Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10075968 2022-04-01 2023-03-31 10075968 2021-04-01 2022-03-31 10075968 2023-03-31 10075968 2022-03-31 10075968 c:Director1 2022-04-01 2023-03-31 10075968 d:OfficeEquipment 2022-04-01 2023-03-31 10075968 d:OfficeEquipment 2023-03-31 10075968 d:OfficeEquipment 2022-03-31 10075968 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10075968 d:ComputerEquipment 2022-04-01 2023-03-31 10075968 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 10075968 d:OtherPropertyPlantEquipment 2023-03-31 10075968 d:OtherPropertyPlantEquipment 2022-03-31 10075968 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10075968 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10075968 d:CurrentFinancialInstruments 2023-03-31 10075968 d:CurrentFinancialInstruments 2022-03-31 10075968 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10075968 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10075968 d:ShareCapital 2023-03-31 10075968 d:ShareCapital 2022-03-31 10075968 d:RetainedEarningsAccumulatedLosses 2023-03-31 10075968 d:RetainedEarningsAccumulatedLosses 2022-03-31 10075968 c:FRS102 2022-04-01 2023-03-31 10075968 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10075968 c:FullAccounts 2022-04-01 2023-03-31 10075968 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10075968









SANTARI LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SANTARI LTD
REGISTERED NUMBER: 10075968

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
9,883
5,475

  
9,883
5,475

Current assets
  

Stocks
 5 
9,765
9,004

Debtors: amounts falling due within one year
 6 
127,106
132,572

Cash at bank and in hand
 7 
13,168
10,673

  
150,039
152,249

Creditors: amounts falling due within one year
 8 
(50,698)
(76,329)

Net current assets
  
 
 
99,341
 
 
75,920

Total assets less current liabilities
  
109,224
81,395

  

Net assets
  
109,224
81,395


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
109,124
81,295

  
109,224
81,395


Page 7

 
SANTARI LTD
REGISTERED NUMBER: 10075968
    
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 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: 



................................................
Dr C O Emeagi
Director

Date: 5 March 2024

The notes on pages 9 to 13 form part of these financial statements.

Page 8

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

1.


General information

Santari Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London N3 1LF. The company registration number is 10075968.

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

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 9

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

2.Accounting policies (continued)

 
2.4

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

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
on a reducing balance
Computer equipment
-
25%
on a reducing balance

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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 10

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 11

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

4.


Tangible fixed assets





IT & computer equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
10,960
-
10,960


Additions
5,153
2,550
7,703



At 31 March 2023

16,113
2,550
18,663



Depreciation


At 1 April 2022
5,485
-
5,485


Charge for the year on owned assets
2,657
638
3,295



At 31 March 2023

8,142
638
8,780



Net book value



At 31 March 2023
7,971
1,912
9,883



At 31 March 2022
5,475
-
5,475


5.


Stocks

2023
2022
£
£

Materials and consumables
9,765
9,004

9,765
9,004


Page 12

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

6.


Debtors

2023
2022
£
£


Other debtors
127,106
132,572

127,106
132,572



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,167
10,675

13,167
10,675



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
42,408
73,632

Other taxation and social security
5,292
-

Accruals and deferred income
2,998
2,697

50,698
76,329



9.


Transactions with Director

Included in other debtors is the sum of £202,167 (2022: £100,054) owed from the director. Interest at the rate of 2.5% per annum has been applied on this loan. 
During the period under review, the company paid dividends totalling £81,000 (2022: £95,000)  to the director.

 
Page 13