Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2026-05-13 2025-03-31 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 Director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations. Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Director is required to: select suitable accounting policies for the Company's financial statements and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.2026-05-13 The aggregate of the share capital and reserves as at 31 March 2025 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows: ** indirect subsidiaries false 1 2024-03-19 false false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC803546 2024-03-19 2025-03-31 SC803546 2023-03-19 2024-03-18 SC803546 2025-03-31 SC803546 2024-03-18 SC803546 1 2024-03-19 2025-03-31 SC803546 d:Director1 2024-03-19 2025-03-31 SC803546 d:Director1 2025-03-31 SC803546 d:RegisteredOffice 2024-03-19 2025-03-31 SC803546 c:CurrentFinancialInstruments 2025-03-31 SC803546 c:Non-currentFinancialInstruments 2025-03-31 SC803546 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 SC803546 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 SC803546 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2025-03-31 SC803546 c:ShareCapital 2024-03-19 2025-03-31 SC803546 c:ShareCapital 2025-03-31 SC803546 c:ShareCapital 2024-03-18 SC803546 c:RetainedEarningsAccumulatedLosses 2024-03-19 2025-03-31 SC803546 c:RetainedEarningsAccumulatedLosses 2025-03-31 SC803546 c:RetainedEarningsAccumulatedLosses 2024-03-18 SC803546 d:OrdinaryShareClass1 2024-03-19 2025-03-31 SC803546 d:OrdinaryShareClass1 2025-03-31 SC803546 d:FRS102 2024-03-19 2025-03-31 SC803546 d:AuditExemptWithAccountantsReport 2024-03-19 2025-03-31 SC803546 d:FullAccounts 2024-03-19 2025-03-31 SC803546 d:PrivateLimitedCompanyLtd 2024-03-19 2025-03-31 SC803546 c:Subsidiary1 2025-03-31 SC803546 c:Subsidiary1 2024-03-19 2025-03-31 SC803546 c:Subsidiary1 1 2024-03-19 2025-03-31 SC803546 c:Subsidiary2 2025-03-31 SC803546 c:Subsidiary2 2024-03-19 2025-03-31 SC803546 c:Subsidiary2 1 2024-03-19 2025-03-31 SC803546 2 2024-03-19 2025-03-31 SC803546 6 2024-03-19 2025-03-31 SC803546 e:PoundSterling 2024-03-19 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC803546 SIERRA SUNRISE LTD UNAUDITED DIRECTOR'S REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
SIERRA SUNRISE LTD COMPANY INFORMATION
Director | Tze Chun Tsiang (appointed 19 March 2024)
Registered number | SC803546
Registered office | 134 Braid Road
| Edinburgh
| EH10 6JD
SIERRA SUNRISE LTD CONTENTS
| Page
Director's Report | 1 - 2
Accountants' Report | 3
Statement of Comprehensive Income | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Financial Statements | 7 - 12
SIERRA SUNRISE LTD DIRECTOR'S REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Director presents his report and the financial statements for the period ended 31 March 2025.
Director's responsibilities statement
The Director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations. Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Director is required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The principal activity of the Company is that of a holding company.
Results and dividends
The loss for the period, after taxation, amounted to £1,746. No dividends have been declared or paid during the period.
Director
The Director who served during the period and up until the date of signing, unless otherwise stated, was:
Tze Chun Tsiang (appointed 19 March 2024)
Small companies note
In preparing this report, the Director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Page 1
SIERRA SUNRISE LTD DIRECTOR'S REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 This report was approved by the board and signed on its behalf.
Tze Chun Tsiang Director
Date: 13 May 2026
Page 2
SIERRA SUNRISE LTD CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SIERRA SUNRISE LTD FOR THE PERIOD ENDED 31 MARCH 2025 In accordance with our engagement letter dated 19 May 2025 and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the Company for the period ended 31 March 2025 which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given to us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance/. Respective responsibilities of Director and accountants You have acknowledged on the balance sheet for the period ended 31 March 2025 your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that the Company is exempt from the statutory requirement for an audit for the period. This report is made solely to the Director of Sierra Sunrise Ltd in accordance with the terms of our engagement letter dated 19 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the Company and state those matters that we have agreed to state to the Director in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept nor assume responsibility to anyone other than the Company and its Director for our work or for this report. We have not been instructed to carry out an audit or review of the financial statements of Sierra Sunrise Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Forvis Mazars LLP Chartered Accountants The Pinnacle 160 Midsummer Boulevard Milton Keynes MK9 1FF 14 May 2026 Page 3
SIERRA SUNRISE LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2025
| 31 March
| 2025
Note | £
Administrative expenses |  | (1,630)
Operating loss |  | (1,630)
Interest receivable and similar income | 4 | 36,474
Interest payable and similar expenses | 5 | (36,590)
Loss before tax |  | (1,746)
Tax on loss |  | -
Loss for the financial period |  | (1,746)
There was no other comprehensive income for 2025.
The notes on pages 7 to 12 form part of these financial statements.
