Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-315truefalse2023-04-01falseNo description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11257996 2023-04-01 2024-03-31 11257996 2022-04-01 2023-03-31 11257996 2024-03-31 11257996 2023-03-31 11257996 c:Director1 2023-04-01 2024-03-31 11257996 d:OfficeEquipment 2023-04-01 2024-03-31 11257996 d:OfficeEquipment 2024-03-31 11257996 d:OfficeEquipment 2023-03-31 11257996 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11257996 d:ComputerEquipment 2023-04-01 2024-03-31 11257996 d:ComputerEquipment 2024-03-31 11257996 d:ComputerEquipment 2023-03-31 11257996 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11257996 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11257996 d:CurrentFinancialInstruments 2024-03-31 11257996 d:CurrentFinancialInstruments 2023-03-31 11257996 d:Non-currentFinancialInstruments 2024-03-31 11257996 d:Non-currentFinancialInstruments 2023-03-31 11257996 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11257996 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11257996 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11257996 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11257996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11257996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11257996 d:ShareCapital 2024-03-31 11257996 d:ShareCapital 2023-03-31 11257996 d:SharePremium 2024-03-31 11257996 d:SharePremium 2023-03-31 11257996 d:RetainedEarningsAccumulatedLosses 2024-03-31 11257996 d:RetainedEarningsAccumulatedLosses 2023-03-31 11257996 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11257996 c:OrdinaryShareClass1 2024-03-31 11257996 c:OrdinaryShareClass1 2023-03-31 11257996 c:FRS102 2023-04-01 2024-03-31 11257996 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11257996 c:FullAccounts 2023-04-01 2024-03-31 11257996 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11257996 2 2023-04-01 2024-03-31 11257996 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11257996









ESTARI LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ESTARI LTD
REGISTERED NUMBER: 11257996

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,404
2,282

Current assets
  

Debtors: amounts falling due within one year
 5 
6,306
2,978

Cash at bank and in hand
 6 
11,607
47,648

  
17,913
50,626

Creditors: amounts falling due within one year
 7 
(144,550)
(80,218)

Net current liabilities
  
 
 
(126,637)
 
 
(29,592)

Total assets less current liabilities
  
(125,233)
(27,310)

Creditors: amounts falling due after more than one year
 8 
(750,000)
(750,000)

Net liabilities
  
(875,233)
(777,310)


Capital and reserves
  

Called up share capital 
 10 
1,200
1,200

Share premium account
  
199,800
199,800

Profit and loss account
  
(1,076,233)
(978,310)

  
(875,233)
(777,310)


Page 1

 
ESTARI LTD
REGISTERED NUMBER: 11257996
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 year 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 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 by: 




J B Oldenhove De Guertechin
Director

Date: 24 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The legal form of the entity is a private company limited by shares and is incorporated and domiciled in England and Wales.  The address of the company's registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The company registration number is 11257996.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

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.

The estimated useful lives range as follows:

Office equipment
-
25% reducing balance method
Computer equipment
-
3 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.

Page 4

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

2024
2023
£
£

Wages and salaries
269,833
444,257

Social security costs
28,575
56,391

Cost of defined contribution scheme
3,389
6,050

301,797
506,698


The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
233
9,651
9,884



At 31 March 2024

233
9,651
9,884



Depreciation


At 1 April 2023
132
7,470
7,602


Charge for the year on owned assets
25
853
878



At 31 March 2024

157
8,323
8,480



Net book value



At 31 March 2024
76
1,328
1,404



At 31 March 2023
101
2,181
2,282

Page 5

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Other debtors
4,587
2,978

Prepayments and accrued income
1,719
-

6,306
2,978



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,607
47,648

11,607
47,648



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,137
3,376

Other taxation and social security
28,663
18,242

Other creditors
21,969
6,116

Accruals and deferred income
89,781
52,484

144,550
80,218



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
750,000
750,000

750,000
750,000


Page 6

 
ESTARI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due 2-5 years

Other loans
750,000
750,000



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,200 (2023 - 1,200) Ordinary shares of £1.00 each
1,200
1,200


 
Page 7