ACCOUNTS - Final Accounts

STRANGEWAYS (UK) LIMITED - Company Information

Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-302022-05-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06339408 2022-05-01 2023-04-30 06339408 2021-05-01 2022-04-30 06339408 2023-04-30 06339408 2022-04-30 06339408 c:Director1 2022-05-01 2023-04-30 06339408 c:Director2 2022-05-01 2023-04-30 06339408 c:RegisteredOffice 2022-05-01 2023-04-30 06339408 d:OfficeEquipment 2022-05-01 2023-04-30 06339408 d:OfficeEquipment 2023-04-30 06339408 d:OfficeEquipment 2022-04-30 06339408 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06339408 d:CurrentFinancialInstruments 2023-04-30 06339408 d:CurrentFinancialInstruments 2022-04-30 06339408 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06339408 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 06339408 d:ShareCapital 2023-04-30 06339408 d:ShareCapital 2022-04-30 06339408 d:RetainedEarningsAccumulatedLosses 2023-04-30 06339408 d:RetainedEarningsAccumulatedLosses 2022-04-30 06339408 c:FRS102 2022-05-01 2023-04-30 06339408 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 06339408 c:FullAccounts 2022-05-01 2023-04-30 06339408 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06339408 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 06339408

STRANGEWAYS (UK) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

STRANGEWAYS (UK) LIMITED

COMPANY INFORMATION

Directors	D Hughes
	C Woods


Registered number	06339408


Registered office	89 Spa Road
	London
	SE16 3SG


Trading Address	26 Castle Street
	Hereford
	Herefordshire
	HR1 2NW



Accountants	Greenback Alan LLP
	Chartered Accountants
	89 Spa Road
	London
	SE16 3SG

STRANGEWAYS (UK) LIMITED

REGISTERED NUMBER: 06339408

BALANCE SHEET

AS AT 30 APRIL 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		10,017		3,781
			10,017		3,781
Current assets
Debtors: amounts falling due within one year	5	114,450		183,007
Cash at bank and in hand	6	1,924,470		826,014
		2,038,920		1,009,021
Creditors: amounts falling due within one year	7	(244,989)		(185,375)
Net current assets			1,793,931		823,646
Total assets less current liabilities			1,803,948		827,427

Net assets			1,803,948		827,427

Capital and reserves
Called up share capital	10,000	10,000
Profit and loss account	1,793,948	817,427
	1,803,948	827,427

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 25 April 2024.

C Woods

Director

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STRANGEWAYS (UK) LIMITED

REGISTERED NUMBER: 06339408

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2023

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

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STRANGEWAYS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

1.	General information

Strangeways (UK) Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is 89 Spa Road, London, SE16 3SG and the place of business is 4 Castle Street, Herefored, Herefordshire, HR1 2NL.

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 recognition

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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STRANGEWAYS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss 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 balance sheet 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.

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

20%

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 profit or loss.

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.

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STRANGEWAYS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

2.10

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 2 (2022 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 May 2022	5,901
	Additions	9,271
	At 30 April 2023	15,172
	Depreciation
	At 1 May 2022	2,121
	Charge for the year on owned assets	3,034
	At 30 April 2023	5,155
	Net book value
	At 30 April 2023	10,017
	At 30 April 2022	3,781

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STRANGEWAYS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

Debtors

					2023	2022
					£	£


Trade debtors	65,320	133,460
Other debtors	48,655	48,654
Prepayments and accrued income	475	893
	114,450	183,007

6.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	1,924,470	826,014
	1,924,470	826,014

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Corporation tax	238,222	134,448
Other taxation and social security	6,603	27,398
Other creditors	164	23,529
	244,989	185,375

8.	Pension commitments

9.	Related party transactions
	Included in other creditors is £108 (2022 - £15,806) due to C Woods, a director, and £55 (2022 - £7,723) due to D Hughes, a director.

10.	Controlling party

The company is controlled by the directors, by virtue of them owning 100% of the issued share capital.

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