Company Registration No. 13616983 (England and Wales)
Kase Estates Limited
Unaudited accounts
for the year ended 29 February 2024
Kase Estates Limited
Unaudited accounts
Contents
Kase Estates Limited
Company Information
for the year ended 29 February 2024
Directors
Arandeep Singh Sodhi
Sonia Kaur Sodhi
Company Number
13616983 (England and Wales)
Registered Office
24 King Street Buildings
King Street
Enderby
LE19NT
UNITED KINGDOM
Kase Estates Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
9,316
540
Creditors: amounts falling due within one year
(42,107)
(20,061)
Net current liabilities
(26,551)
(15,397)
Net liabilities
(26,501)
(15,347)
Called up share capital
100
100
Profit and loss account
(26,601)
(15,447)
Shareholders' funds
(26,501)
(15,347)
For the year ending 29 February 2024 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.
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 31 July 2024 and were signed on its behalf by
Sonia Kaur Sodhi
Director
Company Registration No. 13616983
Kase Estates Limited
Notes to the Accounts
for the year ended 29 February 2024
Kase Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 13616983. The registered office is 24 King Street Buildings, King Street, Enderby, LE19NT , UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The directors have a reasonable expectation that the company has adequate resources to continue is operational existence for the foreseeable future. Thus they adopt the going concern basis in the preparation of the annual financial statements.
Investments in shares are included at Cost less Impairment.
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
Investments
Subsidiary undertakings
Valuation at 1 March 2023
50
Valuation at 29 February 2024
50
Kase Estates Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Deferred tax asset
6,240
3,624
Accrued income and prepayments
-
500
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
41,407
19,411
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).