Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10147617 2022-07-01 2023-06-30 10147617 2021-07-01 2022-06-30 10147617 2023-06-30 10147617 2022-06-30 10147617 c:Director1 2022-07-01 2023-06-30 10147617 d:PlantMachinery 2022-07-01 2023-06-30 10147617 d:PlantMachinery 2023-06-30 10147617 d:PlantMachinery 2022-06-30 10147617 d:MotorVehicles 2022-07-01 2023-06-30 10147617 d:MotorVehicles 2023-06-30 10147617 d:MotorVehicles 2022-06-30 10147617 d:ComputerEquipment 2022-07-01 2023-06-30 10147617 d:ComputerEquipment 2023-06-30 10147617 d:ComputerEquipment 2022-06-30 10147617 d:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 10147617 d:CurrentFinancialInstruments 2023-06-30 10147617 d:CurrentFinancialInstruments 2022-06-30 10147617 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10147617 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10147617 d:ShareCapital 2023-06-30 10147617 d:ShareCapital 2022-06-30 10147617 d:RetainedEarningsAccumulatedLosses 2023-06-30 10147617 d:RetainedEarningsAccumulatedLosses 2022-06-30 10147617 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10147617 c:OrdinaryShareClass1 2023-06-30 10147617 c:OrdinaryShareClass1 2022-06-30 10147617 c:FRS102 2022-07-01 2023-06-30 10147617 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10147617 c:FullAccounts 2022-07-01 2023-06-30 10147617 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10147617 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10147617










SANDLEFORD HOLDINGS (UK) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
SANDLEFORD HOLDINGS (UK) LTD
REGISTERED NUMBER: 10147617

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
24,633

  
-
24,633

Current assets
  

Stocks
 5 
106,577
211,602

Debtors: amounts falling due within one year
 6 
895,078
924,755

Cash at bank and in hand
  
108,987
826

  
1,110,642
1,137,183

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,167,022)
(898,034)

Net current (liabilities)/assets
  
 
 
(56,380)
 
 
239,149

Total assets less current liabilities
  
(56,380)
263,782

  

Net (liabilities)/assets
  
(56,380)
263,782


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
(56,382)
263,780

  
(56,380)
263,782


Page 1

 
SANDLEFORD HOLDINGS (UK) LTD
REGISTERED NUMBER: 10147617

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 by: 






J M Flavell
Director

Date: 4 April 2024

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

Page 2

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Sandleford Holdings (UK) Ltd is a private company limited by shares, registered in England and Wales. The company's registered number is 10147617. The address of the company's registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from a related company. The loan to the company will not be called in until the company has sufficient funds to repay.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Based on the above, the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Turnover

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Plant and machinery
-
between 10 and 20%
Computer equipment
-
67%
Forklift trucks
-
18%

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.

 
2.5

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

  
2.10

Government grants

The UK government has offered a range of financial support packages to help companies, including government backed financing arrangements, furlough schemes, deferment of VAT payments and, for some sectors, business rates holidays. Of the offered schemes, the company used the furlough scheme. The income from the furlough scheme has been recognised within 'Other operating income'. The income is recognised when the company has reasonable assurance that they will comply with the conditions attaching the grant, and that the grant will be received.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 3).

Page 5

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Equipment
Forklift  trucks
Computer equipment
Total

£
£
£
£





At 1 July 2022
40,432
3,540
17,531
61,503


Disposals
(40,432)
(3,540)
(17,531)
(61,503)



At 30 June 2023

-
-
-
-





At 1 July 2022
17,386
2,298
17,186
36,870


Disposals
(17,386)
(2,298)
(17,186)
(36,870)



At 30 June 2023

-
-
-
-



Net book value



At 30 June 2023
-
-
-
-



At 30 June 2022
23,046
1,242
345
24,633


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
106,577
211,602

106,577
211,602



6.


Debtors

2023
2022
£
£


Trade debtors
255,952
198,552

Amounts owed by group undertakings
606,535
679,449

Other debtors
32,591
11,216

Prepayments and accrued income
-
35,538

895,078
924,755


Amounts owed by related party are unsecured, interest free and payable on demand.

Page 6

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
3,412

Trade creditors
1,146,004
818,315

Other taxation and social security
100
8,845

Other creditors
17,242
16,344

Accruals and deferred income
3,676
51,118

1,167,022
898,034


Amounts owed to related party are unsecured, interest free and repayable on demand.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2

The shares have attached to them full voting, dividend and capital distribution rights.



9.


Related party transactions

At the balance sheet date the company was owed £606,535 (2022: £679,449) by a related party. This is an interest free loan with no set repayment date.


10.


Controlling party

The company is controlled and owned by Aquilia PTY LTD by virtue of their 100% shareholding in Sandleford Holdings (UK) Ltd.


Page 7