Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsetrue2023-05-05false2Tour operatorThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14849320 2023-05-04 14849320 2023-05-05 2023-11-30 14849320 2022-05-05 2023-05-04 14849320 2023-11-30 14849320 c:Director1 2023-05-05 2023-11-30 14849320 c:Director2 2023-05-05 2023-11-30 14849320 d:OfficeEquipment 2023-05-05 2023-11-30 14849320 d:OfficeEquipment 2023-11-30 14849320 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-05 2023-11-30 14849320 d:ComputerSoftware 2023-05-05 2023-11-30 14849320 d:ComputerSoftware 2023-11-30 14849320 d:CurrentFinancialInstruments 2023-11-30 14849320 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14849320 d:ShareCapital 2023-11-30 14849320 d:RetainedEarningsAccumulatedLosses 2023-11-30 14849320 c:FRS102 2023-05-05 2023-11-30 14849320 c:AuditExempt-NoAccountantsReport 2023-05-05 2023-11-30 14849320 c:FullAccounts 2023-05-05 2023-11-30 14849320 c:PrivateLimitedCompanyLtd 2023-05-05 2023-11-30 14849320 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-05 2023-11-30 14849320 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 14849320










CASAS CANTABRICAS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
CASAS CANTABRICAS LIMITED
REGISTERED NUMBER: 14849320

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
653

  
653

Current assets
  

Debtors: amounts falling due within one year
  
22,232

Cash at bank and in hand
  
104,409

  
126,641

Creditors: amounts falling due within one year
  
(115,214)

Net current assets
  
 
 
11,427

Total assets less current liabilities
  
12,080

  

Net assets
  
12,080


Capital and reserves
  

Called up share capital 
  
10,000

Profit and loss account
  
2,080

  
12,080


The directors consider 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 directors acknowledge their 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 income statement 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 on 19 August 2024.




Page 1

 
CASAS CANTABRICAS LIMITED
REGISTERED NUMBER: 14849320
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

Graham Edgeley
Andrew McCulloch
Director
Director

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

Page 2

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Casas Cantabricas Limited is a private company limited by shares which is registered and incorporated in
England and Wales, United Kingdom. The company was incorporated on 5th May 2023 and started trading on 1st June 2023.
The address of the registered office is: 8th Floor Becket House, 36 Old Jewry, London, United Kingdom, EC2R 8DD
The nature of the company's operations and principal activity are that of a tour operator.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Revenue

Turnover represents amounts receivable for sales of travel and related services net of VAT and trade
discounts. Income is recognised on a departure date basis. Any income that relates to travel commencing after year end of the accounting period is carried forward as deferred income.

Page 3

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
3.1

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 reporting date in the countries where the Company operates and generates income.

 
3.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
3.3

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.

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
-
25%
Straight line

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.

 
3.4

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.

 
3.5

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.

Page 4

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
3.6

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.

 
3.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
3.8

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.

  
3.9

Advance receipts and payments

All revenue received relating to tours with departure dates after the financial year end are treated as
advance receipts as at the balance sheet date and are seperately disclosed under accruals and
deferred income.
Payments made to suppliers in respect of future departures are treated as advance payments and
are seperately disclosed under prepayments and accrued income.


4.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.


Intangible assets



Computer software

£



Cost


Intra-group transfers
14,738



At 30 November 2023

14,738



Amortisation


Amortisation transfer from group
14,738



At 30 November 2023

14,738



Net book value



At 30 November 2023
-




6.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
681



At 30 November 2023

681



Depreciation


Charge for the period on owned assets
28



At 30 November 2023

28



Net book value



At 30 November 2023
653

Page 6

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

7.


Debtors

2023
£


Trade debtors
1,300

Other debtors
13,862

Prepayments and accrued income
7,070

22,232


Included within "prepayments and accrued income" are amounts relating to payments in advance to
suppliers for holidays departing after the year end, the total of which amounts to £7,070.


8.


Cash and cash equivalents

2023
£

Cash at bank and in hand
104,409

104,409



9.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
11,123

Corporation tax
1,977

Other creditors
48,025

Accruals and deferred income
54,089

115,214


Included within "Accruals and deferred income" above are amounts relating to customer monies held on
account for holidays departing after the year end, the total of which amount to £49,089.

Page 7

 
CASAS CANTABRICAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

10.


Related party transactions

At the balance sheet date the company owes £32,177 to Mr G J Edgeley & Mrs L E Edgeley, the shareholders of the company.
At the balance sheet date the company owes £15,848 to C Ferron, the shareholder of the company.


11.


Controlling party

The ultimate controlling parties of the company are G J Edgeley and A P McCulloch.

 
Page 8