Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-310false2024-04-01falseProviding IT consultancy services for supply chain and analytics solutions.0falsetrue 03169221 2024-04-01 2025-03-31 03169221 2023-04-01 2024-03-31 03169221 2025-03-31 03169221 2024-03-31 03169221 c:CompanySecretary1 2024-04-01 2025-03-31 03169221 c:Director2 2024-04-01 2025-03-31 03169221 c:Director3 2024-04-01 2025-03-31 03169221 c:RegisteredOffice 2024-04-01 2025-03-31 03169221 d:PlantMachinery 2024-04-01 2025-03-31 03169221 d:ComputerEquipment 2024-04-01 2025-03-31 03169221 d:CurrentFinancialInstruments 2025-03-31 03169221 d:CurrentFinancialInstruments 2024-03-31 03169221 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03169221 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03169221 d:ShareCapital 2025-03-31 03169221 d:ShareCapital 2024-03-31 03169221 d:RetainedEarningsAccumulatedLosses 2025-03-31 03169221 d:RetainedEarningsAccumulatedLosses 2024-03-31 03169221 c:FRS102 2024-04-01 2025-03-31 03169221 c:Audited 2024-04-01 2025-03-31 03169221 c:FullAccounts 2024-04-01 2025-03-31 03169221 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03169221 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03169221 2 2024-04-01 2025-03-31 03169221 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 03169221







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


BRISTLECONE UK LIMITED






































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BRISTLECONE UK LIMITED
 


 
COMPANY INFORMATION


Directors
Lisa Anne Lesko 
Padamnath Somnath Pandit 




Company secretary
Pennsec Limited



Registered number
03169221



Registered office
125 Wood Street

London

EC2V 7AW




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

95 Gresham Street

London

EC2V 7AB





 


BRISTLECONE UK LIMITED
REGISTERED NUMBER:03169221



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,976
2,891

Bank and cash balances
  
625,256
623,380

  
627,232
626,271

Creditors: amounts falling due within one year
 5 
(9,586)
(8,606)

Net current assets
  
 
 
617,646
 
 
617,665

Total assets less current liabilities
  
617,646
617,665

  

Net assets
  
617,646
617,665


Capital and reserves
  

Called up share capital 
  
2,350,000
2,350,000

Profit and loss account
  
(1,732,354)
(1,732,335)

  
617,646
617,665


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: 




Padamnath Somnath Pandit
Director

Date: 11 April 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


BRISTLECONE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Bristlecone UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover

Turnover represents the invoiced amounts of services provided and it is stated net of Value Added Tax.
Revenue for software services is recognised on the basis of services rendered. For time and material contracts, invoices are raised on the basis of customer approved timesheets. For fixed price projects, invoices are raised for prescribed milestones acheived on the basis of acceptance/sign-off received from the customer. Revenue on fixed price contracts is recognised based on the percentage completion method.

 
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.

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:

Plant and machinery
-
50%
Computer equipment
-
50%

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.

Page 2

 


BRISTLECONE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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


3.


Employees



The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £NIL)

4.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
841
1,616

Other debtors
310
450

Prepayments and accrued income
825
825

1,976
2,891



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
420
-

Accruals and deferred income
9,166
8,606

9,586
8,606


Page 3

 


BRISTLECONE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


7.


Ultimate Controlling party

The immediate holdings company is Bristlecone Worldwide, Inc.
The Directors consider the company's ultimate holding company and controlling party to be Mahindra & Mahindra Limited which is incorporated in India.
The company's results are included in the consolidated financial statements of Mahindra & Mahindra Limited which are publicly available from Gateway Building, Apollo Bunder, Mumbai 400 001, India.


8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 11 April 2025 by Robin Hopkins FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4