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Registered number: 05502798
Cassini Publishing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05502798
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 304 236
304 236
CURRENT ASSETS
Debtors 6 26,270 15,921
Cash at bank and in hand 12,520 18,090
38,790 34,011
Creditors: Amounts Falling Due Within One Year 7 (6,306 ) (3,466 )
NET CURRENT ASSETS (LIABILITIES) 32,484 30,545
TOTAL ASSETS LESS CURRENT LIABILITIES 32,788 30,781
NET ASSETS 32,788 30,781
CAPITAL AND RESERVES
Called up share capital 8 54,697 54,697
Share premium account 282,073 282,073
Profit and Loss Account (303,982 ) (305,989 )
SHAREHOLDERS' FUNDS 32,788 30,781
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For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B M Quinn
Director
23/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cassini Publishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05502798 . The registered office is The Bowler Barn, Bartletts Court, Littlewick Green, Berkshire, SL6 3RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of images and maps. They are amortised to profit and loss account over the estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
2.5. Financial Instruments
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.
2.6. Foreign Currencies
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.
2.7. 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.
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2.8. Research and development
Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.
Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 50,075
As at 31 March 2024 50,075
Amortisation
As at 1 April 2023 50,075
As at 31 March 2024 50,075
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 372
Additions 128
As at 31 March 2024 500
Depreciation
As at 1 April 2023 136
Provided during the period 60
As at 31 March 2024 196
Net Book Value
As at 31 March 2024 304
As at 1 April 2023 236
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,386 11,795
Prepayments and accrued income 6,884 4,126
26,270 15,921
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 450 -
Other taxes and social security 3,441 2,487
Other creditors 1,525 374
Accruals and deferred income 890 605
6,306 3,466
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 54,697 54,697
9. Related Party Transactions
During the year, the directors received remuneration totalling £6,000 (2023: £8,370).
10. Ultimate Controlling Party Not Known
The company has no overall controlling party.
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