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REGISTERED NUMBER: SC766730 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 APRIL 2023 TO 30 APRIL 2024

FOR

CASA DEL MUNDO LTD

CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 20 APRIL 2023 TO 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CASA DEL MUNDO LTD

COMPANY INFORMATION
for the period 20 APRIL 2023 TO 30 APRIL 2024







DIRECTOR: Ms X Cao





REGISTERED OFFICE: 18 Rouken Glen Road
Giffnock
Glasgow
G46 7JL





REGISTERED NUMBER: SC766730 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

Notes £   
FIXED ASSETS
Investment property 4 213,100

CURRENT ASSETS
Debtors 5 1,950
Cash at bank 1,566
3,516
CREDITORS
Amounts falling due within one year 6 (71,520 )
NET CURRENT LIABILITIES (68,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,096

CREDITORS
Amounts falling due after more than one year 7 (143,798 )
NET ASSETS 1,298

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 1,297
1,298

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 13 January 2025 and were signed by:





Ms X Cao - Director


CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)

NOTES TO THE FINANCIAL STATEMENTS
for the period 20 APRIL 2023 TO 30 APRIL 2024

1. STATUTORY INFORMATION

Casa Del Mundo Ltd is a private company, limited by shares, registered in Scotland, registration number SC766730. The registered office is 18 Rouken Glen Road, Giffnock, Glasgow G46 7JL.

The principal activity of the company is property letting.

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 presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Valuation of investment property
As noted below, investment property is included in the Statement of Financial Position at fair value. The valuation is based on the directors' consideration of several factors including previous professional valuations, local market conditions, estate agent valuations, and recent selling prices of similar properties.

Investment property
Investment property is included at fair value. Gains/losses are recognised in the Income Statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

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.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.


CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 20 APRIL 2023 TO 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 213,100
At 30 April 2024 213,100
NET BOOK VALUE
At 30 April 2024 213,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 2,384
Taxation and social security 304
Other creditors 68,832
71,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 143,798

CASA DEL MUNDO LTD (REGISTERED NUMBER: SC766730)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 20 APRIL 2023 TO 30 APRIL 2024

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

Repayable by instalments
Bank loans more 5 yr by instal 134,261

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 146,182

A standard security is in place over the rental property in favour of Aldermore Bank plc.