Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-010No description of principal activityfalse0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03209186 2023-01-01 2023-12-31 03209186 2022-01-01 2022-12-31 03209186 2023-12-31 03209186 2022-12-31 03209186 c:Director1 2023-01-01 2023-12-31 03209186 d:FreeholdInvestmentProperty 2023-12-31 03209186 d:FreeholdInvestmentProperty 2022-12-31 03209186 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 03209186 d:CurrentFinancialInstruments 2023-12-31 03209186 d:CurrentFinancialInstruments 2022-12-31 03209186 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03209186 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03209186 d:ShareCapital 2023-12-31 03209186 d:ShareCapital 2022-12-31 03209186 d:SharePremium 2023-12-31 03209186 d:SharePremium 2022-12-31 03209186 d:RevaluationReserve 2023-12-31 03209186 d:RevaluationReserve 2022-12-31 03209186 d:ForeignCurrencyTranslationReserve 2023-12-31 03209186 d:ForeignCurrencyTranslationReserve 2022-12-31 03209186 d:RetainedEarningsAccumulatedLosses 2023-12-31 03209186 d:RetainedEarningsAccumulatedLosses 2022-12-31 03209186 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03209186 c:OrdinaryShareClass1 2023-12-31 03209186 c:OrdinaryShareClass1 2022-12-31 03209186 c:FRS102 2023-01-01 2023-12-31 03209186 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03209186 c:FullAccounts 2023-01-01 2023-12-31 03209186 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03209186 2 2023-01-01 2023-12-31 03209186 5 2023-01-01 2023-12-31 03209186 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03209186









CASCIANO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CASCIANO LIMITED
REGISTERED NUMBER: 03209186

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,500,000
1,600,000

  
1,500,000
1,600,000

Current assets
  

Cash at bank and in hand
  
2,058
556

  
2,058
556

Creditors: amounts falling due within one year
 5 
(295,000)
(289,063)

Net current liabilities
  
 
 
(292,942)
 
 
(288,507)

Total assets less current liabilities
  
1,207,058
1,311,493

  

Net assets
  
1,207,058
1,311,493


Capital and reserves
  

Called up share capital 
 6 
691
716

Share premium account
  
850,307
850,307

Revaluation reserve
  
165,613
265,613

Foreign exchange reserve
  
227
202

Profit and loss account
  
190,220
194,655

  
1,207,058
1,311,493


Page 1

 
CASCIANO LIMITED
REGISTERED NUMBER: 03209186
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 year 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 profit and loss account 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 by: 




Maria E Bergamasco
Director

Date: 17 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CASCIANO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Casciano Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG and principal place of business at Via Canonica 4, San Gimignano, 53037 Siena, Italy.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the company. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is EUR.

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CASCIANO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 4

 
CASCIANO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

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.

 
2.10

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.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
CASCIANO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,600,000


Defecit on revaluation
(100,000)



At 31 December 2023
1,500,000

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 December 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,126,106
1,126,106

1,126,106
1,126,106


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Deposits held
2,145
2,145

Other creditors
291,299
285,351

Accruals and deferred income
1,556
1,567

295,000
289,063


Page 6

 
CASCIANO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



691 (2022 - 716) Ordinary shares of £1.00 each
691
716


 
Page 7