Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30102023-05-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 9966449 2023-05-01 2024-04-30 9966449 2022-05-01 2023-04-30 9966449 2024-04-30 9966449 2023-04-30 9966449 c:Director1 2023-05-01 2024-04-30 9966449 d:CurrentFinancialInstruments 2024-04-30 9966449 d:CurrentFinancialInstruments 2023-04-30 9966449 d:Non-currentFinancialInstruments 2024-04-30 9966449 d:Non-currentFinancialInstruments 2023-04-30 9966449 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 9966449 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 9966449 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 9966449 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 9966449 d:ShareCapital 2024-04-30 9966449 d:ShareCapital 2023-04-30 9966449 d:RetainedEarningsAccumulatedLosses 2024-04-30 9966449 d:RetainedEarningsAccumulatedLosses 2023-04-30 9966449 c:FRS102 2023-05-01 2024-04-30 9966449 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 9966449 c:FullAccounts 2023-05-01 2024-04-30 9966449 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 9966449 2 2023-05-01 2024-04-30 9966449 6 2023-05-01 2024-04-30 9966449 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 9966449










SARUGA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SARUGA LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Notes to the Financial Statements
 
 
3 - 5


 
SARUGA LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SARUGA LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saruga Limited for the year ended 30 April 2024 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 director of Saruga Limited in accordance with the terms of our engagement letter dated 6 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Saruga Limited and state those matters that we have agreed to state to the director of Saruga Limited 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 Saruga Limited and its director for our work or for this report. 

It is your duty to ensure that Saruga Limited 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 profit of Saruga Limited. You consider that Saruga Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Saruga Limited. 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.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
29 September 2024
Page 1

 
SARUGA LIMITED
REGISTERED NUMBER: 9966449

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Investments
 4 
1,329,300
-

 
CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
500,000
-

Cash at bank and in hand
 6 
105,755
-

  
605,755
-

Creditors: amounts falling due within one year
 7 
(39,041)
(10,833)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
566,714
 
 
(10,833)

Creditors: amounts falling due after more than one year
 8 
(2,312,276)
(484,636)

  

NET LIABILITIES
  
(416,262)
(495,469)


CAPITAL AND RESERVES
  

Called up share capital 
  
100
1

Profit and loss account
  
(416,362)
(495,470)

  
(416,262)
(495,469)


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 29 September 2024.



P ARENSON
Director

Page 2

 
SARUGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.ACCOUNTING POLICIES

 
1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

INTEREST INCOME

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

 
1.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.5

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.

Page 3

 
SARUGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.6

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 Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
1.7

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.

 
1.8

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.

 
1.9

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.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 0).

Page 4

 
SARUGA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


FIXED ASSET INVESTMENTS





Listed investments

£



COST OR VALUATION


At 1 May 2023
-


Additions
2,729,300


Disposals
(1,400,000)



At 30 April 2024
1,329,300





5.


DEBTORS

2024
2023
£
£

Amounts owed by associated undertakings
500,000
-



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
105,755
-



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
1,419
-

Other taxation and social security
7,748
-

Shareholder loans
27,974
9,813

Accruals and deferred income
1,900
1,020

39,041
10,833



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Shareholder loans
2,312,276
484,636


Page 5