IRIS Accounts Production v24.3.0.553 07741070 director 1.1.23 31.12.23 31.12.23 17.10.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077410702022-12-31077410702023-12-31077410702023-01-012023-12-31077410702021-12-31077410702022-01-012022-12-31077410702022-12-3107741070ns15:EnglandWales2023-01-012023-12-3107741070ns14:PoundSterling2023-01-012023-12-3107741070ns10:Director12023-01-012023-12-3107741070ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107741070ns10:SmallEntities2023-01-012023-12-3107741070ns10:Audited2023-01-012023-12-3107741070ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107741070ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107741070ns10:FullAccounts2023-01-012023-12-3107741070ns10:RegisteredOffice2023-01-012023-12-3107741070ns5:CurrentFinancialInstruments2023-12-3107741070ns5:CurrentFinancialInstruments2022-12-3107741070ns5:ShareCapital2023-12-3107741070ns5:ShareCapital2022-12-3107741070ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3107741070ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3107741070ns5:RetainedEarningsAccumulatedLosses2023-12-3107741070ns5:RetainedEarningsAccumulatedLosses2022-12-3107741070ns5:PlantMachinery2022-12-3107741070ns5:PlantMachinery2023-01-012023-12-3107741070ns5:PlantMachinery2023-12-3107741070ns5:PlantMachinery2022-12-3107741070ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107741070ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07741070 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ASTREYA LIMITED

ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASTREYA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr Jeffrey Thomas Freeland





REGISTERED OFFICE: Fourth Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR





REGISTERED NUMBER: 07741070 (England and Wales)





AUDITORS: Randall & Payne LLP
Chargrove House
Shurdington Rd
Shurdington
Cheltenham
Gloucestershire
GL51 4GA

ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 46,217 5,705

CURRENT ASSETS
Stocks 12,489 692
Debtors 5 1,097,155 821,873
Cash at bank 6 615,391 489,327
1,725,035 1,311,892
CREDITORS
Amounts falling due within one year 7 (471,098 ) (324,502 )
NET CURRENT ASSETS 1,253,937 987,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,154

993,095

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 40,492 40,492
Retained earnings 1,259,562 952,503
1,300,154 993,095

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:





Mr Jeffrey Thomas Freeland - Director


ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Astreya Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The company is contracted by its ultimate parent company, Astreya Partners, Inc, to deliver sales and marketing services under an intercompany agreement. The company is remunerated by its parent for these services.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of signing this report. The company relies on the continued support from its ultimate parent company Astreya Partners, Inc, which has confirmed that it will continue to provide this for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2022 - 73 ) .

ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 6,590
Additions 45,335
At 31 December 2023 51,925
DEPRECIATION
At 1 January 2023 885
Charge for year 4,823
At 31 December 2023 5,708
NET BOOK VALUE
At 31 December 2023 46,217
At 31 December 2022 5,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 18,640 -
Amounts owed by group undertakings 1,057,065 775,192
Other debtors 11,063 2,751
Tax - 24,794
Deferred tax asset 4,689 4,689
Prepayments and accrued income 5,698 14,447
1,097,155 821,873

6. CASH AT BANK
2023 2022
£ £
Bank account no. 1 615,391 489,327

ASTREYA LIMITED (REGISTERED NUMBER: 07741070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 13,086
Corporation tax 60,399 -
Other creditors 404,776 296,879
Accruals and deferred income 5,923 14,536
Accrued expenses - 1
471,098 324,502

8. FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in the recognition off 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. Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Benjamin Burch (Senior Statutory Auditor)
for and on behalf of Randall & Payne LLP

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Astreya Partners, Inc., a company incorporated in the United States of America. The smallest group in which the results of the company are consolidated is that headed by Astreya Partners, Inc. The registered office of Astreya Partners, Inc. is 2033 Gateway Place Ste 500, San Jose, CA., 95110 USA.