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REGISTERED NUMBER: 08365858 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

STRATEGEASE LTD

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


STRATEGEASE LTD

Company Information
for the year ended 31 January 2024







DIRECTORS: R D C Tidswell
A H Tidswell





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 08365858 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Report of the Directors
for the year ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

R D C Tidswell
A H Tidswell

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R D C Tidswell - Director


30 October 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Strategease Ltd


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Strategease Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Strategease Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strategease Ltd and state those matters that we have agreed to state to the Board of Directors of Strategease Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strategease Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Strategease Ltd 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 Strategease Ltd. You consider that Strategease Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Strategease Ltd. 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


30 October 2024

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Income Statement
for the year ended 31 January 2024

2024 2023
Notes £    £   

TURNOVER 106,578 102,177

Cost of sales 18,267 13,677
GROSS PROFIT 88,311 88,500

Administrative expenses 54,038 72,452
OPERATING PROFIT 34,273 16,048

Interest receivable and similar income 746 88
35,019 16,136

Interest payable and similar expenses 1,200 995
PROFIT BEFORE TAXATION 33,819 15,141

Tax on profit 4 7,472 4,433
PROFIT FOR THE FINANCIAL YEAR 26,347 10,708

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,785 3,316
2,785 3,316

CURRENT ASSETS
Debtors 7 25,734 16,447
Cash at bank 26,113 43,686
51,847 60,133
CREDITORS
Amounts falling due within one year 8 45,832 45,768
NET CURRENT ASSETS 6,015 14,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,800

17,681

CREDITORS
Amounts falling due after more than one
year

9

(6,667

)

(11,667

)

PROVISIONS FOR LIABILITIES 10 (529 ) (757 )
NET ASSETS 1,604 5,257

CAPITAL AND RESERVES
Called up share capital 11 22 22
Retained earnings 1,582 5,235
SHAREHOLDERS' FUNDS 1,604 5,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Balance Sheet - continued
31 January 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





R D C Tidswell - Director


STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Statement of Changes in Equity
for the year ended 31 January 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 22 9,527 9,549

Changes in equity
Dividends - (15,000 ) (15,000 )
Total comprehensive income - 10,708 10,708
Balance at 31 January 2023 22 5,235 5,257

Changes in equity
Dividends - (30,000 ) (30,000 )
Total comprehensive income - 26,347 26,347
Balance at 31 January 2024 22 1,582 1,604

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Strategease Ltd 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.

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 represents net invoices sales of services, excluding value added tax.

Turnover is recognised when services are rendered, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets were amortised evenly over the estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.


STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Critical accounting estimates and judgements
No significant judgements or key assumptions have had to be made by the directors in preparing these finalcial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 7,659 4,464
Over/ Under provision of CT 41 -
Total current tax 7,700 4,464

Deferred tax (228 ) (31 )
Tax on profit 7,472 4,433

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 February 2023
and 31 January 2024 40,000
AMORTISATION
At 1 February 2023
and 31 January 2024 40,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 February 2023 7,852
Additions 166
At 31 January 2024 8,018
DEPRECIATION
At 1 February 2023 4,536
Charge for year 697
At 31 January 2024 5,233
NET BOOK VALUE
At 31 January 2024 2,785
At 31 January 2023 3,316

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Franchise Costs 21,540 5,728
Other debtors 4,194 10,719
25,734 16,447

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 10,111 13,311
Taxation and social security 15,276 16,642
Other creditors 15,445 10,815
45,832 45,768

Included in creditors more than one year is £5,000 (2023:£5,000) Coronavirus Business Interruption Loan that is secured by the government.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 11,667

Included in creditors more than one year is £6,667 (2023:£11,667) Coronavirus Business Interruption Loan that is secured by the government.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 529 757

Deferred
tax
£   
Balance at 1 February 2023 757
Accelerated capital allowances (228 )
Balance at 31 January 2024 529

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
Value:
2024
£
2023
£
10 Ordinary A £1 10 10
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
10 Ordinary D £1 10 10
22 22

Each share is entitled to one vote in any circumstance, a dividend payment or any other distribution, and is entitled to participate in a distribution arising from a winding up of the company.

STRATEGEASE LTD (REGISTERED NUMBER: 08365858)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Directors owed the company £3,920 (2023: £10,233), advances of £38,337 and repayments of £44,650. This loan is repayable on demand.
Interest of £533.84 has been charged at 2%.