Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11108497 2023-07-01 2024-06-30 11108497 2022-07-01 2023-06-30 11108497 2024-06-30 11108497 2023-06-30 11108497 2022-07-01 11108497 c:Director1 2023-07-01 2024-06-30 11108497 d:CurrentFinancialInstruments 2024-06-30 11108497 d:CurrentFinancialInstruments 2023-06-30 11108497 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11108497 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11108497 d:ShareCapital 2023-07-01 2024-06-30 11108497 d:ShareCapital 2024-06-30 11108497 d:ShareCapital 2022-07-01 2023-06-30 11108497 d:ShareCapital 2023-06-30 11108497 d:ShareCapital 2022-07-01 11108497 d:OtherMiscellaneousReserve 2023-07-01 2024-06-30 11108497 d:OtherMiscellaneousReserve 2024-06-30 11108497 d:OtherMiscellaneousReserve 2022-07-01 2023-06-30 11108497 d:OtherMiscellaneousReserve 2023-06-30 11108497 d:OtherMiscellaneousReserve 2022-07-01 11108497 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 11108497 d:RetainedEarningsAccumulatedLosses 2024-06-30 11108497 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 11108497 d:RetainedEarningsAccumulatedLosses 2023-06-30 11108497 d:RetainedEarningsAccumulatedLosses 2022-07-01 11108497 c:FRS102 2023-07-01 2024-06-30 11108497 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11108497 c:FullAccounts 2023-07-01 2024-06-30 11108497 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11108497 2 2023-07-01 2024-06-30 11108497 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11108497









STERLINGBRIDGE FINANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
STERLINGBRIDGE FINANCE LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERLINGBRIDGE FINANCE LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

You consider that the Company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 7 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Eclipse Consultancy Limited
 
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
12 March 2025
Page 1

 
STERLINGBRIDGE FINANCE LIMITED
REGISTERED NUMBER: 11108497

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
19,482,019
21,637,531

Cash at bank and in hand
 4 
2,670
1,064

  
19,484,689
21,638,595

Creditors: amounts falling due within one year
 5 
(410,630)
(241,200)

Net current assets
  
 
 
19,074,059
 
 
21,397,395

Total assets less current liabilities
  
19,074,059
21,397,395

  

Net assets
  
19,074,059
21,397,395


Capital and reserves
  

Called up share capital 
  
8,632,333
8,632,333

Redeemable Preference Shares
 6 
4,540,619
7,954,888

Profit and loss account
 6 
5,901,107
4,810,174

  
19,074,059
21,397,395


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: 




................................................
Chetan Vinodrai Shukla
Director
Page 2

 
STERLINGBRIDGE FINANCE LIMITED
REGISTERED NUMBER: 11108497
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Date: 12 March 2025

The notes on pages 5 to 7 form part of these financial statements.

Page 3

 

 
STERLINGBRIDGE FINANCE LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Other reserves
Profit and loss account
Total equity


£
£
£
£



At 1 July 2022
8,632,333
12,824,955
3,886,221
25,343,509



Comprehensive income for the year


Profit for the year
-
-
923,953
923,953

Total comprehensive income for the year
-
-
923,953
923,953



Contributions by and distributions to owners


Shares redeemed
-
(4,870,067)
-
(4,870,067)



Total transactions with owners
-
(4,870,067)
-
(4,870,067)





At 1 July 2023
8,632,333
7,954,888
4,810,174
21,397,395



Comprehensive income for the year


Profit for the year
-
-
1,090,933
1,090,933

Total comprehensive income for the year
-
-
1,090,933
1,090,933



Contributions by and distributions to owners


Shares redeemed
-
(3,414,269)
-
(3,414,269)



Total transactions with owners
-
(3,414,269)
-
(3,414,269)



At 30 June 2024
8,632,333
4,540,619
5,901,107
19,074,059



Page 4

 

 
STERLINGBRIDGE FINANCE LIMITED


 


STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

The notes on pages 5 to 7 form part of these financial statements.


1.


General information

Sterlingbridge Finance Limited is a private company limited by shares and incorporated in England. 
Its registered office is : 106 Lower Addiscombe Road,Croydon,Surrey,CR0 6AD and its registered company number is : 11108497

 
1.1

Interest income

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

 
1.2

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.

 
1.3

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.

 
1.4

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.

Page 5

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

.Accounting policies (continued)

 
1.5

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.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


3.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
19,327,143
21,637,373

Other debtors
154,714
-

Prepayments and accrued income
162
158

19,482,019
21,637,531



4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,670
1,064

2,670
1,064



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15
-

Corporation tax
363,640
238,200

Accruals and deferred income
46,975
3,000

410,630
241,200


Page 6

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

6.


Reserves

Preference Shares

Redeemable preference shares             2024              2023
                                                                 £                   £
At 1 July 2023                                      7,954,888      12,824,955
Shares redeemed                                 (3,414,269)     (4,870,067)
At 30 June 2024                                    4,540,619       7,954,888


7.


Related party transactions

SB Properties Limited :
SB Properties Limited owed the company Ltd £8,251,330 (2023 - £11,665,599)  loan repayable on
demand and the intrest recievable on the same till date is £1,511,099 (2023 - £1,023,887)
Forest Hill Limited :
Forest Hill Limited Limited owed the company Ltd £2,226,453 (2023 - £2,226,453)  loan repayable on
demand and the intrest recievable on the same till date is £759,216 (2023 - £563,867)
.
SB Property Development Limited :
SB Property Development Limited owed the company Ltd £4,803,770 (2023 - £4,803,770)  loan repayable on demand and the intrest recievable on the same till date is £1,638,076 (2023 - £1,216,594).
There is also an intercompany balance of £137,000 (2023 - £137,000) recievable from SB Property Development Limited.
Rapid Forest Hill Limited:
There is n intercompany balance of £198 (2023 - £198) recievable from Rapid Forest Hill Limited
Mitesh Shukla:
An amount of £154,714 (2023- £ Nil) is recievable from Mitesh Shukla on demand, who is also a director of group companies Healthcare Limited and CKMA Ltd.


8.


Controlling party

The company is a wholly owned subsidiary of Sterlingbridge Investment Group Limited, a
company incorporated in England. Their registered office is 106 Lower Addiscombe Road,
Croydon, Surrey CR0 6AD.

 
Page 7