ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31truetrue2021-01-012No description of principal activity2false 11309418 2021-01-01 2021-12-31 11309418 2020-01-01 2020-12-31 11309418 2021-12-31 11309418 2020-12-31 11309418 c:Director2 2021-01-01 2021-12-31 11309418 d:CurrentFinancialInstruments 2021-12-31 11309418 d:CurrentFinancialInstruments 2020-12-31 11309418 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11309418 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11309418 d:ShareCapital 2021-12-31 11309418 d:ShareCapital 2020-12-31 11309418 d:RetainedEarningsAccumulatedLosses 2021-12-31 11309418 d:RetainedEarningsAccumulatedLosses 2020-12-31 11309418 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 11309418 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-12-31 11309418 c:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 11309418 c:FRS102 2021-01-01 2021-12-31 11309418 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11309418 c:FullAccounts 2021-01-01 2021-12-31 11309418 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number:11309418

TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

REGISTERED NUMBER: 11309418

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Cash at bank and in hand	3	252		252
		252		252
Creditors: amounts falling due within one year	4	(6,235)		(6,235)
Net current liabilities			(5,983)		(5,983)
Total assets less current liabilities			(5,983)		(5,983)

Net liabilities			(5,983)		(5,983)

Capital and reserves
Called up share capital	24,695	24,695
Profit and loss account	(30,678)	(30,678)
	(5,983)	(5,983)

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TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

REGISTERED NUMBER: 11309418

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

For the year ended 31 December 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 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 on 23 December 2022.

L Harustiak

Director

The notes on pages 3 to 5 form part of these financial statements.

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TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Tera Monada UK Limited is a private company limited by shares, incorporated in England & Wales (registered number: 11309418). The registered office of the company is 1 Connaught Place, London, W2 2ET and the principal place of business address is the same as the registered address.

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.

2.2

Going concern

The financial statements have been drawn up on the going concern basis. The company is dependent upon the continuing support of its related companies in order to meet its medium term capital requirements. The directors are confident that support from these parties will continue.
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the extended credit facilities from its related companies.

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 that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

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

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.

2.6

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.

2.7

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 ordinary shares.

3.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	252	252
	252	252

4.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to other participating interests	3,235	3,235
Accruals and deferred income	3,000	3,000
	6,235	6,235

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TERA MONADA UK LTD

FORMERLY KNOWN AS BOROMA GEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5.	Financial instruments
		2021	2020
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	252	252

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

6.	Controlling party

The company is controlled by NKB Advisory Limited.

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