Praetorian Asset Management Limited - Accounts to registrar (filleted) - small 18.2
Praetorian Asset Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| FOR |
| PRAETORIAN ASSET MANAGEMENT LIMITED |
| PRAETORIAN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08551820) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| PRAETORIAN ASSET MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Global House |
| 303 Ballards Lane |
| London |
| N12 8NP |
| PRAETORIAN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08551820) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MAY 2018 |
| 31.5.18 | 31.5.17 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| 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 on |
| PRAETORIAN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08551820) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 1. | STATUTORY INFORMATION |
| Praetorian Asset Management Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Going concern |
| At the balance sheet date, the company's liabilities exceeded its assets. The company has received |
| assurance from the director that he will continue to give financial support to the company for twelve |
| months from the date of signing these financial statements. On this basis, the director considers it |
| appropriate to prepare the accounts on a going concern basis. However, should the financial support |
| mentioned above not be forthcoming, the going concern basis used in preparing the company's |
| accounts may be invalid and adjustments would have to be made to reduce the value of assets to their |
| realizable amount and to provide for any further liabilities which might arise. The accounts do not |
| include any adjustment to the company's assets or liabilities that might be necessary should this basis |
| not continue to be appropriate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Trade creditors |
| Other creditors |