Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity11truefalse 10075968 2023-04-01 2024-03-31 10075968 2022-04-01 2023-03-31 10075968 2024-03-31 10075968 2023-03-31 10075968 c:Director1 2023-04-01 2024-03-31 10075968 d:OfficeEquipment 2023-04-01 2024-03-31 10075968 d:OfficeEquipment 2024-03-31 10075968 d:OfficeEquipment 2023-03-31 10075968 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10075968 d:ComputerEquipment 2023-04-01 2024-03-31 10075968 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 10075968 d:OtherPropertyPlantEquipment 2024-03-31 10075968 d:OtherPropertyPlantEquipment 2023-03-31 10075968 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10075968 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10075968 d:CurrentFinancialInstruments 2024-03-31 10075968 d:CurrentFinancialInstruments 2023-03-31 10075968 d:Non-currentFinancialInstruments 2024-03-31 10075968 d:Non-currentFinancialInstruments 2023-03-31 10075968 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10075968 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10075968 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10075968 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10075968 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10075968 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10075968 d:ShareCapital 2024-03-31 10075968 d:ShareCapital 2023-03-31 10075968 d:RetainedEarningsAccumulatedLosses 2024-03-31 10075968 d:RetainedEarningsAccumulatedLosses 2023-03-31 10075968 c:FRS102 2023-04-01 2024-03-31 10075968 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10075968 c:FullAccounts 2023-04-01 2024-03-31 10075968 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10075968 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10075968









SANTARI LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SANTARI LTD
REGISTERED NUMBER: 10075968

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
21,012
9,884

  
21,012
9,884

Current assets
  

Stocks
 5 
9,528
9,765

Debtors: amounts falling due within one year
 6 
174,814
139,043

Cash at bank and in hand
 7 
7,763
13,165

  
192,105
161,973

Creditors: amounts falling due within one year
 8 
(114,312)
(54,607)

Net current assets
  
 
 
77,793
 
 
107,366

Total assets less current liabilities
  
98,805
117,250

Creditors: amounts falling due after more than one year
 9 
(4,833)
(8,026)

  

Net assets
  
93,972
109,224


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
93,872
109,124

  
93,972
109,224


Page 7

 
SANTARI LTD
REGISTERED NUMBER: 10075968
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 income and retained earnings 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: 



................................................
Dr C O Emeagi
Director

Date: 15 October 2024

The notes on pages 9 to 14 form part of these financial statements.

Page 8

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Santari Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London N3 1LF. The company registration number is 10075968.

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

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.

 
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

Borrowing costs

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

Page 9

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 corporation 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.

 
2.7

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:

Office equipment
-
25%
on a reducing balance
Computer equipment
-
25%
on a 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 10

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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

2024
2023
£
£

Wages and salaries
35,000
33,530

Cost of defined contribution scheme
713
668

35,713
34,198


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

Page 11

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





IT & computer equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
16,113
2,550
18,663


Additions
18,009
124
18,133



At 31 March 2024

34,122
2,674
36,796



Depreciation


At 1 April 2023
8,142
638
8,780


Charge for the year on owned assets
6,495
509
7,004



At 31 March 2024

14,637
1,147
15,784



Net book value



At 31 March 2024
19,485
1,527
21,012



At 31 March 2023
7,971
1,913
9,884


5.


Stocks

2024
2023
£
£

Materials and consumables
9,528
9,765

9,528
9,765


Page 12

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
174,814
139,043

174,814
139,043



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,763
13,165

7,763
13,165



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,921
3,909

Corporation tax
91,381
42,408

Other taxation and social security
10,912
5,293

Other creditors
1,974
-

Accruals and deferred income
6,124
2,997

114,312
54,607



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,833
8,026

4,833
8,026


Page 13

 
SANTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,921
3,909


3,921
3,909


Amounts falling due 2-5 years

Bank loans
4,833
8,026


4,833
8,026


8,754
11,935



11.


Transactions with Director

Included in other debtors is the sum of £131,639 (2023: £106,525) owed from the director. Interest at the rate of 3.5% per annum has been applied on this loan. 
During the period under review, the company paid dividends totalling £140,000 (2023: £140,000)  to the director.

 
Page 14