Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2 2 2024-04-01 false false No description of principal activity false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09503457 2024-04-01 2025-03-31 09503457 2023-04-01 2024-03-31 09503457 2025-03-31 09503457 2024-03-31 09503457 2023-04-01 09503457 c:Director2 2024-04-01 2025-03-31 09503457 d:ShareCapital 2025-03-31 09503457 d:ShareCapital 2024-03-31 09503457 d:ShareCapital 2023-04-01 09503457 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09503457 d:RetainedEarningsAccumulatedLosses 2025-03-31 09503457 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09503457 d:RetainedEarningsAccumulatedLosses 2024-03-31 09503457 d:RetainedEarningsAccumulatedLosses 2023-04-01 09503457 c:FRS102 2024-04-01 2025-03-31 09503457 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09503457 c:FullAccounts 2024-04-01 2025-03-31 09503457 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09503457 d:Subsidiary1 2024-04-01 2025-03-31 09503457 d:Subsidiary1 1 2024-04-01 2025-03-31 09503457 6 2024-04-01 2025-03-31 09503457 e:USDollar 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 09503457 SARANDRA (UK) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SARANDRA (UK) LIMITED REGISTERED NUMBER: 09503457 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024
Note | $ | $
Fixed assets |  |  |
Investments | 5 | 8,887,500 | 8,887,500
Net assets |  | 8,887,500 | 8,887,500
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | 8,887,499 | 8,887,499
|  | 8,887,500 | 8,887,500
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 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 on 19 January 2026.
................................................ Teng Hock Tay
Director
The notes on pages 3 to 6 form part of these financial statements. Page 1
SARANDRA (UK) LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| $ | $ | $
At 1 April 2023 | 1 | (960,814) | (960,813)
Comprehensive income for the year |  |  |
Profit for the year | - | 9,848,313 | 9,848,313
At 1 April 2024 | 1 | 8,887,499 | 8,887,500
Comprehensive income for the year |  |  |
Profit for the year | - | - | -
At 31 March 2025 | 1 | 8,887,499 | 8,887,500
| The notes on pages 3 to 6 form part of these financial statements.
Page 2
SARANDRA (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Sarandra (UK) Limited a private company limited by share capital, incorporated in England, registration number 09503457. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, London, English, HA5 2EX. 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
The financial statements are not being prepared on a going concern basis as the director plans to dissolve the company.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is USD. 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.
| 2.4 | 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.
| 2.5 | 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. Page 3
SARANDRA (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. 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 Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.7 | Financial instruments
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. 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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 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. Page 4
SARANDRA (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments (continued)
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.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements are in conformity with Generally Accepted Accounting Practices (GAAP) requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and their reported amounts of revenues and expenses during the period. Critical judgments There were no judgments required to be made in preparing the accounts which had, or could have had, a material impact on the accounts. Critical estimates There were no estimates required to be made in preparing the accounts which had, or could have had, a material impact on the accounts.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
SARANDRA (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | $
| Cost or valuation |
| At 1 April 2024 | 8,887,500
| At 31 March 2025 | 8,887,500
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Principal activity | Class of shares | Holding
| Sarandra (USA) Corporation | c/o One15 Brooklyn, Maria, 159 Bridge Park Drive, Brooklyn, NY, 11201 | USA | Ordinary | 100%
6. | Controlling party
The ultimate controlling party is SUTL Global Pte Ltd, incorporated in Singapore.
Page 6