Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-06-28falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false64201 - Activities of agricultural holding companies 64209 - Activities of other holding companies not elsewhere classified2false 14967427 2023-06-27 14967427 2023-06-28 2024-03-31 14967427 2022-04-01 2023-06-27 14967427 2024-03-31 14967427 c:Director1 2023-06-28 2024-03-31 14967427 d:OfficeEquipment 2023-06-28 2024-03-31 14967427 d:OfficeEquipment 2024-03-31 14967427 d:CurrentFinancialInstruments 2024-03-31 14967427 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14967427 d:ShareCapital 2024-03-31 14967427 d:RetainedEarningsAccumulatedLosses 2024-03-31 14967427 c:OrdinaryShareClass1 2023-06-28 2024-03-31 14967427 c:OrdinaryShareClass1 2024-03-31 14967427 c:OrdinaryShareClass2 2023-06-28 2024-03-31 14967427 c:OrdinaryShareClass2 2024-03-31 14967427 c:FRS102 2023-06-28 2024-03-31 14967427 c:AuditExempt-NoAccountantsReport 2023-06-28 2024-03-31 14967427 c:FullAccounts 2023-06-28 2024-03-31 14967427 c:PrivateLimitedCompanyLtd 2023-06-28 2024-03-31 14967427 6 2023-06-28 2024-03-31 14967427 e:PoundSterling 2023-06-28 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14967427










AMARELA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
AMARELA LIMITED
REGISTERED NUMBER: 14967427

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
  
4,028

Investments
 5 
3,322,650

  
3,326,678

Current assets
  

Debtors: amounts falling due within one year
  
8,382,000

Cash at bank and in hand
 7 
108,577

  
8,490,577

Creditors: amounts falling due within one year
 8 
(12,174,472)

Net current (liabilities)/assets
  
 
 
(3,683,895)

Total assets less current liabilities
  
(357,217)

  

Net (liabilities)/assets
  
(357,217)


Capital and reserves
  

Called up share capital 
  
2,000

Profit and loss account
  
(359,217)

  
(357,217)


Page 1

 
AMARELA LIMITED
REGISTERED NUMBER: 14967427

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 by: 




M J Crosbie
Director

Date: 24 March 2025

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

Page 2

 
AMARELA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Amarela Limited is a private company, limited by share capital and incorporated in England and Wales.  The registered office is 10 Norwich Street, London, EC4A 1BD.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The validity of this assumption is based on the continued support of the directors for the subsequent 12 months. If the directors were to withdraw their support the going concern of the company would need to be reassessed.

 
2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
AMARELA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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

 
AMARELA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
4,028



At 31 March 2024

4,028






Net book value



At 31 March 2024
4,028


5.


Fixed asset investments





Investment in subsidiary company
Investment in associate
Total

£
£
£



Cost or valuation


Additions
322,650
3,000,000
3,322,650



At 31 March 2024
322,650
3,000,000
3,322,650




Page 5

 
AMARELA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

2024
£


Amounts owed by group undertakings
8,380,000

Called up share capital not paid
2,000

8,382,000



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
108,577

108,577



8.


Creditors: Amounts falling due within one year

2024
£

Shareholders loans
12,009,881

Other creditors
161,591

Accruals and deferred income
3,000

12,174,472



9.


Share capital

2024
£
Allotted, called up and fully paid


1,000 A Ordinary shares shares of £1.0 each
1,000
1,000 B Ordinary shares shares of £1.0 each
1,000

2,000


On 28 June 2023, 100 Ordinary shares were allocated at a nominal value of £1 each.  These shares were transferred to A Ordinary shares on 18 August 2023.
On 18 August 2023, 900 A Ordinary shares were allocated at a nominal value of £1 each. 
On 18 August 2023, 1,000 B Ordinary shares were allocated at a nominal value of £1 each. 

Page 6

 
AMARELA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

10.


Related party transactions

At the balance sheet date, the company reported creditors which included loans of £6,166,532 owed to the directors who are also shareholders of the company.  These loans are interest free and repayable upon demand. 
The company has taken the exemption under FRS 102 paragraph 33.1A to not report transactions with wholly owned subsidiaries.
The company is exempt from preparing consolidated financial statements because it is the parent company of a small group.


Page 7