Registered number
11682627
Casa Tuscany Holdings Ltd
Report and Accounts
31 March 2024
Casa Tuscany Holdings Ltd
Registered number: 11682627
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be property marketing services and related activities
Directors
The following persons served as directors during the year:
Karen D Roos
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 August 2024 and signed on its behalf.
Karen Diane Roos
Director
Casa Tuscany Holdings Ltd
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Turnover 116,042 116,852
Cost of sales (1,027) (553)
Gross profit 115,015 116,299
Administrative expenses (42,608) (43,287)
Operating profit 72,407 73,012
Interest receivable 188 176
Profit before taxation 72,595 73,188
Tax on profit (15,672) (13,906)
Profit for the financial year 56,923 59,282
Casa Tuscany Holdings Ltd
Registered number: 11682627
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 8,254 1,929
PAYE repayable - 1,121
VAT Repayable - 708
Cash at bank and in hand 61,832 55,159
70,086 58,917
Creditors: amounts falling due within one year 4 (15,603) (13,907)
Net current assets 54,483 45,010
Net assets 54,483 45,010
Capital and reserves
Called up share capital 1 1
Profit and loss account 54,482 45,009
Shareholders' funds 54,483 45,010
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Karen Diane Roos
Director
Approved by the board on 27 August 2024
Casa Tuscany Holdings Ltd
Statement of Changes in Equity
for the year ended 31 March 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2022 1 - - 37,077 37,078
Profit for the financial year 59,282 59,282
Dividends (51,350) (51,350)
At 31 March 2023 1 - - 45,009 45,010
At 1 April 2023 1 - - 45,009 45,010
Profit for the financial year 56,923 56,923
Dividends (47,450) (47,450)
At 31 March 2024 1 - - 54,482 54,483
Casa Tuscany Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 4,767 1,929
Other debtors 3,487 -
8,254 1,929
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1
Taxation and social security costs 15,603 13,906
15,603 13,907
5 Other information
Casa Tuscany Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Milton Hall
Ely Road
Milton Hall
Cambridge
CB24 6WZ
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