REGISTERED NUMBER: 06013297 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Proteus Project Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J Longley

SECRETARY:

Mrs K L Longley

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

06013297 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

758,395

676,428

758,395

676,428

CURRENT ASSETS

Debtors

6

2,060

-

Cash at bank

15,959

54,557

18,019

54,557

CREDITORS

Amounts falling due within one year

7

123,093

106,917

NET CURRENT LIABILITIES

(105,074

)

(52,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

653,321

624,068

PROVISIONS FOR LIABILITIES

16,844

14,337

NET ASSETS

636,477

609,731

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

636,377

609,631

SHAREHOLDERS' FUNDS

636,477

609,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

R J Longley - Director

1.	STATUTORY INFORMATION

Proteus Project Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Over 3 years on cost

Financial instruments

The company has entered into complex financial instruments in the form of investment bonds and other interest bearing securities.

The investments are initially recognised at cost on acquisition and are re-measured at their fair value at each balance sheet date. The resulting gain or loss is recognised immediately in the profit and loss account.

The company also has basic financial instruments in the form of trade debtors in relation to investment income owed to the company at the Year end.

Taxation

Taxation for the year comprises deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are recognised initially at fair value which is normally the transaction price. Subsequently they are measured at fair value through profit or loss at each year end.

Pension costs

The company contributes to the directors personal pension plan. Contributions payable are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

1,801

DEPRECIATION

At 1 April 2024

and 31 March 2025

1,801

NET BOOK VALUE

At 31 March 2025

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

676,428

Additions

134,630

Disposals

(62,689

)

Revaluations

10,026

At 31 March 2025

758,395

NET BOOK VALUE

At 31 March 2025

758,395

At 31 March 2024

676,428

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

67,375

Cost

691,020

758,395

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

691,020

619,078

Fixed asset investments were valued on an open market basis on 31 March 2025 by various portfolio providers .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,060

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

743

-

Other creditors

122,350

106,917

123,093

106,917

8.	RELATED PARTY DISCLOSURES

During the year, dividends of £3,000 (2024: £20,000) were paid to the director in respect of ordinary shares held.

9.	DISTRIBUTABLE RESERVES

Included within the profit and loss reserve is any change in fair value of fixed asset investments and provisions for deferred tax, which is not distributable.

The amount distributable at the 31 March 2025 is £585,846 as shown below.

£

Retained Earnings per the Balance Sheet

636,377

Revaluation reserve

50,531

Distributable reserves

585,846