Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09749915 Mr Neoclis Neocleous Mrs Joanna Neocleous iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09749915 2023-02-28 09749915 2024-02-29 09749915 2023-03-01 2024-02-29 09749915 frs-core:CurrentFinancialInstruments 2024-02-29 09749915 frs-core:Non-currentFinancialInstruments 2024-02-29 09749915 frs-core:RevaluationReserve 2023-03-01 2024-02-29 09749915 frs-core:RevaluationReserve 2024-02-29 09749915 frs-core:ShareCapital 2024-02-29 09749915 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09749915 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09749915 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09749915 frs-bus:SmallEntities 2023-03-01 2024-02-29 09749915 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09749915 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09749915 frs-bus:Director1 2023-03-01 2024-02-29 09749915 frs-bus:Director2 2023-03-01 2024-02-29 09749915 frs-countries:EnglandWales 2023-03-01 2024-02-29 09749915 2022-02-28 09749915 2023-02-28 09749915 2022-03-01 2023-02-28 09749915 frs-core:CurrentFinancialInstruments 2023-02-28 09749915 frs-core:Non-currentFinancialInstruments 2023-02-28 09749915 frs-core:RevaluationReserve 2023-02-28 09749915 frs-core:ShareCapital 2023-02-28 09749915 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09749915
Neo-Cass Holdings Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09749915
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,454,144 937,401
1,454,144 937,401
CURRENT ASSETS
Debtors 5 - 283
Investments 6 140 140
Cash at bank and in hand 64,038 284,321
64,178 284,744
Creditors: Amounts Falling Due Within One Year 7 (396,092 ) (373,162 )
NET CURRENT ASSETS (LIABILITIES) (331,914 ) (88,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,122,230 848,983
Creditors: Amounts Falling Due After More Than One Year 8 (318,750 ) (318,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,150 ) -
NET ASSETS 800,330 530,233
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 12,599 -
Profit and Loss Account 787,631 530,133
SHAREHOLDERS' FUNDS 800,330 530,233
Page 1
Page 2
For the year ending 29 February 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
Mr Neoclis Neocleous
Director
12/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neo-Cass Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09749915 . The registered office is Wellington House 273-275 High Street, London Colney, St Albans, Hertfordshire, AL2 1HA.
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
Rental income represents rent receivable in the period to which it relates excluding VAT.
2.3. Investment Properties
Investment property, which is property held to earn rentals and / or for capital appreciation, is initially recognised at cost, which includes the pourchase cost and any directly attributable expenditure. 
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revalution is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed asset.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 937,401
Additions 504,144
Revaluations 12,599
As at 29 February 2024 1,454,144
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Corporation tax recoverable assets - 283
6. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 140 140
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 56,250 56,250
Corporation tax 730 -
VAT 100 100
Accruals and deferred income 22,800 600
Directors' loan accounts 1,212 1,212
Amounts owed to subsidiaries 315,000 315,000
396,092 373,162
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 318,750 318,750
9. Secured Creditors
Bank loans are secured via a fixed charge on the properties to which they relate.
The following secured debts are included within creditors:
2024 2023
£ £
Bank loans and overdrafts 375,000 375,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
Surplus on revaluation 12,599
As at 29 February 2024 12,599
Page 4
Page 5
12. Related Party Transactions
Caneo Estates Limited
At the balance sheet date an intercompany loan of £435,000 (2023: £315,000) was owed from the company to Caneo Estates Ltd on which no interest was charged. Mr N Neocleous has a controlling interest in Caneo Estates Ltd.
Page 5