Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-300The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseSoftware development0truetruefalse 13440339 2023-07-01 2024-06-30 13440339 2022-07-01 2023-06-30 13440339 2024-06-30 13440339 2023-06-30 13440339 c:Director1 2023-07-01 2024-06-30 13440339 d:FurnitureFittings 2023-07-01 2024-06-30 13440339 d:FurnitureFittings 2024-06-30 13440339 d:FurnitureFittings 2023-06-30 13440339 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13440339 d:CurrentFinancialInstruments 2024-06-30 13440339 d:CurrentFinancialInstruments 2023-06-30 13440339 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13440339 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13440339 d:ShareCapital 2024-06-30 13440339 d:ShareCapital 2023-06-30 13440339 d:RetainedEarningsAccumulatedLosses 2024-06-30 13440339 d:RetainedEarningsAccumulatedLosses 2023-06-30 13440339 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 13440339 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 13440339 c:FRS102 2023-07-01 2024-06-30 13440339 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13440339 c:FullAccounts 2023-07-01 2024-06-30 13440339 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13440339 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 13440339









STORMKESTREL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
STORMKESTREL LIMITED
REGISTERED NUMBER: 13440339

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,208

  
-
1,208

Current assets
  

Debtors: amounts falling due within one year
 5 
137
4,959

Cash at bank and in hand
 6 
877
3,148

  
1,014
8,107

Creditors: amounts falling due within one year
 7 
(30,933)
(26,211)

Net current liabilities
  
 
 
(29,919)
 
 
(18,104)

Total assets less current liabilities
  
(29,919)
(16,896)

  

Net liabilities
  
(29,919)
(16,896)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(29,921)
(16,898)

  
(29,919)
(16,896)


Page 1

 
STORMKESTREL LIMITED
REGISTERED NUMBER: 13440339
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 income and retained earnings 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 5 March 2025.




................................................
Richard Gordon
Director

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

Page 2

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

1.


General information

Stormkestrel Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of simulation software development. 

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

The accounts have been prepared on a going concern basis. This assumes the continuing support of its directors, which they have pledged for the foreseeable future.

 
2.3

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.

 
2.4

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

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight line

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.

 
2.5

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.

 
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. 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.

 
2.7

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.

 
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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
STORMKESTREL LIMITED
 
 
 
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





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
3,624



At 30 June 2024

3,624



Depreciation


At 1 July 2023
2,416


Charge for the year on owned assets
1,208



At 30 June 2024

3,624



Net book value



At 30 June 2024
-



At 30 June 2023
1,208

Page 5

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

5.


Debtors

2024
2023
£
£


Trade debtors
-
4,875

Other debtors
137
84

137
4,959



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
877
3,148

877
3,148



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
29,773
25,096

Accruals and deferred income
1,160
1,115

30,933
26,211


Page 6

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

8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
877
3,148




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Controlling party

There is no overall controlling party.
 
Page 7