Public Technologies Limited Filleted accounts for Companies House (small and micro)

PUBLIC TECHNOLOGIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12277461

Public Technologies Limited

Filleted Unaudited Financial Statements

31 March 2023

Public Technologies Limited

Financial Statements

Year ended 31 March 2023

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Public Technologies Limited

Statement of Financial Position

31 March 2023

	2023	2022
Note	£	£

Current assets

Debtors	5	365,115	356,210
Investments	6	99	99
Cash at bank and in hand		393	393
		---------	---------
		365,607	356,702

Creditors: amounts falling due within one year	7	22,532	22,157
		---------	---------
Net current assets		343,075	334,545
		---------	---------
Total assets less current liabilities		343,075	334,545

Creditors: amounts falling due after more than one year	8	345,824	350,554
		---------	---------
Net liabilities		( 2,749)	( 16,009)
		---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	( 2,759)	( 16,019)
	-------	--------
Shareholders deficit	( 2,749)	( 16,009)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:

Mr A A C De Carvalho

Director

Company registration number: 12277461

Public Technologies Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Public Hall, One Horse Guards Avenue, London, SW1A 2HU, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period was 2 (2022: 2).

5. Debtors

	2023	2022
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	339,500	339,500
Other debtors	25,615	16,710
	---------	---------
	365,115	356,210
	---------	---------

6. Investments

	2023	2022
	£	£
Investments in group undertakings	99	99
	----	----

The company purchased the shares in Eva Health Technologies Limited (Company number 02162053) on the 20th April 2020 for nominal value. This comprised of 99% of the shareholding and therefore Public Technologies is deemed to have control of this company.

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Other creditors	22,532	22,157
	--------	--------

8. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	345,824	350,554
	---------	---------

9. Related party transactions

At the balance sheet date, the company owed £368,257 to its parent company (2022: £372,612). At the balance sheet date, the company was owed £365,115 by a company under its control (2022: £356,210).

10. Controlling party

At the balance sheet date, the company was under the control of Public Group International Limited (Registration Number - 12277461 ), regsitered address Public Hall, One Horse Guards Avenue, London, United Kingdom, SW1A 2HU . This company was deemed to be the ultimate controllng party.