Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false2false 12742191 2023-01-01 2023-12-31 12742191 2021-08-01 2022-12-31 12742191 2023-12-31 12742191 2022-12-31 12742191 c:Director1 2023-01-01 2023-12-31 12742191 d:CurrentFinancialInstruments 2023-12-31 12742191 d:CurrentFinancialInstruments 2022-12-31 12742191 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12742191 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12742191 d:ShareCapital 2023-12-31 12742191 d:ShareCapital 2022-12-31 12742191 d:SharePremium 2023-12-31 12742191 d:SharePremium 2022-12-31 12742191 d:RetainedEarningsAccumulatedLosses 2023-12-31 12742191 d:RetainedEarningsAccumulatedLosses 2022-12-31 12742191 c:FRS102 2023-01-01 2023-12-31 12742191 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12742191 c:FullAccounts 2023-01-01 2023-12-31 12742191 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12742191 2 2023-01-01 2023-12-31 12742191 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12742191










SOTERA HERITAGE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SOTERA HERITAGE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SOTERA HERITAGE LTD
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sotera Heritage Ltd for the period ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Sotera Heritage Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sotera Heritage Ltd  and state those matters that we have agreed to state to the Board of directors of Sotera Heritage Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sotera Heritage Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Sotera Heritage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sotera Heritage Ltd. You consider that Sotera Heritage Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Sotera Heritage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Simmons Gainsford Professional Services Limited
Chartered Accountants
14th Floor
33 Cavendish Square
London
W1G 0PW
17 September 2024
Page 1

 
SOTERA HERITAGE LTD
REGISTERED NUMBER:12742191

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
10,838

Bank and cash balances
  
5,526
146,704

  
5,526
157,542

Creditors: amounts falling due within one year
 5 
(5,173)
(37,889)

Net current assets
  
 
 
353
 
 
119,653

Total assets less current liabilities
  
353
119,653

  

Net assets
  
353
119,653


Capital and reserves
  

Called up share capital 
  
1,170
1,170

Share premium account
  
299,823
299,823

Profit and loss account
  
(300,640)
(181,340)

  
353
119,653


Page 2

 
SOTERA HERITAGE LTD
REGISTERED NUMBER:12742191
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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 profit and loss account 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: 




E Marston
Director
Date: 17 September 2024

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
SOTERA HERITAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. 

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

Interest income

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

 
2.3

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.

 
2.4

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 income 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

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.

 
2.6

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. 

 
2.7

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.

Page 4

 
SOTERA HERITAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
-
10,838



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
25,613

Other taxation and social security
1,716
8,230

Other creditors
227
195

Accruals and deferred income
3,230
3,851

5,173
37,889


 
Page 5