Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01956094 2022-04-01 2023-03-31 01956094 2021-04-01 2022-03-31 01956094 2023-03-31 01956094 2022-03-31 01956094 1 2022-04-01 2023-03-31 01956094 1 2021-04-01 2022-03-31 01956094 d:CompanySecretary1 2022-04-01 2023-03-31 01956094 d:Director1 2022-04-01 2023-03-31 01956094 d:Director2 2022-04-01 2023-03-31 01956094 d:RegisteredOffice 2022-04-01 2023-03-31 01956094 e:PlantMachinery 2023-03-31 01956094 e:PlantMachinery 2022-03-31 01956094 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01956094 e:FurnitureFittings 2022-04-01 2023-03-31 01956094 e:OfficeEquipment 2022-04-01 2023-03-31 01956094 e:ComputerEquipment 2022-04-01 2023-03-31 01956094 e:CurrentFinancialInstruments 2023-03-31 01956094 e:CurrentFinancialInstruments 2022-03-31 01956094 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 01956094 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 01956094 e:ShareCapital 2023-03-31 01956094 e:ShareCapital 2022-03-31 01956094 e:RetainedEarningsAccumulatedLosses 2023-03-31 01956094 e:RetainedEarningsAccumulatedLosses 2022-03-31 01956094 d:FRS102 2022-04-01 2023-03-31 01956094 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01956094 d:FullAccounts 2022-04-01 2023-03-31 01956094 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01956094 e:WithinOneYear 2023-03-31 01956094 e:WithinOneYear 2022-03-31 01956094 e:BetweenOneFiveYears 2023-03-31 01956094 e:BetweenOneFiveYears 2022-03-31 01956094 e:MoreThanFiveYears 2023-03-31 01956094 e:MoreThanFiveYears 2022-03-31 01956094 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 01956094










SUNESIS LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




















 
SUNESIS LIMITED
 
 
Company Information


Directors
S R Gibbings 
R Radcliffe-Genge 




Company secretary
R Radcliffe-Genge



Registered number
01956094



Registered office
2 Royal Crescent Mews

Brighton

BN2 1AW





 
SUNESIS LIMITED
Registered number: 01956094

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
597
822

  
597
822

Current assets
  

Debtors: amounts falling due within one year
 6 
244
-

Cash at bank and in hand
  
7,833
29,354

  
8,077
29,354

Creditors: amounts falling due within one year
 7 
(4,374)
(4,572)

Net current assets
  
 
 
3,703
 
 
24,782

Total assets less current liabilities
  
4,300
25,604

  

Net assets
  
4,300
25,604


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,200
25,504

  
4,300
25,604


Page 1

 
SUNESIS LIMITED
Registered number: 01956094
    
Balance sheet (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 comprehensive income 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 on 20 October 2023.




................................................
R Radcliffe-Genge
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SUNESIS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

1.


General information

Sunesis Limited is a private company, limited by share capital and incorporated in England and Wales. The company's registered office is 2 Royal Crescent Mews, Brighton, BN2 1AW.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account, except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

The Turnover shown in the Profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SUNESIS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Furniture & equipment
-
15% reducing balance per annum
Office equipment
-
15% reducing balance per annum
Computer equipment
-
25% straight line per annum

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
Page 4

 
SUNESIS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Other operating income

2023
2022
£
£

Rents receivable
21,960
20,500

21,960
20,500



4.


Employees

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

Page 5

 
SUNESIS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

5.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 April 2022
49,674



At 31 March 2023

49,674



Depreciation


At 1 April 2022
48,852


Charge for the year on owned assets
225



At 31 March 2023

49,077



Net book value



At 31 March 2023
597



At 31 March 2022
822


6.


Debtors

2023
2022
£
£


Trade debtors
244
-

244
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
774
972

Accruals and deferred income
3,600
3,600

4,374
4,572


Page 6

 
SUNESIS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

8.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
22,750
22,750

Later than 1 year and not later than 5 years
70,750
45,500

Later than 5 years
72,000
-

165,500
68,250

 
Page 7