Danae Capital Limited 12601998 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of holding investments. Digita Accounts Production Advanced 6.30.9574.0 true false true 12601998 2024-01-01 2024-12-31 12601998 2024-12-31 12601998 core:RetainedEarningsAccumulatedLosses 2024-12-31 12601998 core:ShareCapital 2024-12-31 12601998 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12601998 core:Non-currentFinancialInstruments 2024-12-31 12601998 bus:SmallEntities 2024-01-01 2024-12-31 12601998 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12601998 bus:FullAccounts 2024-01-01 2024-12-31 12601998 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12601998 bus:RegisteredOffice 2024-01-01 2024-12-31 12601998 bus:Director1 2024-01-01 2024-12-31 12601998 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12601998 core:OtherRelatedParties 2024-01-01 2024-12-31 12601998 core:Subsidiary1 2024-01-01 2024-12-31 12601998 core:Subsidiary1 1 2024-01-01 2024-12-31 12601998 core:Subsidiary1 countries:AllCountries 2024-01-01 2024-12-31 12601998 countries:AllCountries 2024-01-01 2024-12-31 12601998 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 12601998 2023-01-01 2023-12-31 12601998 2023-12-31 12601998 core:RetainedEarningsAccumulatedLosses 2023-12-31 12601998 core:ShareCapital 2023-12-31 12601998 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12601998 core:Non-currentFinancialInstruments 2023-12-31 12601998 core:Subsidiary1 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 12601998

Danae Capital Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Danae Capital Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Danae Capital Limited

(Registration number: 12601998)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

14,753

14,753

Current assets

 

Debtors

35,946

-

Cash at bank and in hand

 

84,720

84,816

 

120,666

84,816

Creditors: Amounts falling due within one year

(134,364)

(99,337)

Net current liabilities

 

(13,698)

(14,521)

Net assets

 

1,055

232

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

1,045

222

Total equity

 

1,055

232

For the financial year ending 31 December 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 29 August 2025
 

Mr K Marney

Director

 

Danae Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales (Registered number: 12601998).

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 29 August 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

 

Danae Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

Total
£

Cost or valuation

At 1 January 2024

14,753

Provision

Carrying amount

At 31 December 2024

14,753

At 31 December 2023

14,753

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Perseus People Limited

Calyx House
South Road
Taunton
TA1 3DU

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Perseus People Limited

The principal activity of Perseus People Limited is that of a recruitment consultant.

 

Danae Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5

Related party transactions

Summary of transactions with other related parties

Included within other creditors is a loan from Perseus People Limited of £133,893 (2023 - £74,641 other creditors). The loan is interest free and is repayable on demand.