Its registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal place of business is 51 New Cavendish Street, London, W1G 9TG. The principal activity is that of a holding 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

Going concern

The financial statements have been prepared on a going concern basis despite the company reporting net current liabilities of £2,954,952 (2023: £2,903,045). Included within the Creditors: amounts due within one year is an amount of £316,517 (2023: £316,517) due to R G Williams, a former director of the company, and £2,644,837 (2023: £Nil) due to Praedia One Limited and Cardinal One Limited, companies under common control. They have confirmed that they will not call for repayment of the above sums until the company has sufficient cash reserves to do so, without prejudice to the company's other creditors and for a period of at least twelve months from the date of approval of the financial statements. 

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Interest income

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

Page 2

 
Praedia Investments Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

3.


Employees

The average monthly number of employees, excluding directors, during the year was 0 (2023 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 July 2023
2,462,252



At 30 June 2024
2,462,252






Net book value



At 30 June 2024
2,462,252



At 30 June 2023
2,462,252


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to other participating interests
2,644,837
2,594,978

Other creditors
316,517
316,517

Accruals and deferred income
2,500
2,500

2,963,854
2,913,995





6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



300 (2023 - 300) Ordinary A shares of £1 each
300
300
300 (2023 - 300) Ordinary B shares of £1 each
300
300
300 (2023 - 300) Ordinary C shares of £1 each
300
300

900

900


Page 3

 
Praedia Investments Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

7.


Controlling party

The company is under the control of the directors.


Page 4