Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11257996 2022-04-01 2023-03-31 11257996 2021-04-01 2022-03-31 11257996 2023-03-31 11257996 2022-03-31 11257996 c:Director1 2022-04-01 2023-03-31 11257996 d:OfficeEquipment 2022-04-01 2023-03-31 11257996 d:OfficeEquipment 2023-03-31 11257996 d:OfficeEquipment 2022-03-31 11257996 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11257996 d:ComputerEquipment 2022-04-01 2023-03-31 11257996 d:ComputerEquipment 2023-03-31 11257996 d:ComputerEquipment 2022-03-31 11257996 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11257996 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11257996 d:CurrentFinancialInstruments 2023-03-31 11257996 d:CurrentFinancialInstruments 2022-03-31 11257996 d:Non-currentFinancialInstruments 2023-03-31 11257996 d:Non-currentFinancialInstruments 2022-03-31 11257996 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11257996 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11257996 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11257996 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11257996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11257996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11257996 d:ShareCapital 2023-03-31 11257996 d:ShareCapital 2022-03-31 11257996 d:SharePremium 2023-03-31 11257996 d:SharePremium 2022-03-31 11257996 d:RetainedEarningsAccumulatedLosses 2023-03-31 11257996 d:RetainedEarningsAccumulatedLosses 2022-03-31 11257996 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11257996 c:OrdinaryShareClass1 2023-03-31 11257996 c:OrdinaryShareClass1 2022-03-31 11257996 c:FRS102 2022-04-01 2023-03-31 11257996 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11257996 c:FullAccounts 2022-04-01 2023-03-31 11257996 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11257996 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11257996









ESTARI LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ESTARI LTD
REGISTERED NUMBER: 11257996

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,282
1,625

Current assets
  

Debtors: amounts falling due within one year
 5 
2,978
3,548

Cash at bank and in hand
 6 
47,648
57,229

  
50,626
60,777

Creditors: amounts falling due within one year
 7 
(80,218)
(71,312)

Net current liabilities
  
 
 
(29,592)
 
 
(10,535)

Total assets less current liabilities
  
(27,310)
(8,910)

Creditors: amounts falling due after more than one year
 8 
(750,000)
(750,000)

Net liabilities
  
(777,310)
(758,910)


Capital and reserves
  

Called up share capital 
 10 
1,200
1,200

Share premium account
  
199,800
199,800

Profit and loss account
  
(978,310)
(959,910)

  
(777,310)
(758,910)


Page 1

 
ESTARI LTD
REGISTERED NUMBER: 11257996
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 by: 




J B Oldenhove De Guertechin
Director

Date: 13 February 2024

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

Page 2

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The legal form of the entity is a private company limited by shares and is incorporated and domiciled in England and Wales.  The address of the company's registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
25% reducing balance method
Computer equipment
-
3 years

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
233
7,572
7,805


Additions
-
2,079
2,079



At 31 March 2023

233
9,651
9,884



Depreciation


At 1 April 2022
98
6,081
6,179


Charge for the year on owned assets
34
1,389
1,423



At 31 March 2023

132
7,470
7,602



Net book value



At 31 March 2023
101
2,181
2,282



At 31 March 2022
134
1,491
1,625


5.


Debtors

2023
2022
£
£

Other debtors
2,978
3,548

2,978
3,548



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
47,648
57,229

47,648
57,229


Page 5

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,376
-

Other taxation and social security
18,242
29,583

Other creditors
6,116
17,969

Accruals and deferred income
52,484
23,760

80,218
71,312



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
750,000
750,000

750,000
750,000



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due 2-5 years

Other loans
750,000
750,000



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,200 (2022 - 1,200) Ordinary shares of £1.00 each
1,200
1,200


 
Page 6