Company Registration No. 09436218 (England and Wales)
Cassiopea Service Ltd
Unaudited accounts
for the year ended 28 February 2023
Cassiopea Service Ltd
Unaudited accounts
Contents
Cassiopea Service Ltd
Company Information
for the year ended 28 February 2023
Company Number
09436218 (England and Wales)
Registered Office
16 High Holborn
London
WC1V 6BX
Cassiopea Service Ltd
Statement of financial position
as at 28 February 2023
Investment property
250,000
250,000
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
(25,035)
(24,447)
Net current assets
74,965
75,553
Net assets
324,966
325,554
Called up share capital
350,001
350,001
Profit and loss account
(25,035)
(24,447)
Shareholders' funds
324,966
325,554
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2023 and were signed on its behalf by
Mr S Muscas
Director
Company Registration No. 09436218
Cassiopea Service Ltd
Notes to the Accounts
for the year ended 28 February 2023
Cassiopea Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 09436218. The registered office is 16 High Holborn, London, WC1V 6BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provision of FRS 102 Section 1A Small Entities. there were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 March 2022
250,000
At 28 February 2023
250,000
Cassiopea Service Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Investments
Other investments
Valuation at 1 March 2022
1
Valuation at 28 February 2023
1
Amounts falling due within one year
Other debtors
99,999
99,999
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,417
12,457
Loans from directors
14,638
8,618
Allotted, called up and fully paid:
350,001 Ordinary shares of £1 each
350,001
350,001
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).