REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ANDACASA LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ANDACASA LIMITED |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ANDACASA LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings | ( |
) | ( |
) |
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. |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
BALANCE SHEET - continued |
30 APRIL 2024 |
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 |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Andacasa Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income relating to the period, excluding value added tax. |
Tangible fixed assets |
Freehold Property |
The company's freehold property is let and is therefore held for investment. Investment properties are accounted for in accordance with FRS 102 section 1A "Small Entities", as follows: |
Investment properties are measured at fair value at the balance sheet date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. Annual depreciation is not provided on investment properties. |
Office Equipment |
Depreciation is provided at 15% on cost annually in order to write off office equipment over its estimated useful life. |
Fixtures & Fittings |
Depreciation is provided at 15% on cost annually in order to write off fixtures and fittings over its estimated useful life. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Office | and |
property | equipment | fittings | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Cost or valuation at 30 April 2024 is represented by: |
Fixtures |
Freehold | Office | and |
property | equipment | fittings | Totals |
£ | £ | £ | £ |
Valuation in 2024 | 247,362 | - | - | 247,362 |
Cost | 542,073 | 7,325 | 3,000 | 552,398 |
789,435 | 7,325 | 3,000 | 799,760 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 542,073 | 542,073 |
The investment property was valued on a fair value basis on 30 April 2024 by the directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Sundry debtors and prepayments |
ANDACASA LIMITED (REGISTERED NUMBER: 13411683) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Shareholders' loan | 365,938 | 380,200 |
Amounts owed to group undertakings |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 48,453 | 48,265 |
Deferred |
tax |
£ |
Balance at 1 May 2023 |
Accelerated capital allowances | 188 |
Balance at 30 April 2024 |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
9. | RELATED PARTY DISCLOSURES |
The company is a 75% owned subsidiary of WCR Limited, a company incorporated in England and Wales. Anthony & Carole Limited, a company incorporated in England and Wales, is regarded by the directors as being the ultimate parent company. |
During the year the company repaid WCR Limited £15,000 of its outstanding loan. At the year end the company owed £365,204 (2023-£380,204) on this loan. No interest has been charged on this loan. |
During the year the company repaid some of the shareholders £14,262 of their outstanding loan. At 30 April 2024 £365,938 (2023-£380,200) was outstanding on this loan. No interest has been charged on this loan. |
10. | ULTIMATE CONTROLLING PARTY |
A Record MBE is the ultimate controlling party by virtue of his share ownership of the ultimate parent company, Anthony & Carole Limited. |
11. | GOING CONCERN |
The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of its parent company and shareholders. |