IRIS Accounts Production v24.2.0.383 SC656476 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6564762023-03-31SC6564762024-03-31SC6564762023-04-012024-03-31SC6564762022-03-31SC6564762022-04-012023-03-31SC6564762023-03-31SC656476ns15:Scotland2023-04-012024-03-31SC656476ns14:PoundSterling2023-04-012024-03-31SC656476ns10:Director12023-04-012024-03-31SC656476ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC656476ns10:SmallEntities2023-04-012024-03-31SC656476ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC656476ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC656476ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC656476ns10:FullAccounts2023-04-012024-03-31SC656476ns10:EntityHasNeverTraded2023-04-012024-03-31SC656476ns10:RegisteredOffice2023-04-012024-03-31SC656476ns5:CurrentFinancialInstruments2024-03-31SC656476ns5:CurrentFinancialInstruments2023-03-31SC656476ns5:ShareCapital2024-03-31SC656476ns5:ShareCapital2023-03-31SC656476ns5:RetainedEarningsAccumulatedLosses2024-03-31SC656476ns5:RetainedEarningsAccumulatedLosses2023-03-31SC656476ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC656476ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC656476 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Casetta Limited

Casetta Limited (Registered number: SC656476)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Casetta Limited

Company Information
For The Year Ended 31 March 2024







DIRECTOR: F Presta





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC656476 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Casetta Limited (Registered number: SC656476)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,952 215,545

CURRENT ASSETS
Debtors 5 20,830 -
Cash at bank and in hand 11,144 128,811
31,974 128,811
CREDITORS
Amounts falling due within one year 6 256,747 348,097
NET CURRENT LIABILITIES (224,773 ) (219,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,179

(3,741

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,079 (3,841 )
SHAREHOLDERS' FUNDS 1,179 (3,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





F Presta - Director


Casetta Limited (Registered number: SC656476)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Casetta Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis on the understanding the director will continue to financially support the business.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade 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.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Casetta Limited (Registered number: SC656476)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 215,545
Additions 10,407
At 31 March 2024 225,952
NET BOOK VALUE
At 31 March 2024 225,952
At 31 March 2023 215,545

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 20,830 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 287 -
Other creditors 256,460 348,097
256,747 348,097

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Casetta Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Casetta Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Casetta Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Casetta Limited and state those matters that we have agreed to state to the director of Casetta Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Casetta Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Casetta Limited. You consider that Casetta Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Casetta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


24 October 2024