Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activityfalse02023-05-02true0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14839294 2023-05-01 14839294 2023-05-02 2024-08-31 14839294 2022-05-02 2023-05-01 14839294 2024-08-31 14839294 c:Director1 2023-05-02 2024-08-31 14839294 d:CurrentFinancialInstruments 2024-08-31 14839294 d:Non-currentFinancialInstruments 2024-08-31 14839294 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14839294 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14839294 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 14839294 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 14839294 d:ShareCapital 2023-05-02 2024-08-31 14839294 d:ShareCapital 2024-08-31 14839294 d:SharePremium 2023-05-02 2024-08-31 14839294 d:SharePremium 2024-08-31 14839294 d:RetainedEarningsAccumulatedLosses 2023-05-02 2024-08-31 14839294 d:RetainedEarningsAccumulatedLosses 2024-08-31 14839294 c:OrdinaryShareClass1 2023-05-02 2024-08-31 14839294 c:OrdinaryShareClass1 2024-08-31 14839294 c:OrdinaryShareClass2 2023-05-02 2024-08-31 14839294 c:OrdinaryShareClass2 2024-08-31 14839294 c:FRS102 2023-05-02 2024-08-31 14839294 c:AuditExempt-NoAccountantsReport 2023-05-02 2024-08-31 14839294 c:FullAccounts 2023-05-02 2024-08-31 14839294 c:PrivateLimitedCompanyLtd 2023-05-02 2024-08-31 14839294 6 2023-05-02 2024-08-31 14839294 e:PoundSterling 2023-05-02 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14839294










SBRC HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 16 MONTH PERIOD ENDED 31 AUGUST 2024

 
SBRC HOLDINGS LTD
REGISTERED NUMBER: 14839294

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
Note
£

Fixed assets
  

Investments
 4 
1,937,833

  
1,937,833

Current assets
  

Debtors: amounts falling due within one year
 5 
80

  
80

Creditors: amounts falling due within one year
 6 
(182,877)

Net current (liabilities)/assets
  
 
 
(182,797)

Total assets less current liabilities
  
1,755,036

Creditors: amounts falling due after more than one year
 8 
(548,631)

  

Net assets
  
1,206,405


Capital and reserves
  

Called up share capital 
 9 
100

Share premium account
  
228,576

Profit and loss account
  
977,729

  
1,206,405


Page 1

 
SBRC HOLDINGS LTD
REGISTERED NUMBER: 14839294

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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 16 month period 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 by: 




N C Down
Director

Date: 31 January 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
SBRC HOLDINGS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 16 MONTH PERIOD ENDED 31 AUGUST 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the 16 month period

Profit for the 16 month period
-
-
995,229
995,229


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(17,500)
(17,500)

Shares issued during the 16 month period
100
228,576
-
228,676


At 31 August 2024
100
228,576
977,729
1,206,405

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
SBRC HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 16 MONTH PERIOD ENDED 31 AUGUST 2024

1.


General information

SBRC Holdings Ltd is a private company, limited by shares and 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

 
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

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.


3.


Employees




The average monthly number of employees, including directors, during the 16 month period was 0.

Page 4

 
SBRC HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 16 MONTH PERIOD ENDED 31 AUGUST 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,937,833



At 31 August 2024
1,937,833





5.


Debtors

2024
£


Other debtors
80

80



6.


Creditors: Amounts falling due within one year

2024
£

Loan notes
182,877

182,877



7.


Creditors: Amounts falling due after more than one year

2024
£

Loan notes
548,631

548,631


Page 5

 
SBRC HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 16 MONTH PERIOD ENDED 31 AUGUST 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Loan notes
182,877


182,877

Amounts falling due 1-2 years

Loan notes
182,877


182,877

Amounts falling due 2-5 years

Loan notes
365,754


365,754


731,508



9.


Share capital

2024
£
Allotted, called up and fully paid


8,000 Ordinary shares of £0.01 each
80
2,000 A Ordinary shares of £0.01 each
20

100


On incorporation 1 Ordinary share of £1 was issued and paid at par.
On 29 August 2023 1 Ordinary share of £1 was sub-divided into 100 Ordinary shares of £0.01.
Also on 29 August 2023, 7,900 Ordinary shares of £0.01 were issued and paid at par and 2,000 A Ordinary shares of £0.01 were issued for total consideration of £228,576.


Page 6