PERSPICACIOUS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05553001 (England and Wales)

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2020 TO 24 JANUARY 2021

FOR

PERSPICACIOUS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Abbasi

REGISTERED OFFICE:

1 Woodford Place

Wembley

Middlesex

HA9 8TE

REGISTERED NUMBER:

05553001 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

-

547

CURRENT ASSETS

Debtors

149

14

Investments

-

140,023

Cash at bank

155,304

102,530

155,453

242,567

CREDITORS

Amounts falling due within one year

2,501

11,355

NET CURRENT ASSETS

152,952

231,212

TOTAL ASSETS LESS CURRENT LIABILITIES

152,952

231,759

PROVISIONS FOR LIABILITIES

-

9,232

NET ASSETS

152,952

222,527

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Fair value reserve

7

-

39,356

Retained earnings

7

151,952

182,171

SHAREHOLDERS' FUNDS

152,952

222,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 January 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 January 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 24 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 September 2021 and were signed by:

Mr H Abbasi - Director

1.	STATUTORY INFORMATION

PERSPICACIOUS 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the realisation basis.

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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Current asset investments

Current asset investments are initially measured at historical cost which are subsequently measured at fair value with changes in fair value recognised in profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2020 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

16,778

Disposals

(16,778

)

At 24 January 2021

-

DEPRECIATION

At 1 April 2020

16,231

Eliminated on disposal

(16,231

)

At 24 January 2021

-

NET BOOK VALUE

At 24 January 2021

-

At 31 March 2020

547

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

£

Reserves

151,952

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 24 January 2021 and the year ended 31 March 2020:

2021

2020

£

£

Mr H Abbasi

Balance outstanding at start of period

(492

)

(1,651

)

Amounts advanced

325

22,847

Amounts repaid

-

(21,688

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(167

)

(492

)