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REGISTERED NUMBER: 13460567 (England and Wales)



Financial Statements for the Year Ended 30 June 2024

for

Cassemnova Properties Limited

Cassemnova Properties Limited (Registered number: 13460567)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cassemnova Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S N Cassem





REGISTERED OFFICE: 1a London Road
Maidstone
ME16 8HS





REGISTERED NUMBER: 13460567 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Cassemnova Properties Limited (Registered number: 13460567)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 475,000 402,512

CURRENT ASSETS
Debtors 5 620 -
Cash at bank 5,810 657
6,430 657
CREDITORS
Amounts falling due within one year 6 (192,595 ) (135,375 )
NET CURRENT LIABILITIES (186,165 ) (134,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,835

267,794

CREDITORS
Amounts falling due after more than one
year

7

(286,875

)

(286,875

)

PROVISIONS FOR LIABILITIES 9 (7,899 ) -
NET LIABILITIES (5,939 ) (19,081 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (6,039 ) (19,181 )
SHAREHOLDERS' FUNDS (5,939 ) (19,081 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Cassemnova Properties Limited (Registered number: 13460567)

Statement of Financial Position - continued
30 June 2024


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 12 November 2024 and were signed by:





S N Cassem - Director


Cassemnova Properties Limited (Registered number: 13460567)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Cassemnova Properties Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for rent on the company's investment property.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continues its activities for foreseeable future, being a period of not less than twelve months from the approval of these accounts.

3. EMPLOYEES AND DIRECTORS

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

Cassemnova Properties Limited (Registered number: 13460567)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 402,512
Additions 30,916
Revaluations 41,572
At 30 June 2024 475,000
NET BOOK VALUE
At 30 June 2024 475,000
At 30 June 2023 402,512

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 41,572
Cost 433,428
475,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 433,428 402,512

investment property was valued on an open market value basis on 30 June 2024 by the company director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Prepayments and accrued income 620 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Payments on account 6,922 -
Director's current account 184,623 134,565
Accrued expenses 1,050 810
192,595 135,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loan 286,875 286,875

Cassemnova Properties Limited (Registered number: 13460567)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 286,875 286,875

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 286,875 286,875

The bank loan is secured on the investment property .

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 7,899 -

Deferred
tax
£   
Provided during year 7,899
Balance at 30 June 2024 7,899

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 July 2023 (19,181 )
Profit for the year 13,142
At 30 June 2024 (6,039 )