Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08241229 2022-07-01 2023-06-30 08241229 2021-07-01 2022-06-30 08241229 2023-06-30 08241229 2022-06-30 08241229 c:Director1 2022-07-01 2023-06-30 08241229 d:OfficeEquipment 2022-07-01 2023-06-30 08241229 d:OfficeEquipment 2023-06-30 08241229 d:OfficeEquipment 2022-06-30 08241229 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08241229 d:CurrentFinancialInstruments 2023-06-30 08241229 d:CurrentFinancialInstruments 2022-06-30 08241229 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08241229 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08241229 d:ShareCapital 2023-06-30 08241229 d:ShareCapital 2022-06-30 08241229 d:RetainedEarningsAccumulatedLosses 2023-06-30 08241229 d:RetainedEarningsAccumulatedLosses 2022-06-30 08241229 c:FRS102 2022-07-01 2023-06-30 08241229 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08241229 c:FullAccounts 2022-07-01 2023-06-30 08241229 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08241229 2 2022-07-01 2023-06-30 08241229 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 08241229









CASA & COUNTRY ITALIAN PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
REGISTERED NUMBER: 08241229

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
453
370

  
453
370

Current assets
  

Debtors: amounts falling due within one year
 5 
41,356
3,280

Cash at bank and in hand
 6 
28,266
53,738

  
69,622
57,018

Creditors: amounts falling due within one year
 7 
(14,243)
(12,645)

Net current assets
  
 
 
55,379
 
 
44,373

Total assets less current liabilities
  
55,832
44,743

  

Net assets
  
55,832
44,743


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
55,732
44,643

  
55,832
44,743


Page 1

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
REGISTERED NUMBER: 08241229
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 income and retained earnings 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 by: 



G Bruce
Director

Date: 28 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

Casa & Country Italian Property Limited is a limited liability company incorporated and domiciled in England and Wales. 
The address of its registered office is:
Penrose
New Inn Lane
Shrawley
Worcester
WR6 6TE 
The financial statements are for the year ended 30 June 2023 (2022: year ended 30 June 2022). 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Revenue

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

Page 4

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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
-
33%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets
Page 5

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 6

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
2,237


Additions
383



At 30 June 2023

2,620



Depreciation


At 1 July 2022
1,867


Charge for the period on owned assets
300



At 30 June 2023

2,167



Net book value



At 30 June 2023
453



At 30 June 2022
370

Page 7

 
CASA & COUNTRY ITALIAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
40,000
-

Other debtors
856
2,280

Prepayments and accrued income
500
1,000

41,356
3,280



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,266
53,738

28,266
53,738



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
1,941
1,205

Other creditors
10,302
9,690

Accruals and deferred income
2,000
1,750

14,243
12,645



8.


Related party transactions


2023
2022
£
£

Amounts due from/(to) companies with directors in common
30,000
-
30,000
-

 
Page 8