Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12225247 2022-06-01 2023-05-31 12225247 2021-10-01 2022-05-31 12225247 2023-05-31 12225247 2022-05-31 12225247 c:Director1 2022-06-01 2023-05-31 12225247 d:CurrentFinancialInstruments 2023-05-31 12225247 d:CurrentFinancialInstruments 2022-05-31 12225247 d:Non-currentFinancialInstruments 2023-05-31 12225247 d:Non-currentFinancialInstruments 2022-05-31 12225247 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12225247 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12225247 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12225247 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12225247 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 12225247 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 12225247 d:ShareCapital 2023-05-31 12225247 d:ShareCapital 2022-05-31 12225247 d:RetainedEarningsAccumulatedLosses 2023-05-31 12225247 d:RetainedEarningsAccumulatedLosses 2022-05-31 12225247 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12225247 c:OrdinaryShareClass1 2023-05-31 12225247 c:OrdinaryShareClass1 2022-05-31 12225247 c:FRS102 2022-06-01 2023-05-31 12225247 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12225247 c:FullAccounts 2022-06-01 2023-05-31 12225247 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12225247










STRANKS HOLDINGS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
STRANKS HOLDINGS LIMITED
REGISTERED NUMBER: 12225247

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
178,903
178,903

  
178,903
178,903

Current assets
  

Debtors: amounts falling due within one year
 5 
77,759
43,150

Cash at bank and in hand
 6 
1,534
1,042

  
79,293
44,192

Creditors: amounts falling due within one year
 7 
(132,691)
(98,748)

Net current liabilities
  
 
 
(53,398)
 
 
(54,556)

Total assets less current liabilities
  
125,505
124,347

Creditors: amounts falling due after more than one year
 8 
(128,250)
(128,250)

  

Net liabilities
  
(2,745)
(3,903)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(2,746)
(3,904)

  
(2,745)
(3,903)


Page 1

 
STRANKS HOLDINGS LIMITED
REGISTERED NUMBER: 12225247
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The director considers 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 director acknowledges his 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 on 2 February 2024.




D A Stranks
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STRANKS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Stranks Holdings is a company domiciled in England & Wales, registration number 12225247. The registered office is Suite 7 Rectory House Thame Road, Haddenham, Aylesbury, HP17 8DA.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

Page 3

 
STRANKS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 June 2022
178,903



At 31 May 2023
178,903




Page 4

 
STRANKS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Other debtors
77,759
43,150

77,759
43,150



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,534
1,042

1,534
1,042



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
276

Other creditors
131,731
96,552

Accruals and deferred income
960
1,920

132,691
98,748



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
128,250
128,250

128,250
128,250


Page 5

 
STRANKS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
128,250
128,250

128,250
128,250

128,250
128,250



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £0.01 each
1
1


 
Page 6