Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09835356 2022-04-01 2023-03-31 09835356 2021-04-01 2022-03-31 09835356 2023-03-31 09835356 2022-03-31 09835356 c:Director1 2022-04-01 2023-03-31 09835356 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 09835356 d:Buildings d:LongLeaseholdAssets 2023-03-31 09835356 d:Buildings d:LongLeaseholdAssets 2022-03-31 09835356 d:OfficeEquipment 2022-04-01 2023-03-31 09835356 d:OfficeEquipment 2023-03-31 09835356 d:OfficeEquipment 2022-03-31 09835356 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09835356 d:ComputerEquipment 2022-04-01 2023-03-31 09835356 d:ComputerEquipment 2023-03-31 09835356 d:ComputerEquipment 2022-03-31 09835356 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09835356 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09835356 d:CurrentFinancialInstruments 2023-03-31 09835356 d:CurrentFinancialInstruments 2022-03-31 09835356 d:Non-currentFinancialInstruments 2023-03-31 09835356 d:Non-currentFinancialInstruments 2022-03-31 09835356 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09835356 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09835356 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09835356 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09835356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09835356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 09835356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09835356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09835356 d:ShareCapital 2023-03-31 09835356 d:ShareCapital 2022-03-31 09835356 d:RetainedEarningsAccumulatedLosses 2023-03-31 09835356 d:RetainedEarningsAccumulatedLosses 2022-03-31 09835356 c:FRS102 2022-04-01 2023-03-31 09835356 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09835356 c:FullAccounts 2022-04-01 2023-03-31 09835356 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09835356 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09835356 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 09835356 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09835356 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 09835356 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09835356









STRATEX (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STRATEX (HOLDINGS) LIMITED
REGISTERED NUMBER: 09835356

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
13,122
18,221

Investments
  
125,000
100,000

  
138,122
118,221

Current assets
  

Debtors: amounts falling due within one year
 6 
356,096
430,214

Cash at bank and in hand
  
19,394
16,086

  
375,490
446,300

Creditors: amounts falling due within one year
 7 
(387,418)
(404,323)

Net current (liabilities)/assets
  
 
 
(11,928)
 
 
41,977

Total assets less current liabilities
  
126,194
160,198

Creditors: amounts falling due after more than one year
 8 
(72,309)
(159,662)

  

Net assets
  
53,885
536


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
53,785
436

  
53,885
536


Page 1

 
STRATEX (HOLDINGS) LIMITED
REGISTERED NUMBER: 09835356
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Del Federico
Director

Date: 29 September 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The principal activity of Stratex (Holdings) Limited is to provide investment and other advice to wealthy individuals and entrepreneurs.
The Company is a private company, limited by shares, and is incorporated in England.
The registered office address is Stonecross, Trumpington High Street, Cambridge, CB2 9SU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line basis
Office equipment
-
33%
straight line basis
Computer equipment
-
33%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Long-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
13,769
8,679
9,647
32,095



At 31 March 2023

13,769
8,679
9,647
32,095



Depreciation


At 1 April 2022
2,034
7,330
4,509
13,873


Charge for the year on owned assets
1,377
539
3,183
5,099



At 31 March 2023

3,411
7,869
7,692
18,972



Net book value



At 31 March 2023
10,358
810
1,955
13,123



At 31 March 2022
11,735
1,349
5,137
18,221

Page 5

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
100,000
-
100,000


Additions
-
25,000
25,000



At 31 March 2023
100,000
25,000
125,000





6.


Debtors

2023
2022
£
£


Trade debtors
-
125

Amounts owed by group undertakings
-
50,100

Amounts owed by joint ventures and associated undertakings
50,300
-

Other debtors
278,926
350,142

Prepayments and accrued income
26,870
29,847

356,096
430,214


Page 6

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
66,372
34,434

Other loans
73,604
59,844

Trade creditors
7,231
1,094

Amounts owed to group undertakings
213,164
91,411

Amounts owed to joint ventures
23,720
-

Other taxation and social security
-
30,261

Obligations under finance lease and hire purchase contracts
-
2,992

Other creditors
211
181,171

Accruals and deferred income
3,116
3,116

387,418
404,323


The bank overdraft is secured by personal guarantees from the directors.
The other loans are secured by a first charge given by the directors over all of the shares held by them respectively in the company.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
72,309
157,447

Net obligations under finance leases and hire purchase contracts
-
2,215

72,309
159,662


Page 7

 
STRATEX (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
73,604
59,844


73,604
59,844

Amounts falling due 1-2 years

Other loans
42,685
59,844


42,685
59,844

Amounts falling due 2-5 years

Other loans
29,624
97,602


29,624
97,602


145,913
217,290



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
3,590

Between 1-5 years
-
918

-
4,508


11.


Related party transactions

Included within other debtors is a balance of £257,070 (2022: £330,141) owed by the directors and £20,000 (2022: £20,000) owed to Beyond Travel Ltd, a related company.  Interest of £13,282 (2022: £8,056) was charged on the balance owed to by directors. Dividends of £515,599 (2022: £463,814) were declared to the directors.
 

 
Page 8