PRAIZE LTD - Accounts

PRAIZE LTD
Statement of Financial Position
As at 28 February 2025

	2025
	£	£
Fixed assets		1,500
Current assets	14,127
Creditors: amount falling due within one year	(2,072)
Net current assets		12,055
Total assets less current liabilities		13,555
Creditors: amount falling due after more than one year		(15,000)
Net assets		(1,445)


Capital and reserves		(1,445)

NOTES TO THE ACCOUNTS

General Information

PRAIZE LTD is a private company, limited by shares, registered in England and Wales, registration number 15464692, registration address 178 Merton High Street, London, SW19 1AY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Reducing Balance

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 04 February 2024	-	-
Additions	1,500	1,500
Disposals	-	-
At 28 February 2025	1,500	1,500
Depreciation
At 04 February 2024	-	-
Charge for period	-	-
On disposals	-	-
At 28 February 2025	-	-
Net book values
Closing balance as at 28 February 2025	1,500	1,500
Opening balance as at 04 February 2024	-	-

3.	Average number of employees Average number of employees during the period was 0.

For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 04 November 2025 and were signed by:

--------------------------------
Samia Waseem Adil
Director

Registered Number: 15464692
England and Wales
PRAIZE LTD

Unaudited Financial Statements

Period of accounts Start date: 04 February 2024 End date: 28 February 2025