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KATTASHIS ESTATES LIMITED

Unaudited Financial Statements

for the Year Ended 31st May 2024






KATTASHIS ESTATES LIMITED (REGISTERED NUMBER: 00930496)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KATTASHIS ESTATES LIMITED

Company Information
for the year ended 31st May 2024







DIRECTORS: Mrs M Sergi
Mr S Kattashis





SECRETARY: Mrs M Sergi





REGISTERED OFFICE: Gayton Wood
Gayton Farm Road
Gayton
Wirral
CH60 8NR





REGISTERED NUMBER: 00930496 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

KATTASHIS ESTATES LIMITED (REGISTERED NUMBER: 00930496)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 455,675 455,675

CURRENT ASSETS
Cash at bank 112,944 59,872

CREDITORS
Amounts falling due within one year 5 78,263 44,124
NET CURRENT ASSETS 34,681 15,748
TOTAL ASSETS LESS CURRENT LIABILITIES 490,356 471,423

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 92,597 92,597
Retained earnings 397,757 378,824
SHAREHOLDERS' FUNDS 490,356 471,423

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 15th January 2025 and were signed on its behalf by:





Mrs M Sergi - Director


KATTASHIS ESTATES LIMITED (REGISTERED NUMBER: 00930496)

Notes to the Financial Statements
for the year ended 31st May 2024

1. STATUTORY INFORMATION

Kattashis Estates 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.

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 455,675
NET BOOK VALUE
At 31st May 2024 455,675
At 31st May 2023 455,675

KATTASHIS ESTATES LIMITED (REGISTERED NUMBER: 00930496)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2024 92,597
Cost 363,078
455,675

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

2024 2023
£    £   
Cost 363,078 363,078

Investment property was valued on an open market basis on 31st May 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 16,163 10,424
Other creditors 62,100 33,700
78,263 44,124

6. RESERVES
Revaluation
reserve
£   
At 1st June 2023
and 31st May 2024 92,597

7. CONTROLLING PARTIES

The company was not under the control of any single party.