Company Registration No. 11605442 (England and Wales)
Privasee Group Ltd
Unaudited accounts
for the year ended 31 October 2024
Privasee Group Ltd
Unaudited accounts
Contents
Privasee Group Ltd
Company Information
for the year ended 31 October 2024
Directors
Alex Franch Tapia
Manuel Martínez Chamorro
Company Number
11605442 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Privasee Group Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
3,833
2,548
Cash at bank and in hand
446,728
166,680
Creditors: amounts falling due within one year
(131,095)
(85,986)
Net current assets
343,898
84,456
Total assets less current liabilities
347,731
87,004
Creditors: amounts falling due after more than one year
(22,602)
(29,687)
Called up share capital
1,236
1,113
Share premium
1,079,871
484,186
Profit and loss account
(755,978)
(427,982)
Shareholders' funds
325,129
57,317
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by
Alex Franch Tapia
Director
Company Registration No. 11605442
Privasee Group Ltd
Notes to the Accounts
for the year ended 31 October 2024
Privasee Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11605442. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33.33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
288
4,987
5,275
At 31 October 2024
288
8,825
9,113
At 1 November 2023
48
2,679
2,727
Charge for the year
58
2,495
2,553
At 31 October 2024
106
5,174
5,280
At 31 October 2024
182
3,651
3,833
At 31 October 2023
240
2,308
2,548
Privasee Group Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
23,685
1,786
Accrued income and prepayments
4,580
1,976
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,850
6,370
Trade creditors
12,796
717
Taxes and social security
13,563
6,449
Loans from directors
(177)
(204)
Deferred income
86,942
69,124
7
Creditors: amounts falling due after more than one year
2024
2023
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Average number of employees
During the year the average number of employees was 6 (2023: 4).