Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01Holding company11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12588721 2023-01-01 2023-12-31 12588721 2022-01-01 2022-12-31 12588721 2023-12-31 12588721 2022-12-31 12588721 c:Director1 2023-01-01 2023-12-31 12588721 d:CurrentFinancialInstruments 2023-12-31 12588721 d:CurrentFinancialInstruments 2022-12-31 12588721 d:Non-currentFinancialInstruments 2023-12-31 12588721 d:Non-currentFinancialInstruments 2022-12-31 12588721 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12588721 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12588721 d:ShareCapital 2023-12-31 12588721 d:ShareCapital 2022-12-31 12588721 d:RetainedEarningsAccumulatedLosses 2023-12-31 12588721 d:RetainedEarningsAccumulatedLosses 2022-12-31 12588721 d:OtherDeferredTax 2023-12-31 12588721 d:OtherDeferredTax 2022-12-31 12588721 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12588721 c:OrdinaryShareClass1 2023-12-31 12588721 c:OrdinaryShareClass1 2022-12-31 12588721 c:FRS102 2023-01-01 2023-12-31 12588721 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12588721 c:FullAccounts 2023-01-01 2023-12-31 12588721 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12588721 2 2023-01-01 2023-12-31 12588721 6 2023-01-01 2023-12-31 12588721 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12588721









STERNA HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
STERNA HOLDINGS LIMITED
REGISTERED NUMBER: 12588721

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
245
145

  
245
145

Current assets
  

Debtors: amounts falling due after more than one year
 5 
323,486
-

Debtors: amounts falling due within one year
 5 
11,000
184,841

Cash at bank and in hand
 6 
697,272
859,973

  
1,031,758
1,044,814

Creditors: amounts falling due within one year
 7 
(5,377)
(1,567)

Net current assets
  
 
 
1,026,381
 
 
1,043,247

Total assets less current liabilities
  
1,026,626
1,043,392

Provisions for liabilities
  

Deferred tax
  
(5,366)
-

  
 
 
(5,366)
 
 
-

Net assets
  
1,021,260
1,043,392


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
1,021,250
1,043,382

  
1,021,260
1,043,392


Page 1

 
STERNA HOLDINGS LIMITED
REGISTERED NUMBER: 12588721
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 on 16 September 2024.




K D Chinna
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STERNA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sterna Holdings Limited is a limited company incorporated in the England and Wales. The address of the registered office is 86-90 Paul Street, London, England, EC2A 4NE. The principal activity of the company during the year has been acting as a holding company.

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

Interest income

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

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
STERNA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

 
2.9

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 4

 
STERNA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
145


Additions
100



At 31 December 2023
245





5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
323,486
-

323,486
-


2023
2022
£
£

Due within one year

Amounts owed by group undertakings
-
184,841

Other debtors
11,000
-

11,000
184,841



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
697,272
859,973


Page 5

 
STERNA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130
130

Corporation tax
5,147
1,437

Other creditors
100
-

5,377
1,567



8.


Deferred taxation




2023


£






Charged to profit or loss
5,366



At end of year
5,366

The deferred taxation balance is made up as follows:

2023
2022
£
£


Assets held at fair value
5,366
-

5,366
-


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £0.001 each
10
10



10.


Related party transactions

At the year end the company is owed £323,486 (2022: £184,841) by group companies, and during the year interest of £18,545 (2022: £8,041) was charged on these loans.

 
Page 6