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Company Registration No. 09308751 (England and Wales)
Cazlow Ltd Unaudited accounts for the year ended 31 May 2023
Cazlow Ltd Unaudited accounts Contents
Page
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Cazlow Ltd Company Information for the year ended 31 May 2023
Directors
Morris Low Zlata Low
Company Number
09308751 (England and Wales)
Registered Office
83 Ravensdale Road London N16 6TH England
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Cazlow Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,396 
2,270 
Investment property
1,568,459 
995,534 
1,578,855 
997,804 
Current assets
Debtors
21,449 
11,071 
Cash at bank and in hand
2,552 
5,690 
24,001 
16,761 
Creditors: amounts falling due within one year
(345,735)
(130,129)
Net current liabilities
(321,734)
(113,368)
Total assets less current liabilities
1,257,121 
884,436 
Creditors: amounts falling due after more than one year
(1,151,016)
(738,360)
Provisions for liabilities
Deferred tax
(24,500)
(24,500)
Net assets
81,605 
121,576 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
81,603 
121,574 
Shareholders' funds
81,605 
121,576 
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Morris Low Director Company Registration No. 09308751
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Cazlow Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Cazlow Ltd is a private company, limited by shares, registered in England and Wales, registration number 09308751. The registered office is 83 Ravensdale Road, London, N16 6TH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Cazlow Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
4,411 
Additions
10,726 
At 31 May 2023
15,137 
Depreciation
At 1 June 2022
2,141 
Charge for the year
2,600 
At 31 May 2023
4,741 
Net book value
At 31 May 2023
10,396 
At 31 May 2022
2,270 
5
Transactions with related parties
Included within debtors are amounts aggregating to 2023: £416,000 (2022: £4,600) due from companies with a director in common with this company. Included within creditors are amounts aggregating to 2023: £247,634 (2022: 67,359) owed to companies with directors in common with this company.
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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