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Company Registration No. 13933192 (England and Wales)
Kase Investments Limited Unaudited accounts for the year ended 29 February 2024
Kase Investments Limited Unaudited accounts Contents
Page
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Kase Investments Limited Company Information for the year ended 29 February 2024
Directors
Sonia Sodhi Arandeep Singh
Company Number
13933192 (England and Wales)
Registered Office
24 King Street Buildings King Street Enderby Leicestershire LE19 4NT UNITED KINGDOM
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Kase Investments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
82,993 
82,993 
Current assets
Debtors
541 
747 
Cash at bank and in hand
1,747 
476 
2,288 
1,223 
Creditors: amounts falling due within one year
(500)
(550)
Net current assets
1,788 
673 
Total assets less current liabilities
84,781 
83,666 
Creditors: amounts falling due after more than one year
(85,705)
(85,505)
Net liabilities
(924)
(1,839)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,024)
(1,939)
Shareholders' funds
(924)
(1,839)
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 Sodhi Director Company Registration No. 13933192
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Kase Investments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Kase Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 13933192. The registered office is 24 King Street Buildings, King Street, Enderby, Leicestershire, LE19 4NT , 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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
Investment property
2024 
£ 
Fair value at 1 March 2023
82,993 
At 29 February 2024
82,993 
Property value at purchase cost during the year.
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Kase Investments 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
241 
455 
Accrued income and prepayments
300 
292 
541 
747 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
500 
550 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
59,980 
59,980 
Loans from directors
25,725 
25,525 
85,705 
85,505 
Aggregate of amounts that fall due for payment after five years
- 
85,505 
A mortgage is secured against the investment property.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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