Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the company continued to be that of the provision of banking and payment solutions throughout the UK and Europe.11truetrue 07746551 2023-04-01 2024-03-31 07746551 2022-04-01 2023-03-31 07746551 2024-03-31 07746551 2023-03-31 07746551 2022-04-01 07746551 c:Director2 2023-04-01 2024-03-31 07746551 d:ComputerEquipment 2023-04-01 2024-03-31 07746551 d:ComputerEquipment 2024-03-31 07746551 d:ComputerEquipment 2023-03-31 07746551 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07746551 d:CurrentFinancialInstruments 2024-03-31 07746551 d:CurrentFinancialInstruments 2023-03-31 07746551 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07746551 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07746551 d:ShareCapital 2024-03-31 07746551 d:ShareCapital 2022-04-01 2023-03-31 07746551 d:ShareCapital 2023-03-31 07746551 d:ShareCapital 2022-04-01 07746551 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07746551 d:RetainedEarningsAccumulatedLosses 2024-03-31 07746551 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07746551 d:RetainedEarningsAccumulatedLosses 2023-03-31 07746551 d:RetainedEarningsAccumulatedLosses 2022-04-01 07746551 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 07746551 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 07746551 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07746551 c:OrdinaryShareClass1 2024-03-31 07746551 c:OrdinaryShareClass1 2023-03-31 07746551 c:FRS102 2023-04-01 2024-03-31 07746551 c:Audited 2023-04-01 2024-03-31 07746551 c:FullAccounts 2023-04-01 2024-03-31 07746551 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07746551 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07746551 2 2023-04-01 2024-03-31 07746551 7 2023-04-01 2024-03-31 07746551 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07746551









YALAMANCHILI INTERNATIONAL UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
YALAMANCHILI INTERNATIONAL UK LIMITED
REGISTERED NUMBER: 07746551

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
433
-

  
433
-

Current assets
  

Debtors: amounts falling due within one year
 5 
96,600
75,130

Cash at bank and in hand
 6 
1,200,834
1,136,188

  
1,297,434
1,211,318

Creditors: amounts falling due within one year
 7 
(47,957)
(70,405)

Net current assets
  
 
 
1,249,477
 
 
1,140,913

Total assets less current liabilities
  
1,249,910
1,140,913

  

Net assets
  
1,249,910
1,140,913


Capital and reserves
  

Called up share capital 
 9 
550,000
550,000

Profit and loss account
  
699,910
590,913

  
1,249,910
1,140,913


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 28 October 2024.




Mr R MOLE
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 1

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
550,000
418,731
968,731


Comprehensive income for the year

Profit for the year
-
172,182
172,182
Total comprehensive income for the year
-
172,182
172,182



At 1 April 2023
550,000
590,913
1,140,913


Comprehensive income for the year

Profit for the year
-
108,997
108,997


At 31 March 2024
550,000
699,910
1,249,910


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Yalamanchili International UK Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 6th Floor, One London Wall, London, EC2Y 5EB. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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:

Software sales
Revenue from direct software sales to end-users is recognised on a milestone basis once a non-cancellable purchase order or contract has been received, and the product has been delivered to the customer.
Maintenance revenues
Maintenance revenues are recognised over the period of the contract on a pro-rata basis on a fee per transaction basis.
Professional services
Revenue from professional services is recognised following provision of those services on an hours  completed basis and on a project percentage complete basis.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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 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.

 
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.

Page 4

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
5 years

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.12

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 Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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
Page 5

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
541



At 31 March 2024

541



Depreciation


Charge for the year on owned assets
108



At 31 March 2024

108



Net book value



At 31 March 2024
433



At 31 March 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
81,400
49,150

Other debtors
12,961
25,759

Prepayments and accrued income
1,377
221

Tax recoverable
862
-

96,600
75,130


Page 7

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Bank and cash balances
1,200,834
1,136,188

1,200,834
1,136,188



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,264
1,893

Corporation tax
36,492
41,046

Other taxation and social security
-
433

Other creditors
600
-

Accruals and deferred income
8,601
27,033

47,957
70,405



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,200,834
1,136,188




9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



550,000 (2023 - 550,000) Ordinary shares of £1.00 each
550,000
550,000



10.


Controlling party

Yalamanchili International Pte Ltd. is the parent of the smallest group for which consolidated financial 
statements which include the results of Yalamanchili International UK Limited are prepared. Copies can be obtained from 26 Sin Ming Lane, #05-121 Midview City, Singapore 573971.
Page 8

 
YALAMANCHILI INTERNATIONAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 28 October 2024 by Cecile Chabert (Senior Statutory Auditor) on behalf of Thakur-Chabert Limited.

 
Page 9