Casaya Limited 07657802 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of an Estate Agency. Digita Accounts Production Advanced 6.30.9574.0 true true 07657802 2022-07-01 2023-06-30 07657802 2023-06-30 07657802 bus:Director1 1 2023-06-30 07657802 bus:OrdinaryShareClass1 2023-06-30 07657802 core:CurrentFinancialInstruments 2023-06-30 07657802 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07657802 core:Non-currentFinancialInstruments 2023-06-30 07657802 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07657802 core:Goodwill 2023-06-30 07657802 core:OtherPropertyPlantEquipment 2023-06-30 07657802 bus:SmallEntities 2022-07-01 2023-06-30 07657802 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07657802 bus:FullAccounts 2022-07-01 2023-06-30 07657802 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07657802 bus:RegisteredOffice 2022-07-01 2023-06-30 07657802 bus:Director1 2022-07-01 2023-06-30 07657802 bus:Director1 1 2022-07-01 2023-06-30 07657802 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07657802 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07657802 core:Goodwill 2022-07-01 2023-06-30 07657802 core:OfficeEquipment 2022-07-01 2023-06-30 07657802 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 07657802 countries:AllCountries 2022-07-01 2023-06-30 07657802 2022-06-30 07657802 bus:Director1 1 2022-06-30 07657802 core:Goodwill 2022-06-30 07657802 core:OtherPropertyPlantEquipment 2022-06-30 07657802 2021-07-01 2022-06-30 07657802 2022-06-30 07657802 bus:Director1 1 2022-06-30 07657802 bus:OrdinaryShareClass1 2022-06-30 07657802 core:CurrentFinancialInstruments 2022-06-30 07657802 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 07657802 core:Non-currentFinancialInstruments 2022-06-30 07657802 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 07657802 core:OtherPropertyPlantEquipment 2022-06-30 07657802 bus:Director1 1 2021-07-01 2022-06-30 07657802 bus:Director1 1 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07657802

Casaya Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Casaya Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Casaya Limited

Company Information

Director

Mr Robert Ray Price

Registered office

Belvoir Cardiff 178 Whitchurch Road
Heath
Cardiff
CF14 3NB

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Casaya Limited

(Registration number: 07657802)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

5,727

2,324

Current assets

 

Cash at bank and in hand

 

91,386

116,956

Creditors: Amounts falling due within one year

6

(94,562)

(95,143)

Net current (liabilities)/assets

 

(3,176)

21,813

Total assets less current liabilities

 

2,551

24,137

Creditors: Amounts falling due after more than one year

6

(1,679)

(21,210)

Net assets

 

872

2,927

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

871

2,926

Shareholders' funds

 

872

2,927

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 March 2024

.........................................

Mr Robert Ray Price
Director

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Belvoir Cardiff 178 Whitchurch Road
Heath
Cardiff
CF14 3NB
Wales

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements in applying accounting policies and key sources of estimates uncertainty and estimates

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Straight line at 20%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by management. Management uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line at 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2022

298,467

298,467

At 30 June 2023

298,467

298,467

Amortisation

At 1 July 2022

298,467

298,467

At 30 June 2023

298,467

298,467

Carrying amount

At 30 June 2023

-

-

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

13,470

13,470

Additions

5,440

5,440

At 30 June 2023

18,910

18,910

Depreciation

At 1 July 2022

11,146

11,146

Charge for the year

2,037

2,037

At 30 June 2023

13,183

13,183

Carrying amount

At 30 June 2023

5,727

5,727

At 30 June 2022

2,324

2,324

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

19,532

18,606

Trade creditors

 

355

367

Taxation and social security

 

17,217

20,151

Accruals and deferred income

 

660

660

Other creditors

 

56,798

55,359

 

94,562

95,143

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,679

21,210

 

Casaya Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

1,679

21,210

2023
£

2022
£

Current loans and borrowings

Bank borrowings

19,532

18,606

9

Related party transactions

Creditors due within one year include amounts owed to the director of £12,149 (2022 -£43). The loan is repayable on demand.

Transactions with the director

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Mr Robert Ray Price

Amounts owed to/ (from) the Director

43

12,106

12,149

       
     

 

2022

At 1 July 2021
£

Repayments by director
£

At 30 June 2022
£

Mr Robert Ray Price

Amounts owed to/ (from) the Director

(4,872)

4,916

43