Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-04-01false.33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08476517 2023-04-01 2024-07-31 08476517 2022-04-01 2023-03-31 08476517 2024-07-31 08476517 2023-03-31 08476517 c:Director1 2023-04-01 2024-07-31 08476517 d:OfficeEquipment 2023-04-01 2024-07-31 08476517 d:OfficeEquipment 2024-07-31 08476517 d:OfficeEquipment 2023-03-31 08476517 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-07-31 08476517 d:CurrentFinancialInstruments 2024-07-31 08476517 d:CurrentFinancialInstruments 2023-03-31 08476517 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08476517 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08476517 d:ShareCapital 2024-07-31 08476517 d:ShareCapital 2023-03-31 08476517 d:RetainedEarningsAccumulatedLosses 2024-07-31 08476517 d:RetainedEarningsAccumulatedLosses 2023-03-31 08476517 c:OrdinaryShareClass1 2023-04-01 2024-07-31 08476517 c:OrdinaryShareClass1 2024-07-31 08476517 c:OrdinaryShareClass1 2023-03-31 08476517 c:FRS102 2023-04-01 2024-07-31 08476517 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-07-31 08476517 c:FullAccounts 2023-04-01 2024-07-31 08476517 c:PrivateLimitedCompanyLtd 2023-04-01 2024-07-31 08476517 e:PoundSterling 2023-04-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08476517









STRANGE GOINGS ON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
STRANGE GOINGS ON LTD
REGISTERED NUMBER: 08476517

BALANCE SHEET
AS AT 31 JULY 2024

31 July
31 March
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,281
2,305

  
1,281
2,305

Current assets
  

Debtors: amounts falling due within one year
 5 
75,613
196,102

Cash at bank and in hand
 6 
4,479
7,470

  
80,092
203,572

Creditors: amounts falling due within one year
 7 
(299,998)
(989,225)

Net current liabilities
  
 
 
(219,906)
 
 
(785,653)

Total assets less current liabilities
  
(218,625)
(783,348)

  

Net liabilities
  
(218,625)
(783,348)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(218,725)
(783,448)

  
(218,625)
(783,348)


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 period 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 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 on 6 March 2025.


Page 1

 
STRANGE GOINGS ON LTD
REGISTERED NUMBER: 08476517
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024



D J Smith Esq
Director

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

Page 2

 
STRANGE GOINGS ON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

The company is incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principal activity of the company is that of derivative trading of oil in the US and European markets.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

  
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of derivatives traded over the period. Turnover is recognised gross of all fees and commissions and relates entirely to derivative instruments. These derivative instruments are recognised in accordance with the historic cost convention, and not at fair values, through the profit and loss account.

Page 3

 
STRANGE GOINGS ON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

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:

Office equipment
-
33.3% straight line basis

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
STRANGE GOINGS ON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 3).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 April 2023
6,745



At 31 July 2024

6,745



Depreciation


At 1 April 2023
4,440


Charge for the year
1,024



At 31 July 2024

5,464



Net book value



At 31 July 2024
1,281



At 31 March 2023
2,305

Page 5

 
STRANGE GOINGS ON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Debtors

31 July
31 March
2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
1,800
-

Other debtors
73,399
195,876

Prepayments and accrued income
414
226

75,613
196,102


Included in other debtors are financial instuments. These have been recorded at cost of £73,399 (2023: £195,876). The fair value as at 31 July 2024 was £73,399 (2023: £195,876).


6.


Cash and cash equivalents

31 July
31 March
2024
2023
£
£

Cash at bank and in hand
4,479
7,470

4,479
7,470



7.


Creditors: Amounts falling due within one year

31 July
31 March
2024
2023
£
£

Other taxation and social security
43
42

Other creditors
296,655
982,583

Accruals
3,300
6,600

299,998
989,225



8.


Share capital

31 July
31 March
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 6

 
STRANGE GOINGS ON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

9.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £1,960 (2023: £1,784). 

 
Page 7