Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312truefalse2024-01-01falseThe principal activity of the company during the year continued to be that of the provision of management and consultancy services.2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4589339 2024-01-01 2024-12-31 4589339 2023-01-01 2023-12-31 4589339 2024-12-31 4589339 2023-12-31 4589339 c:Director1 2024-01-01 2024-12-31 4589339 d:MotorVehicles 2024-01-01 2024-12-31 4589339 d:MotorVehicles 2024-12-31 4589339 d:MotorVehicles 2023-12-31 4589339 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4589339 d:FurnitureFittings 2024-01-01 2024-12-31 4589339 d:FurnitureFittings 2024-12-31 4589339 d:FurnitureFittings 2023-12-31 4589339 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4589339 d:ComputerEquipment 2024-01-01 2024-12-31 4589339 d:ComputerEquipment 2024-12-31 4589339 d:ComputerEquipment 2023-12-31 4589339 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4589339 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4589339 d:CurrentFinancialInstruments 2024-12-31 4589339 d:CurrentFinancialInstruments 2023-12-31 4589339 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 4589339 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 4589339 d:ShareCapital 2024-12-31 4589339 d:ShareCapital 2023-12-31 4589339 d:RetainedEarningsAccumulatedLosses 2024-12-31 4589339 d:RetainedEarningsAccumulatedLosses 2023-12-31 4589339 c:OrdinaryShareClass1 2024-01-01 2024-12-31 4589339 c:OrdinaryShareClass1 2024-12-31 4589339 c:OrdinaryShareClass1 2023-12-31 4589339 c:FRS102 2024-01-01 2024-12-31 4589339 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 4589339 c:FullAccounts 2024-01-01 2024-12-31 4589339 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 4589339 2 2024-01-01 2024-12-31 4589339 6 2024-01-01 2024-12-31 4589339 3 2024-12-31 4589339 3 2023-12-31 4589339 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 4589339









STRATHMORE INVESTMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
STRATHMORE INVESTMENTS LTD
REGISTERED NUMBER: 4589339

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,672
12,560

Investments
 5 
70,196
65,227

  
79,868
77,787

Current assets
  

Debtors: amounts falling due within one year
 6 
1,388
6,858

Cash at bank and in hand
  
60,645
70,300

  
62,033
77,158

Creditors: amounts falling due within one year
 7 
(59,522)
(52,355)

Net current assets
  
 
 
2,511
 
 
24,803

  

Net assets
  
82,379
102,590


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
82,378
102,589

  
82,379
102,590


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 by: 


S J Harper
Director
Date: 1 April 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Strathmore Investments Ltd is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is c/o Stephen Harper, 25 Tregunter Road, London, SW10 9LS.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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 2

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Motor vehicles
-
25% on reducing balance
Fixtures, fittings and equipment
-
25% on reducing balance
Computer equipment
-
33.33% on cost

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.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, 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

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Page 3

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Page 4

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Interest income

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

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2024
89,561
27,104
5,403
122,068



At 31 December 2024

89,561
27,104
5,403
122,068



Depreciation


At 1 January 2024
77,505
26,640
5,363
109,508


Charge for the year on owned assets
2,743
105
40
2,888



At 31 December 2024

80,248
26,745
5,403
112,396



Net book value



At 31 December 2024
9,313
359
-
9,672



At 31 December 2023
12,056
464
40
12,560


5.


Fixed asset investments





Other fixed asset investments
Investment in joint ventures
Total

£
£
£



Cost


At 1 January 2024
65,227
250,000
315,227


Additions
4,969
-
4,969



At 31 December 2024

70,196
250,000
320,196



Impairment


At 1 January 2024
-
250,000
250,000



At 31 December 2024

-
250,000
250,000



Net book value



At 31 December 2024
70,196
-
70,196



At 31 December 2023
65,227
-
65,227

The above other fixed asset investments are stated at the latest reasonable market value available and the investments in joint ventures at cost.

Page 6

 
STRATHMORE INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,388
6,858

1,388
6,858



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
124
104

Other creditors
55,863
46,691

Accruals and deferred income
3,535
5,560

59,522
52,355



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

At the balance sheet date, the balance due to one of the directors was £55,863 (2023 - £46,692).


Page 7