Kasimo Limited 04307849 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of buying and selling own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 04307849 2023-01-01 2023-12-31 04307849 2023-12-31 04307849 core:OtherReservesSubtotal 2023-12-31 04307849 core:RetainedEarningsAccumulatedLosses 2023-12-31 04307849 core:ShareCapital 2023-12-31 04307849 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04307849 bus:SmallEntities 2023-01-01 2023-12-31 04307849 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04307849 bus:FullAccounts 2023-01-01 2023-12-31 04307849 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04307849 bus:RegisteredOffice 2023-01-01 2023-12-31 04307849 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 04307849 bus:Director2 2023-01-01 2023-12-31 04307849 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04307849 countries:EnglandWales 2023-01-01 2023-12-31 04307849 2022-12-31 04307849 2022-01-01 2022-12-31 04307849 2022-12-31 04307849 core:OtherReservesSubtotal 2022-12-31 04307849 core:RetainedEarningsAccumulatedLosses 2022-12-31 04307849 core:ShareCapital 2022-12-31 04307849 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04307849

Kasimo Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Kasimo Limited
(Registration number: 04307849)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Kasimo Limited
(Registration number: 04307849)

Company Information

Directors

Mrs Tiffany Louise Nieuwoudt

Mr Martin Henry Oldridge

Company secretary

Mrs Tiffany Louise Nieuwoudt

Registered office

Oldwood House
Aish Road
Stoke Gabriel
Totnes
Devon
TQ9 6PX

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Kasimo Limited
(Registration number: 04307849)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

2,380,617

2,357,683

Current assets

 

Cash at bank and in hand

 

6

6

Creditors: Amounts falling due within one year

5

(1,741,690)

(1,723,659)

Net current liabilities

 

(1,741,684)

(1,723,653)

Total assets less current liabilities

 

638,933

634,030

Provisions for liabilities

(166,250)

(162,568)

Net assets

 

472,683

471,462

Capital and reserves

 

Called up share capital

6

6

Other reserves

498,750

487,704

Profit and loss account

(26,073)

(16,248)

Total equity

 

472,683

471,462

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Kasimo Limited
(Registration number: 04307849)

Balance Sheet as at 31 December 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mrs Tiffany Louise Nieuwoudt
Company secretary and director

 

Kasimo Limited
(Registration number: 04307849)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oldwood House
Aish Road
Stoke Gabriel
Totnes
Devon
TQ9 6PX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Kasimo Limited
(Registration number: 04307849)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 January

2,357,683

Additions

8,206

Revaluation

14,728

At 31 December

2,380,617

The fair value of the company's investment property was revalued by an independent valuer on 10 May 2023 on an open market basis. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,715,619 (2022 - £1,707,412).

 

Kasimo Limited
(Registration number: 04307849)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

2023
£

2022
£

Due within one year

Other creditors

1,739,710

1,723,119

Accrued expenses

1,980

540

1,741,690

1,723,659