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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
Page
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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
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Kase Estates Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
50 
50 
Current assets
Debtors
6,240 
4,124 
Cash at bank and in hand
9,316 
540 
15,556 
4,664 
Creditors: amounts falling due within one year
(42,107)
(20,061)
Net current liabilities
(26,551)
(15,397)
Net liabilities
(26,501)
(15,347)
Capital and reserves
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
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Kase Estates Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Going concern
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
Investments in shares are included at Cost less Impairment.
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.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
50 
Valuation at 29 February 2024
50 
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Kase Estates Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
6,240 
3,624 
Accrued income and prepayments
- 
500 
6,240 
4,124 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
41,407 
19,411 
Accruals
700 
650 
42,107 
20,061 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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