Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mark William Dewdney Gebhardt 15/04/2021 Anthony David Robinson 15/04/2021 Julian Smith 15/04/2021 18 February 2025 The principal activity of the Company during the financial period was that of business and technology solutions. 13337558 2024-09-30 13337558 bus:Director1 2024-09-30 13337558 bus:Director2 2024-09-30 13337558 bus:Director3 2024-09-30 13337558 2023-09-30 13337558 core:CurrentFinancialInstruments 2024-09-30 13337558 core:CurrentFinancialInstruments 2023-09-30 13337558 core:ShareCapital 2024-09-30 13337558 core:ShareCapital 2023-09-30 13337558 core:RetainedEarningsAccumulatedLosses 2024-09-30 13337558 core:RetainedEarningsAccumulatedLosses 2023-09-30 13337558 core:ComputerEquipment 2023-09-30 13337558 core:ComputerEquipment 2024-09-30 13337558 core:ImmediateParent core:CurrentFinancialInstruments 2024-09-30 13337558 core:ImmediateParent core:CurrentFinancialInstruments 2023-09-30 13337558 bus:OrdinaryShareClass1 2024-09-30 13337558 2023-10-01 2024-09-30 13337558 bus:FilletedAccounts 2023-10-01 2024-09-30 13337558 bus:SmallEntities 2023-10-01 2024-09-30 13337558 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13337558 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13337558 bus:Director1 2023-10-01 2024-09-30 13337558 bus:Director2 2023-10-01 2024-09-30 13337558 bus:Director3 2023-10-01 2024-09-30 13337558 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 13337558 2022-10-01 2023-09-30 13337558 core:ComputerEquipment 2023-10-01 2024-09-30 13337558 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 13337558 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13337558 (England and Wales)

SARATOGA SOFTWARE (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

SARATOGA SOFTWARE (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

SARATOGA SOFTWARE (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
SARATOGA SOFTWARE (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,065 638
2,065 638
Current assets
Debtors 4 93,493 94,546
Cash at bank and in hand 389,635 113,420
483,128 207,966
Creditors: amounts falling due within one year 5 ( 372,659) ( 141,299)
Net current assets 110,469 66,667
Total assets less current liabilities 112,534 67,305
Provision for liabilities ( 99) ( 99)
Net assets 112,435 67,206
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 112,335 67,106
Total shareholder's funds 112,435 67,206

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Saratoga Software (UK) Limited (registered number: 13337558) were approved and authorised for issue by the Board of Directors on 18 February 2025. They were signed on its behalf by:

Mark William Dewdney Gebhardt
Director
SARATOGA SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
SARATOGA SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Saratoga Software (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is 40 Kingsway House, Foregate Street, Worcester, WR1 1EE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 5

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 October 2023 919 919
Additions 2,013 2,013
At 30 September 2024 2,932 2,932
Accumulated depreciation
At 01 October 2023 281 281
Charge for the financial year 586 586
At 30 September 2024 867 867
Net book value
At 30 September 2024 2,065 2,065
At 30 September 2023 638 638

4. Debtors

2024 2023
£ £
Trade debtors 92,019 93,979
Prepayments 1,474 567
93,493 94,546

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 79 175
Amounts owed to Group undertakings 8,304 0
Amounts owed to Parent undertakings 266,481 77,867
Accruals and deferred income 51,102 28,446
Taxation and social security 46,125 28,371
Other creditors 568 6,440
372,659 141,299

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.10 each 100 100