Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-314false2024-01-01falseNot-for-profit company established to conduct research with other public bodies, academic institutions and research firms into the various doorways into consciousness and mindfulness.4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12447919 2024-01-01 2024-12-31 12447919 2023-01-01 2023-12-31 12447919 2024-12-31 12447919 2023-12-31 12447919 c:Director2 2024-01-01 2024-12-31 12447919 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 12447919 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12447919 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 12447919 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 12447919 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 12447919 d:CurrentFinancialInstruments 2024-12-31 12447919 d:CurrentFinancialInstruments 2023-12-31 12447919 d:Non-currentFinancialInstruments 2024-12-31 12447919 d:Non-currentFinancialInstruments 2023-12-31 12447919 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12447919 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12447919 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12447919 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12447919 d:RetainedEarningsAccumulatedLosses 2024-12-31 12447919 d:RetainedEarningsAccumulatedLosses 2023-12-31 12447919 c:FRS102 2024-01-01 2024-12-31 12447919 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12447919 c:FullAccounts 2024-01-01 2024-12-31 12447919 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 12447919 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12447919 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12447919 2 2024-01-01 2024-12-31 12447919 d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12447919 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12447919 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12447919 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12447919










SARSEN CIRCLE LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SARSEN CIRCLE LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12447919

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
19,317
10,479

  
19,317
10,479

Current assets
  

Debtors: amounts falling due within one year
 5 
2,497
7,200

Cash at bank and in hand
 6 
276
11,588

  
2,773
18,788

Creditors: amounts falling due within one year
 7 
-
(11,403)

Net current assets
  
 
 
2,773
 
 
7,385

Total assets less current liabilities
  
22,090
17,864

Creditors: amounts falling due after more than one year
 8 
(107,800)
(107,800)

  

Net liabilities
  
(85,710)
(89,936)


Capital and reserves
  

Profit and loss account
  
(85,710)
(89,936)

  
(85,710)
(89,936)


Page 1

 
SARSEN CIRCLE LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12447919
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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: 




G B Hughes
Director

Date: 24 February 2025

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

Page 2

 
SARSEN CIRCLE LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Sarsen Circle Limited is a private company limited by guarantee and incorporated in England and Wales.
The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

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.

 
2.3

Interest income

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

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
10
years

Page 3

 
SARSEN CIRCLE LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried 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 debtors 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 instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment
Page 4

 
SARSEN CIRCLE LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 5

 
SARSEN CIRCLE LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Intellectual Property
Trademarks
Total

£
£
£



Cost


At 1 January 2024
-
12,807
12,807


Additions
10,000
-
10,000



At 31 December 2024

10,000
12,807
22,807



Amortisation


At 1 January 2024
-
2,328
2,328


Charge for the year
-
1,162
1,162



At 31 December 2024

-
3,490
3,490



Net book value



At 31 December 2024
10,000
9,317
19,317



At 31 December 2023
-
10,479
10,479




5.


Debtors

2024
2023
£
£


Trade debtors
-
7,200

Other debtors
2,497
-

2,497
7,200


Page 6

 
SARSEN CIRCLE LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
276
11,588

276
11,588



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
1,200

Other creditors
-
4,703

Accruals and deferred income
-
5,500

-
11,403



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
107,800
107,800

107,800
107,800


 
Page 7