ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

STERLING CAPITAL MANAGEMENT LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-31truefalse2false2021-04-01No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11272749 2021-04-01 2022-03-31 11272749 2020-04-01 2021-03-31 11272749 2022-03-31 11272749 2021-03-31 11272749 c:Director1 2021-04-01 2022-03-31 11272749 d:CurrentFinancialInstruments 2022-03-31 11272749 d:CurrentFinancialInstruments 2021-03-31 11272749 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11272749 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 11272749 d:ShareCapital 2022-03-31 11272749 d:ShareCapital 2021-03-31 11272749 c:FRS102 2021-04-01 2022-03-31 11272749 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 11272749 c:FullAccounts 2021-04-01 2022-03-31 11272749 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 11272749









STERLING CAPITAL MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022
 
STERLING CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 11272749

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
188,958
-

Cash at bank and in hand
 5 
1,002
1,000

  
189,960
1,000

Creditors: amounts falling due within one year
 6 
(188,960)
-

Net current assets
  
 
 
1,000
 
 
1,000

Total assets less current liabilities
  
1,000
1,000

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

  
1,000
1,000


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 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 comprehensive income 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 29 March 2023.




S E Klein
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
STERLING CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Sterling Capital Management Limited is a private company limited by shares and incorporated in England & Wales (registered number 11272749). The registered office is 10 Devonshire House Marlborough Drive, Bushey, United Kingdom, WD23 2RL.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

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.

 
2.4

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.

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 2
 
STERLING CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Debtors

2022
2021
£
£


Other debtors
188,958
-

188,958
-



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
1,002
1,000

1,002
1,000



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
188,960
-

188,960
-


Page 3