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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
Page
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Cassiopea Service Ltd Company Information for the year ended 28 February 2023
Director
Mr S Muscas
Company Number
09436218 (England and Wales)
Registered Office
16 High Holborn London WC1V 6BX
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Cassiopea Service Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
250,000 
250,000 
Investments
1 
1 
250,001 
250,001 
Current assets
Debtors
99,999 
99,999 
Cash at bank and in hand
1 
1 
100,000 
100,000 
Creditors: amounts falling due within one year
(25,035)
(24,447)
Net current assets
74,965 
75,553 
Net assets
324,966 
325,554 
Capital and reserves
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
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Cassiopea Service Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Foreign exchange
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
Investments in shares are included at fair value.
Deferred taxation
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.
4
Investment property
2023 
£ 
Fair value at 1 March 2022
250,000 
At 28 February 2023
250,000 
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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 
6
Debtors
2023 
2022 
£ 
£ 
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 
Accruals
1,980 
3,372 
25,035 
24,447 
8
Share capital
2023 
2022 
£ 
£ 
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).
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