Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-042023-07-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10147617 2023-07-01 2024-06-30 10147617 2022-07-01 2023-06-30 10147617 2024-06-30 10147617 2023-06-30 10147617 c:Director1 2023-07-01 2024-06-30 10147617 d:CurrentFinancialInstruments 2024-06-30 10147617 d:CurrentFinancialInstruments 2023-06-30 10147617 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10147617 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10147617 d:ShareCapital 2024-06-30 10147617 d:ShareCapital 2023-06-30 10147617 d:RetainedEarningsAccumulatedLosses 2024-06-30 10147617 d:RetainedEarningsAccumulatedLosses 2023-06-30 10147617 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10147617 c:OrdinaryShareClass1 2024-06-30 10147617 c:OrdinaryShareClass1 2023-06-30 10147617 c:FRS102 2023-07-01 2024-06-30 10147617 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10147617 c:FullAccounts 2023-07-01 2024-06-30 10147617 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10147617 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10147617










SANDLEFORD HOLDINGS (UK) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SANDLEFORD HOLDINGS (UK) LTD
REGISTERED NUMBER: 10147617

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
90,925
106,577

Debtors: amounts falling due within one year
 5 
82,247
895,078

Cash at bank and in hand
  
20,203
108,987

  
193,375
1,110,642

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(266,625)
(1,167,022)

Net current liabilities
  
 
 
(73,250)
 
 
(56,380)

Total assets less current liabilities
  
(73,250)
(56,380)

  

Net liabilities
  
(73,250)
(56,380)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(73,252)
(56,382)

  
(73,250)
(56,380)

Page 1

 
SANDLEFORD HOLDINGS (UK) LTD
REGISTERED NUMBER: 10147617

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges his 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: 






J M Flavell
Director

Date: 4 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Sandleford Holdings (UK) Ltd is a private company limited by shares, registered in England and Wales. The company's registered number is 10147617. The address of the company's registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from a related company. The loan to the company will not be called in until the company has sufficient funds to repay.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Based on the above, the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Turnover

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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.

Page 3

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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

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.

 
2.8

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.

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.

  
2.9

Government grants

The UK government has offered a range of financial support packages to help companies, including government backed financing arrangements, furlough schemes, deferment of VAT payments and, for some sectors, business rates holidays. Of the offered schemes, the company used the furlough scheme. The income from the furlough scheme has been recognised within 'Other operating income'. The income is recognised when the company has reasonable assurance that they will comply with the conditions attaching the grant, and that the grant will be received.

 
2.10

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.

Page 4

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.


3.


Employees

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


4.


Stocks

2024
2023
£
£

Finished goods and goods for resale
90,925
106,577

90,925
106,577



5.


Debtors

2024
2023
£
£


Trade debtors
5,073
255,952

Amounts owed by group undertakings
55,513
606,535

Other debtors
18,805
32,591

Prepayments and accrued income
2,856
-

82,247
895,078


Amounts owed by related parties are unsecured, interest free and payable on demand.


6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,348
-

Trade creditors
253,822
1,146,004

Other taxation and social security
156
100

Other creditors
7,899
17,242

Accruals and deferred income
3,400
3,676

266,625
1,167,022


Amounts owed to related parties are unsecured, interest free and repayable on demand.

Page 5

 
SANDLEFORD HOLDINGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2

The shares have attached to them full voting, dividend and capital distribution rights.



8.


Related party transactions

At the balance sheet date the company was owed £55,513 (2023: £606,535) by a related party. This is an interest free loan with no set repayment date.


9.


Controlling party

The company is controlled and owned by Aquilia PTY LTD by virtue of their 100% shareholding in Sandleford Holdings (UK) Ltd.

Page 6