REGISTERED NUMBER: 10410374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRAETUS ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Dickinson

Ms M S Doody-Jenkins

REGISTERED OFFICE:

43-45 Devizes Road

Swindon Wiltshire

SN14BG

REGISTERED NUMBER:

10410374 (England and Wales)

ACCOUNTANTS:

Orcom Civvals Limited

Accountants

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

26,857

24,293

CURRENT ASSETS

Debtors

5

15,346

68,483

Prepayments and accrued income

5,743

2,443

Cash at bank

145,758

205,123

166,847

276,049

CREDITORS

Amounts falling due within one year

6

(3,258

)

(106,728

)

NET CURRENT ASSETS

163,589

169,321

TOTAL ASSETS LESS CURRENT LIABILITIES

190,446

193,614

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

189,446

192,614

SHAREHOLDERS' FUNDS

190,446

193,614

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

R Dickinson - Director

1.	STATUTORY INFORMATION

Praetus Associates 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

25,572

-

25,572

Additions

26,569

1,231

27,800

Disposals

(25,572

)

-

(25,572

)

At 31 March 2025

26,569

1,231

27,800

DEPRECIATION

At 1 April 2024

1,279

-

1,279

Charge for year

738

205

943

Eliminated on disposal

(1,279

)

-

(1,279

)

At 31 March 2025

738

205

943

NET BOOK VALUE

At 31 March 2025

25,831

1,026

26,857

At 31 March 2024

24,293

-

24,293

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

57,014

Amounts recoverable on contract

-

8,645

Other debtors

15,346

2,824

15,346

68,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

(1

)

104,669

Other creditors

3,259

2,059

3,258

106,728

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R Dickinson

Balance outstanding at start of year

2,824

-

Amounts advanced

9,758

18,906

Amounts repaid

(3,126

)

(16,082

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,456

2,824