Page 4
SIERRA SUNRISE LTD REGISTERED NUMBER: SC803546 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025
Note |  | £
Fixed assets |  |  |
Investments | 6 |  | 1,546,032
|  |  | 1,546,032
Current assets |  |  |
Debtors: amounts falling due within one year | 7 | 3,612,472 |
|  | 3,612,472 |
Creditors: amounts falling due within one year | 8 | (38,190) |
Net current assets |  |  | 3,574,282
Total assets less current liabilities |  |  | 5,120,314
Creditors: amounts falling due after more than one year | 9 |  | (4,122,060)
Net assets |  |  | 998,254
Capital and reserves |  |  |
Called up share capital | 11 |  | 1,000,000
Profit and loss account | 12 |  | (1,746)
|  |  | 998,254
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 period 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 were approved and authorised for issue by the board and were signed on its behalf by:
Tze Chun Tsiang
Director
Date: 13 May 2026
The notes on pages 7 to 12 form part of these financial statements. Page 5
SIERRA SUNRISE LTD STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 19 March 2024 - shares issued | 1,000,000 | - | 1,000,000
Comprehensive expense for the period |  |  |
Loss for the period | - | (1,746) | (1,746)
Total comprehensive expense for the period | - | (1,746) | (1,746)
At 31 March 2025 | 1,000,000 | (1,746) | 998,254
| The notes on pages 7 to 12 form part of these financial statements.
Page 6
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
Sierra Sunrise Ltd ("the Company") is a private company limited by shares, registered and incorporated in the United Kingdom and registered in Scotland. Company registered number SC803546. The address of its registered office and principal place of business is 134 Braid Road, Edinburgh, United Kingdom, EH10 6JD. The principal activity of the Company is that of a holding company. These financial statements have been presented in Pounds Sterling (£), this being the functional currency of the Company and currency of its primary economic environment. Monetary amounts in these financial statements have been rounded to the nearest £. 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 Directors have considered the budgets and cashflow forecasts for the Company and believe the Company will be able to meet its liabilities as they fall due. The financial statements have, therefore, been prepared on a going concern basis.
| 2.3 | Interest receivable and similar income
Interest receivable and similar income is recognised in the Statement of Comprehensive Income using the effective interest method.
| 2.4 | Interest payable and similar expenses
Interest payable and similar expenses are charged to the Statement of Comprehensive Income 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 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred. Page 7
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Cost includes the purchase price of the shares and any directly attributable transaction costs, such as legal, advisory and due diligence fees incurred in relation to the acquisition of the subsidiary. The Company assesses investments for indicators of impairment at each reporting date. Where such indicators exist, the recoverable amount of the investment is estimated. If the carrying amount exceeds the recoverable amount, an impairment loss is recognised in profit or loss. Impairment losses may be reversed in subsequent periods when the reasons for the impairment no longer apply.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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. 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. Page 8
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued) Basic 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. | Employees
| The average monthly number of employees, including directors, during the period was 1.
4. | Interest receivable and similar income
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Other interest receivable | 36,474
5. | Interest payable and similar expenses
|  |  |  |  | 31 March
|  |  |  |  | 2025
|  |  |  |  | £
| Interest on shareholder's loan | 36,590
Page 9
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| Additions | 1,546,032
| At 31 March 2025 | 1,546,032
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Sierra Braid Hills Limited | Dept 6669 126 East Ferry Road, Canary Wharf, London, England, E14 9FP | Ordinary | 100%
| Sierra Highlands Ltd** | Dept 6669a 126 East Ferry Road, Canary Wharf, London, England, E14 9FP | Ordinary | 100%
| The aggregate of the share capital and reserves as at 31 March 2025 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:
| Name | Aggregate of share capital and reserves | Profit/(Loss)
|  | £ | £
| Sierra Braid Hills Limited | (121,686) | (262,506)
| Sierra Highlands Ltd** | (367,781) | 102,274
| ** indirect subsidiaries
Page 10
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
7. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts owed by group undertakings (note 13) | 3,612,472
|  | 3,612,472
| Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Accruals | 38,190
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025
|  |  |  |  | £
| Shareholder loan (note 10) | 4,122,060
| The shareholder loan is secured over all the Company's assets, bears interest at 2% per annum and repayable on demand, subject to the borrower's ability to repay. However, the lender has confirmed they will not request repayment within 12 months of the balance sheet date.
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts falling due 2-5 years |
| Shareholder loan | 4,122,060
| The shareholder loan is secured over all the Company's assets, bears interest at 2% per annum and repayable on demand, subject to the borrower's ability to repay. However, the lender has confirmed they will not request repayment within 12 months of the balance sheet date.
Page 11
SIERRA SUNRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
11. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 1,000,000 Ordinary shares shares of £1.00 each | 1,000,000
Each Ordinary share is entitled to one vote in any circumstances and each share is also entitled to dividend payments or any other distribution, including a distribution arising from a winding up of the Company.
12. | Reserves
Profit and loss account The profit and loss account represents the cumulative profit and losses of the Company, less the payment of dividends.
13. | Related party transactions
| The Company has taken advantage of the exemption available in accordance with FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with other wholly owned members of the group.
14. | Post balance sheet events
There have been no significant events affecting the Company since the period end.
15. | Controlling party
The Company's immediate parent undertaking is Sierra HK Limited, a Company incorporated in Hong Kong. The registered office of Sierra HK Limited is Suite 1804, 18/F, St George's Building, No 2 Ice House Street, Central, Hong Kong. Chan Hiu Yuet Elvira is the ultimate controlling party by virtue of her majority shareholding in the Company.
Page 12