Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-06-01consultancy services.22truetrue 06268776 2023-06-01 2024-05-31 06268776 2022-06-01 2023-05-31 06268776 2024-05-31 06268776 2023-05-31 06268776 c:Director2 2023-06-01 2024-05-31 06268776 d:FurnitureFittings 2023-06-01 2024-05-31 06268776 d:FurnitureFittings 2024-05-31 06268776 d:FurnitureFittings 2023-05-31 06268776 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06268776 d:ComputerEquipment 2023-06-01 2024-05-31 06268776 d:ComputerEquipment 2024-05-31 06268776 d:ComputerEquipment 2023-05-31 06268776 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06268776 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06268776 d:CurrentFinancialInstruments 2024-05-31 06268776 d:CurrentFinancialInstruments 2023-05-31 06268776 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06268776 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06268776 d:ShareCapital 2024-05-31 06268776 d:ShareCapital 2023-05-31 06268776 d:RetainedEarningsAccumulatedLosses 2024-05-31 06268776 d:RetainedEarningsAccumulatedLosses 2023-05-31 06268776 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 06268776 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 06268776 c:FRS102 2023-06-01 2024-05-31 06268776 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06268776 c:FullAccounts 2023-06-01 2024-05-31 06268776 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06268776 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06268776









STARTUP STRATEGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
STARTUP STRATEGY LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STARTUP STRATEGY LIMITED
FOR THE YEAR ENDED 31 MAY 2024

You consider that the Company is exempt from an audit for the year ended 31 May 2024. You have acknowledged, on the Balance Sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 9 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Andersen LLP
Accountants
20 Grace Church Street
11th Floor
London
EC3V 9DH
3 October 2024
Page 1

 
STARTUP STRATEGY LIMITED
REGISTERED NUMBER: 06268776

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
384
-

  
384
-

Current assets
  

Debtors: amounts falling due within one year
 5 
8,943
5,120

Cash at bank and in hand
 6 
903
288

  
9,846
5,408

Creditors: amounts falling due within one year
 7 
(6,295)
(12,574)

Net current assets/(liabilities)
  
 
 
3,551
 
 
(7,166)

Total assets less current liabilities
  
3,935
(7,166)

Provisions for liabilities
  

Deferred tax
  
(73)
-

  
 
 
(73)
 
 
-

Net assets/(liabilities)
  
3,862
(7,166)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
3,860
(7,168)

  
3,862
(7,166)


Page 2

 
STARTUP STRATEGY LIMITED
REGISTERED NUMBER: 06268776
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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: 




Mrs S Austin
Director

Date: 3 October 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Startup Strategy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office 20 Grace Church Street, 11th Floor, London, EC3V 9DH.

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

Revenue

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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

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.

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:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

Page 5

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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. 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.

 
2.7

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.



 
2.8

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.

 
2.9

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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
Page 6

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

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 2 (2023 - 2).

Page 7

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
1,551
2,840
4,391


Additions
512
-
512



At 31 May 2024

2,063
2,840
4,903



Depreciation


At 1 June 2023
1,551
2,840
4,391


Charge for the year on owned assets
128
-
128



At 31 May 2024

1,679
2,840
4,519



Net book value



At 31 May 2024
384
-
384



At 31 May 2023
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
8,793
5,120

Prepayments and accrued income
150
-

8,943
5,120



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
903
288

903
288


Page 8

 
STARTUP STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,390
170

Other creditors
405
11,204

Accruals and deferred income
1,500
1,200

6,295
12,574



8.


Deferred taxation




2024


£






Charged to profit or loss
(73)



At end of year
(73)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(73)
-

(73)
-

 
Page 9