Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-01-184falsetrueNo description of principal activity0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14601220 2023-01-17 14601220 2023-01-18 2024-01-31 14601220 2022-01-18 2023-01-17 14601220 2024-01-31 14601220 c:Director1 2023-01-18 2024-01-31 14601220 c:Director1 2024-01-31 14601220 c:Director2 2023-01-18 2024-01-31 14601220 c:Director2 2024-01-31 14601220 c:Director3 2023-01-18 2024-01-31 14601220 c:Director3 2024-01-31 14601220 c:Director4 2023-01-18 2024-01-31 14601220 c:Director4 2024-01-31 14601220 c:RegisteredOffice 2023-01-18 2024-01-31 14601220 d:CurrentFinancialInstruments 2024-01-31 14601220 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14601220 d:ShareCapital 2024-01-31 14601220 d:RetainedEarningsAccumulatedLosses 2024-01-31 14601220 c:FRS102 2023-01-18 2024-01-31 14601220 c:AuditExempt-NoAccountantsReport 2023-01-18 2024-01-31 14601220 c:FullAccounts 2023-01-18 2024-01-31 14601220 c:PrivateLimitedCompanyLtd 2023-01-18 2024-01-31 14601220 2 2023-01-18 2024-01-31 14601220 e:PoundSterling 2023-01-18 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 14601220







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024


SASTRA ARTS LIMITED






































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SASTRA ARTS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr P Byrne (appointed 18 January 2023)
Mr J Cronin (appointed 18 January 2023)
Mr P C Kingsley (appointed 18 January 2023)
Mr P D Supple (appointed 18 January 2023)




Registered number
14601220



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


SASTRA ARTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 4


 


SASTRA ARTS LIMITED
REGISTERED NUMBER:14601220



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
942

Cash at bank and in hand
  
8

  
950

Creditors: amounts falling due within one year
 5 
(6,184)

Net current (liabilities)/assets
  
 
 
(5,234)

Total assets less current liabilities
  
(5,234)

  

Net (liabilities)/assets
  
(5,234)

Page 1

 


SASTRA ARTS LIMITED
REGISTERED NUMBER:14601220


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

2024
Note
£

Capital and reserves
  

Called up share capital 
  
700

Profit and loss account
  
(5,934)

  
(5,234)


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 period 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 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: 




Mr P C Kingsley
Director

Date: 18 October 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


SASTRA ARTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Sastra Arts Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The accounts have been prepared over an extended period from the date of incorporation 18 January 2023 to the year end date 31 January 2024

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

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.

 
2.4

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.

 
2.5

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.

Page 3

 


SASTRA ARTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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 Statement of Financial Position 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 financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Debtors

2024
£


Prepayments and accrued income
942

942



5.


Creditors: Amounts falling due within one year

2024
£

Other creditors
4,564

Accruals and deferred income
1,620

6,184


 
Page 4