IRIS Accounts Production v24.1.0.576 12654743 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126547432022-06-30126547432023-06-30126547432022-07-012023-06-30126547432021-06-30126547432021-07-012022-06-30126547432022-06-3012654743ns15:EnglandWales2022-07-012023-06-3012654743ns14:PoundSterling2022-07-012023-06-3012654743ns10:Director12022-07-012023-06-3012654743ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3012654743ns10:SmallEntities2022-07-012023-06-3012654743ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3012654743ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3012654743ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3012654743ns10:FullAccounts2022-07-012023-06-3012654743ns10:Director22022-07-012023-06-3012654743ns10:RegisteredOffice2022-07-012023-06-3012654743ns5:CurrentFinancialInstruments2023-06-3012654743ns5:CurrentFinancialInstruments2022-06-3012654743ns5:ShareCapital2023-06-3012654743ns5:ShareCapital2022-06-3012654743ns5:RetainedEarningsAccumulatedLosses2023-06-3012654743ns5:RetainedEarningsAccumulatedLosses2022-06-3012654743ns5:FurnitureFittings2022-06-3012654743ns5:ComputerEquipment2022-06-3012654743ns5:FurnitureFittings2022-07-012023-06-3012654743ns5:ComputerEquipment2022-07-012023-06-3012654743ns5:FurnitureFittings2023-06-3012654743ns5:ComputerEquipment2023-06-3012654743ns5:FurnitureFittings2022-06-3012654743ns5:ComputerEquipment2022-06-3012654743ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-06-3012654743ns5:UnlistedNon-exchangeTradedns5:AdditionsToInvestments2023-06-3012654743ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2023-06-3012654743ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-06-3012654743ns5:UnlistedNon-exchangeTraded2023-06-3012654743ns5:UnlistedNon-exchangeTraded2022-06-3012654743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012654743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 12654743 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Sarsen Capital Limited

Sarsen Capital Limited (Registered number: 12654743)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sarsen Capital Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M Colquhoun
K L Eshelby





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 12654743 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Sarsen Capital Limited (Registered number: 12654743)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547 919
Investments 5 441,767 292,339
442,314 293,258

CURRENT ASSETS
Debtors 6 5,078 1,570
Cash at bank 17,986 -
23,064 1,570
CREDITORS
Amounts falling due within one year 7 488,694 325,596
NET CURRENT LIABILITIES (465,630 ) (324,026 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,316 ) (30,768 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,317 ) (30,769 )
(23,316 ) (30,768 )

Sarsen Capital Limited (Registered number: 12654743)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





M Colquhoun - Director


Sarsen Capital Limited (Registered number: 12654743)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Sarsen Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - straight line over 3 years
Office equipment - straight line over 3 years


Sarsen Capital Limited (Registered number: 12654743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Going concern
The director is satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Sarsen Capital Limited (Registered number: 12654743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 1,170 1,589 2,759
Additions - 725 725
At 30 June 2023 1,170 2,314 3,484
DEPRECIATION
At 1 July 2022 780 1,060 1,840
Charge for year 390 707 1,097
At 30 June 2023 1,170 1,767 2,937
NET BOOK VALUE
At 30 June 2023 - 547 547
At 30 June 2022 390 529 919

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 292,339
Additions 131,253
Revaluations 18,175
At 30 June 2023 441,767
NET BOOK VALUE
At 30 June 2023 441,767
At 30 June 2022 292,339

The historical cost of the fixed asset investments is £411,042 (2022 - £279,789).

Sarsen Capital Limited (Registered number: 12654743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 5,078 1,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 488,694 325,596

8. RELATED PARTY TRANSACTIONS

Loans from related parties



Key
management


Total
2023 £ £
At start of period 315,971 315,971
Advanced 179,047 179,047
Repaid (9,024 ) (9,024 )
At end of period 485,994 485,994


Key
management


Total
2022 £ £
At start of period 209,289 209,289
Advanced 139,483 139,483
Repaid (32,801 ) (32,801 )
At end of period 315,971 315,971


The loan from key management is interest free and repayable on demand.