Sarria Limited 11470623 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is provision of equity research services. Digita Accounts Production Advanced 6.30.9574.0 true 11470623 2022-08-01 2023-07-31 11470623 2023-07-31 11470623 bus:OrdinaryShareClass1 2023-07-31 11470623 core:CurrentFinancialInstruments 2023-07-31 11470623 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11470623 core:OfficeEquipment 2023-07-31 11470623 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 11470623 bus:SmallEntities 2022-08-01 2023-07-31 11470623 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 11470623 bus:FilletedAccounts 2022-08-01 2023-07-31 11470623 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11470623 bus:RegisteredOffice 2022-08-01 2023-07-31 11470623 bus:Director1 2022-08-01 2023-07-31 11470623 bus:Director2 2022-08-01 2023-07-31 11470623 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 11470623 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11470623 core:OfficeEquipment 2022-08-01 2023-07-31 11470623 core:KeyManagementPersonnel 2022-08-01 2023-07-31 11470623 countries:EnglandWales 2022-08-01 2023-07-31 11470623 2022-07-31 11470623 core:OfficeEquipment 2022-07-31 11470623 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 11470623 2021-08-01 2022-07-31 11470623 2022-07-31 11470623 bus:OrdinaryShareClass1 2022-07-31 11470623 core:CurrentFinancialInstruments 2022-07-31 11470623 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 11470623 core:OfficeEquipment 2022-07-31 11470623 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 11470623 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-08-01 2022-07-31 11470623 2021-07-31 11470623 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11470623

Sarria Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Sarria Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Sarria Limited

Company Information

Directors

Wolfgang Willi Ferdinand Roland Felix

Martha Chagas Felix

Registered office

Suite 5, 4th Floor
3 Universal Square
Devonshire Street North
Manchester
M12 6JH

Accountants

Gordon Levy Limited
Chartered Accountants
Suite 5, 4th Floor
3 Universal Square
Devonshire Street North
Manchester, M12 6JH

 

Sarria Limited

(Registration number: 11470623)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,160

3,943

Current assets

 

Debtors

5

62,774

41,653

Cash at bank and in hand

 

74,601

44,183

 

137,375

85,836

Creditors: Amounts falling due within one year

6

(93,581)

(51,107)

Net current assets

 

43,794

34,729

Total assets less current liabilities

 

49,954

38,672

Provisions for liabilities

(1,840)

-

Net assets

 

48,114

38,672

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

48,014

38,572

Shareholders' funds

 

48,114

38,672

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

 

Sarria Limited

(Registration number: 11470623)
Balance Sheet as at 31 July 2023

.........................................
Wolfgang Willi Ferdinand Roland Felix
Director

 

Sarria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 5, 4th Floor
3 Universal Square
Devonshire Street North
Manchester
M12 6JH

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
and it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Sarria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

50% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Sarria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 4).

 

Sarria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 August 2022

8,162

8,162

Additions

6,282

6,282

At 31 July 2023

14,444

14,444

Depreciation

At 1 August 2022

4,219

4,219

Charge for the year

4,065

4,065

At 31 July 2023

8,284

8,284

Carrying amount

At 31 July 2023

6,160

6,160

At 31 July 2022

3,943

3,943

5

Debtors

Current

2023
£

2022
£

Trade debtors

44,085

30,334

Prepayments

8,817

8,243

Other debtors

9,872

3,076

 

62,774

41,653

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

352

4

Taxation and social security

51,660

23,386

Accruals and deferred income

39,325

25,984

Other creditors

2,244

1,733

93,581

51,107

 

Sarria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       

8

Dividends

2023

2022

£

£

Interim dividend of £1,195.00 (2022 - £Nil) per ordinary share

119,500

-

 

 

9

Related party transactions

Loans from related parties

2023

Key management
£

Total
£

At start of period

706

706

At end of period

706

706

2022

Key management
£

Total
£

At start of period

74,332

74,332

Repaid

(73,626)

(73,626)

At end of period

706

706

Terms of loans from related parties

Loans from key management stated above, and included in other creditors due within one year, are unsecured, interest free and repayable on demand.