Praetorian Asset Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08551820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

PRAETORIAN ASSET MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F Hussain

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

08551820 (England and Wales)

ACCOUNTANTS:

Pittalis Gilchrist LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

CURRENT ASSETS

Cash at bank

24

88

CREDITORS

Amounts falling due within one year

4

15,341

14,861

NET CURRENT LIABILITIES

(15,317

)

(14,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,317

)

(14,773

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(15,318

)

(14,774

)

(15,317

)

(14,773

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 8 March 2018 and were signed by:

F Hussain - Director

1.	STATUTORY INFORMATION

Praetorian Asset 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 1 (2016 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

360

-

Other creditors

14,981

14,861

15,341

14,861