ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2018.0.111 2018.0.111 2019-03-312019-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruefalse2018-04-01No description of principal activity 02197484 2018-04-01 2019-03-31 02197484 2019-03-31 02197484 2018-03-31 02197484 c:Director1 2018-04-01 2019-03-31 02197484 d:OfficeEquipment 2018-04-01 2019-03-31 02197484 d:OfficeEquipment 2019-03-31 02197484 d:OfficeEquipment 2018-03-31 02197484 d:CurrentFinancialInstruments 2019-03-31 02197484 d:CurrentFinancialInstruments 2018-03-31 02197484 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 02197484 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 02197484 d:ShareCapital 2019-03-31 02197484 d:ShareCapital 2018-03-31 02197484 d:CapitalRedemptionReserve 2019-03-31 02197484 d:CapitalRedemptionReserve 2018-03-31 02197484 d:RetainedEarningsAccumulatedLosses 2019-03-31 02197484 d:RetainedEarningsAccumulatedLosses 2018-03-31 02197484 c:OrdinaryShareClass1 2018-04-01 2019-03-31 02197484 c:OrdinaryShareClass1 2019-03-31 02197484 c:OrdinaryShareClass1 2018-03-31 02197484 c:FRS102 2018-04-01 2019-03-31 02197484 c:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 02197484 c:FullAccounts 2018-04-01 2019-03-31 02197484 c:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 02197484 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-04-01 2019-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02197484

SARRAZIN LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2019

SARRAZIN LIMITED

REGISTERED NUMBER: 02197484

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019		2018
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	400,000		-
Cash at bank and in hand	6	41,103		572,459
		441,103		572,459
Creditors: amounts falling due within one year	7	(2,000)		(130,668)
Net current assets			439,103		441,791
Total assets less current liabilities			439,103		441,791

Net assets			439,103		441,791

Capital and reserves
Called up share capital	8	2	2
Capital redemption reserve		2	2
Profit and loss account		439,099	441,787
		439,103	441,791

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 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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SARRAZIN LIMITED

REGISTERED NUMBER: 02197484

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2019

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2019.

I R Slater

Director

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

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SARRAZIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

Sarrazin Limited is a company domiciled in England and Wales, registration number 02197484. The registered office is The Rill, 9 Crabtree Road, Haddenham, Aylesbury, Buckinghamshire, HP17 8AT.

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 following principal accounting policies have been applied:

2.2

Revenue

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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 the Statement of income and retained earnings, 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 reporting date in the countries where the Company operates and generates income.

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.

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SARRAZIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

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:

Office equipment

15% straight line

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 the Statement of income and retained earnings.

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

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.

2.9

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.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 0 (2018 - 0).

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SARRAZIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 April 2018	4,332
	At 31 March 2019	4,332
	Depreciation
	At 1 April 2018	4,332
	At 31 March 2019	4,332
	Net book value
	At 31 March 2019	-
	At 31 March 2018	-

Debtors

					2019	2018
					£	£


Other debtors	400,000	-
	400,000	-

6.	Cash and cash equivalents
		2019	2018
		£	£

Cash at bank and in hand	41,102	572,459
	41,102	572,459

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SARRAZIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

7.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Corporation tax	-	126,905
Other creditors	-	1,863
Accruals and deferred income	2,000	1,900
	2,000	130,668

8.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

2 (2018 - 2) Ordinary shares of £1.00 each	2	2

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