Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false02023-07-01No description of principal activity0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12684036 2023-07-01 2024-06-30 12684036 2022-07-01 2023-06-30 12684036 2024-06-30 12684036 2023-06-30 12684036 c:Director1 2023-07-01 2024-06-30 12684036 d:OfficeEquipment 2023-07-01 2024-06-30 12684036 d:OfficeEquipment 2024-06-30 12684036 d:OfficeEquipment 2023-06-30 12684036 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12684036 d:CurrentFinancialInstruments 2024-06-30 12684036 d:CurrentFinancialInstruments 2023-06-30 12684036 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12684036 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12684036 d:ShareCapital 2024-06-30 12684036 d:ShareCapital 2023-06-30 12684036 d:RetainedEarningsAccumulatedLosses 2024-06-30 12684036 d:RetainedEarningsAccumulatedLosses 2023-06-30 12684036 c:FRS102 2023-07-01 2024-06-30 12684036 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12684036 c:FullAccounts 2023-07-01 2024-06-30 12684036 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12684036 2 2023-07-01 2024-06-30 12684036 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12684036










SABANELLO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SABANELLO LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SABANELLO LTD
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sabanello Ltd for the year ended 30 June 2024 which comprise  the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the director of Sabanello Ltd in accordance with the terms of our engagement letter dated 19 June 2020Our work has been undertaken solely to prepare for your approval the financial statements of Sabanello Ltd and state those matters that we have agreed to state to the director of Sabanello Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sabanello Ltd and its director for our work or for this report. 

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

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

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
7 December 2024
Page 1

 
SABANELLO LTD
REGISTERED NUMBER: 12684036

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
5,469
6,693

 
CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,024
-

Cash at bank and in hand
 6 
9,317
36,046

  
10,341
36,046

Creditors: amounts falling due within one year
 7 
(3,505)
(12,915)

NET CURRENT ASSETS
  
 
 
6,836
 
 
23,131

  

NET ASSETS
  
12,305
29,824


CAPITAL AND RESERVES
  

Called up share capital 
  
10
10

Profit and loss account
  
12,295
29,814

  
12,305
29,824


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 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 7 December 2024.



Y SABAN
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SABANELLO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.ACCOUNTING POLICIES

 
1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

INTEREST INCOME

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

 
1.4

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 3

 
SABANELLO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.ACCOUNTING POLICIES (CONTINUED)


1.4
TANGIBLE FIXED ASSETS (CONTINUED)

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%

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.

 
1.5

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.

 
1.6

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.

 
1.7

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.

 
1.8

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.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates an underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and futre periods.

Page 4

 
SABANELLO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


EMPLOYEES




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 July 2023
10,217


Additions
599



At 30 June 2024

10,816



DEPRECIATION


At 1 July 2023
3,524


Charge for the year on owned assets
1,823



At 30 June 2024

5,347



NET BOOK VALUE



At 30 June 2024
5,469



At 30 June 2023
6,693


5.


DEBTORS

2024
2023
£
£


Trade debtors
240
-

Prepayments and accrued income
784
-

1,024
-


Page 5

 
SABANELLO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
9,317
36,046



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other taxation and social security
40
-

Director's loan account
2,415
11,789

Accruals and deferred income
1,050
1,126

3,505
12,915



Page 6