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REGISTERED NUMBER: 10862405 (England and Wales)















Sario Partners Limited

Unaudited Financial Statements

for the year ended

30 June 2024






Sario Partners Limited (Registered number: 10862405)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 4


Sario Partners Limited (Registered number: 10862405)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 6,126 14,399

CURRENT ASSETS
Debtors 5 120,739 248,429
Cash at bank 77,210 99,595
197,949 348,024
CREDITORS
Amounts falling due within one year 6 (356,451 ) (269,086 )
NET CURRENT (LIABILITIES)/ASSETS (158,502 ) 78,938
TOTAL ASSETS LESS CURRENT LIABILITIES (152,376 ) 93,337

CREDITORS
Amounts falling due after more than one year 7 (10,789 ) (20,822 )
NET (LIABILITIES)/ASSETS (163,165 ) 72,515

CAPITAL AND RESERVES
Called up share capital 256 250
Share premium 54,820 47,025
Retained earnings (218,241 ) 25,240
(163,165 ) 72,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




B R Latreuille - Director



J S L Mobbs - Director


Sario Partners Limited (Registered number: 10862405)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Sario Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10862405

Registered office: C/O Haines Watts
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The accounts have been prepared on a going concern basis. This basis may not be appropriate because at 30 June 2024 the deficit in shareholders' funds amounted to £163,165.

The company's ability to continue trading is dependent upon the ongoing financial support of the directors and other creditors which at the year end totalled £119,204 included within the £237,689 in note 7 to the accounts. These creditors have indicated that this support will continue.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long-term liabilities as due within one year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Sario Partners Limited (Registered number: 10862405)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, when it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 12 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 719 32,993 33,712
DEPRECIATION
At 1 July 2023 388 18,925 19,313
Charge for year 144 8,129 8,273
At 30 June 2024 532 27,054 27,586
NET BOOK VALUE
At 30 June 2024 187 5,939 6,126
At 30 June 2023 331 14,068 14,399

Sario Partners Limited (Registered number: 10862405)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,806 149,854
Other debtors 80,933 98,575
120,739 248,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,796 27,073
Taxation and social security 31,966 69,433
Other creditors 237,689 172,580
356,451 269,086

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 10,789 20,822

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases over the remaining life of those leases of £99,000 (2023 - £45,384).