ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-04-011No description of principal activitytrue 08805003 2022-04-01 2023-03-31 08805003 2021-04-01 2022-03-31 08805003 2023-03-31 08805003 2022-03-31 08805003 c:Director1 2022-04-01 2023-03-31 08805003 d:ShareCapital 2023-03-31 08805003 d:ShareCapital 2022-03-31 08805003 d:RetainedEarningsAccumulatedLosses 2023-03-31 08805003 d:RetainedEarningsAccumulatedLosses 2022-03-31 08805003 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08805003 c:OrdinaryShareClass1 2023-03-31 08805003 c:OrdinaryShareClass1 2022-03-31 08805003 c:OrdinaryShareClass2 2022-04-01 2023-03-31 08805003 c:OrdinaryShareClass2 2023-03-31 08805003 c:OrdinaryShareClass2 2022-03-31 08805003 c:FRS102 2022-04-01 2023-03-31 08805003 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08805003 c:FullAccounts 2022-04-01 2023-03-31 08805003 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08805003 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08805003

SAMBETH LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023


SAMBETH LIMITED REGISTERED NUMBER:08805003

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Investments	4		1,467,021		1,467,021
Current assets
Cash at bank and in hand	5	787		787

Net assets			1,467,808		1,467,808

Capital and reserves
Called up share capital	6	60,000	60,000
Profit and loss account		1,407,808	1,407,808
		1,467,808	1,467,808

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 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 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 by:

T Rodwell

Director

Date: 15 December 2023

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

Page 1


SAMBETH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Sambeth Limited is a private company limited by shares, registered in England and Wales, registered number 08805003. The registered office and principal place of business is Unit 5, Ellis Court Manton Park, Cockerell Road, Corby, Northamptonshire, NN17 5DY.

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 Company's functional and presentational currency is GBP and the financial statements have
been presented in round GBP.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

2.3

Going concern

The directors prepare monthly management accounts and compare performance against forecasts. The Company is reliant on the support of its subsidiary company but the directors consider that this support will continue for the foreseeable future. The accounts have therefore been prepared on a going concern basis.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 2


SAMBETH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2022	1,467,021
	At 31 March 2023	1,467,021

5.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	787	787

6.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

35,000 (2022 - 35,000) Y Ordinary shares of £1.00 each	35,000	35,000
25,000 (2022 - 25,000) Z Ordinary shares of £1.00 each	25,000	25,000

	60,000	60,000

Y Ordinary and Z Ordinary shares carry equal capital distribution right on a capital distribution value up to £1,500,000 thereafter differing rates apply.
The following additional rights are attached to Y Ordinary shares:
- The right to appoint a director
- The right of pre-emption over Z Ordinary shares, with a reduced obligation to offer Y Ordinary shares to Z Ordinary shareholders.

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