Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-03-01falseNo description of principal activity0truetruefalse 14651686 2023-02-28 14651686 2023-03-01 2024-02-29 14651686 2022-02-09 2023-02-08 14651686 2024-02-29 14651686 2 2023-03-01 2024-02-29 14651686 d:Director1 2023-03-01 2024-02-29 14651686 e:OfficeEquipment 2023-03-01 2024-02-29 14651686 e:OfficeEquipment 2024-02-29 14651686 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 14651686 e:CurrentFinancialInstruments 2024-02-29 14651686 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 14651686 e:ShareCapital 2023-03-01 2024-02-29 14651686 e:ShareCapital 2024-02-29 14651686 e:OtherMiscellaneousReserve 2023-03-01 2024-02-29 14651686 e:OtherMiscellaneousReserve 2024-02-29 14651686 e:OtherMiscellaneousReserve 2 2023-03-01 2024-02-29 14651686 e:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 14651686 e:RetainedEarningsAccumulatedLosses 2024-02-29 14651686 e:RetainedEarningsAccumulatedLosses 2 2023-03-01 2024-02-29 14651686 d:FRS102 2023-03-01 2024-02-29 14651686 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 14651686 d:FullAccounts 2023-03-01 2024-02-29 14651686 d:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 14651686 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 14651686










CASA KIRASA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CASA KIRASA LIMITED
REGISTERED NUMBER: 14651686

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,107

  
1,107

Current assets
  

Stocks
  
2,238,252

Debtors: amounts falling due within one year
 6 
2,269

Cash at bank and in hand
  
253,581

  
2,494,102

Creditors: amounts falling due within one year
 7 
(1,925,826)

Net current assets
  
 
 
568,276

Total assets less current liabilities
  
569,383

  

Net assets
  
569,383


Capital and reserves
  

Called up share capital 
  
400,000

Other reserves
  
186,261

Profit and loss account
  
(16,878)

  
569,383


Page 1

 
CASA KIRASA LIMITED
REGISTERED NUMBER: 14651686
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges her 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 statement of comprehensive income 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: 






K Taylor
Director

Date: 13 November 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
CASA KIRASA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the year

Loss for the year

-
-
(63,535)
(63,535)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(63,535)
(63,535)


Contributions by and distributions to owners

Shares issued during the year
400,000
-
-
400,000

Transfer to/from profit and loss account
-
(46,657)
46,657
-

Capital contribution
-
232,918
-
232,918


Total transactions with owners
400,000
186,261
46,657
632,918


At 29 February 2024
400,000
186,261
(16,878)
569,383

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
CASA KIRASA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Casa Kirasa Limited (registered company number 14651686) is a private company limited by shares and incorporated in England and Wales. Its registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 
The company incorporated on 9 February 2023 and started trading on 11 July 2023.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CASA KIRASA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 5

 
CASA KIRASA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employee

The average monthly number of employees, including directors, during the period was 1.

Page 6

 
CASA KIRASA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,155



At 29 February 2024

1,155



Depreciation


Charge for the year on owned assets
48



At 29 February 2024

48



Net book value



At 29 February 2024
1,107


5.


Stocks

2024
£

Work in progress
2,238,252

2,238,252



6.


Debtors

2024
£


Prepayments and accrued income
2,269

2,269


Page 7

 
CASA KIRASA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
1,313,739

Other creditors
607,354

Accruals and deferred income
4,733

1,925,826



8.


Controlling party

The ultimate controlling party of Casa Kirasa Limited is Wellcorp Holdings Trading Limited, which is a private company limited by shares and registered in British Virgin Islands.

 
Page 8