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Registered number: 05212539










Stragen UK Limited










Financial statements

For the Year Ended 31 December 2024

 
Stragen UK Limited
Registered number: 05212539

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
130

  
-
130

Current assets
  

Stocks
 5 
-
61,615

Debtors: amounts falling due within one year
 6 
83,574
45,732

Cash at bank and in hand
  
86,136
69,338

  
169,710
176,685

Creditors: amounts falling due within one year
 7 
(629,998)
(481,804)

Net current liabilities
  
 
 
(460,288)
 
 
(305,119)

Total assets less current liabilities
  
(460,288)
(304,989)

  

Net liabilities
  
(460,288)
(304,989)


Capital and reserves
  

Called up share capital 
 8 
100,000
100,000

Profit and loss account
  
(560,288)
(404,989)

  
(460,288)
(304,989)


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 profit and loss account 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: 




L Alonzi
Director
Date: 19 August 2025

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

Page 1

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

Stragen UK Limited, is a limited liability company, limited by shares incorporated in England, company number 05212539. The address of the registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG. 

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 section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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 accounts have been prepared in GBP (the functional currency) and rounded to the nearest pound.
The following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss of £155,299 for the year ended 31 December 2024 and at that date had net liabilities of £460,288 which included a net amount of £488,136 due to group companies. The group have confirmed that they will support the company for the foreseeable future but are unable to provide sufficient evidence of the ability to provide such support.  Given that the ability to provide the necessary group support cannot be substantiated, there exists a material uncertainty that casts significant doubt upon the company’s ability to continue as a going concern.
The Director is monitoring the financial health of the company very closely, from both a going-concern and cash flow perspective and is satisfied that at this time the Company will continue in operational existence for the foreseeable future.

Page 2

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
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 are presented in the Profit and Loss Account within 'administrative expenses'.

 
2.4

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from the sale of goods is recognised on delivery to the customer.
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.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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 3

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Computer equipment
-
3 years

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.

 
2.7

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.

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.

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 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.
 
Page 4

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial instruments

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.


Cash and cash equivalents
These comprise cash at bank and other short term highly liquid investments that mature in no
more than three months from the date of acquisition. 
Debtors
Debtors do not carry any interest and are stated at their transaction price. Appropriate provisions for
estimated irrecoverable amounts are recognised in the Profit and Loss Account where there is
objective evidence that the asset is impaired. 
Creditors
Short term creditors are not interest bearing and are stated at their transaction price. 

 
2.8

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.

At each balance sheet 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.


3.


Employees

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

Page 5

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2024
583



At 31 December 2024

583



Depreciation


At 1 January 2024
453


Charge for the year on owned assets
130



At 31 December 2024

583



Net book value



At 31 December 2024
-



At 31 December 2023
130


5.


Stocks

2024
2023
£
£

Stock
-
61,615

-
61,615



6.


Debtors

2024
2023
£
£


Trade debtors
275
22,490

Amounts owed by group undertakings
72,730
4,258

Other debtors
2,367
4,916

Prepayments and accrued income
8,202
14,068

83,574
45,732


Page 6

 
Stragen UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,556
4,127

Amounts owed to group undertakings
560,866
367,331

Accruals and deferred income
65,576
110,346

629,998
481,804



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares of £1.00 each
100,000
100,000



9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
7,308
7,308

Later than 1 year and not later than 5 years
4,872
12,789

12,180
20,097


10.


Related party transactions

The company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with wholly owned members of the group.


11.


Controlling party

The parent company of the smallest group for which consolidated financial statements are drawn up and of which Stragen UK Limited is a member is Strategic Generics France SAS whose registered office is 30 Rue Edouard Nieuport 69008 Lyon France.


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 19 August 2025 by Allan Pinner FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.


Page 7