2 2 Casbah Limited 06336822 false 2023-09-01 2024-12-31 2024-12-31 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 06336822 2023-09-01 2024-12-31 06336822 2024-12-31 06336822 core:CurrentFinancialInstruments 2024-12-31 06336822 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06336822 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06336822 core:FurnitureFittingsToolsEquipment 2024-12-31 06336822 bus:SmallEntities 2023-09-01 2024-12-31 06336822 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-12-31 06336822 bus:AbridgedAccounts 2023-09-01 2024-12-31 06336822 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-12-31 06336822 bus:RegisteredOffice 2023-09-01 2024-12-31 06336822 bus:Director1 2023-09-01 2024-12-31 06336822 bus:Director2 2023-09-01 2024-12-31 06336822 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 06336822 bus:Agent1 2023-09-01 2024-12-31 06336822 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-12-31 06336822 countries:AllCountries 2023-09-01 2024-12-31 06336822 2023-08-31 06336822 core:FurnitureFittingsToolsEquipment 2023-08-31 06336822 2022-09-01 2023-08-31 06336822 2023-08-31 06336822 core:CurrentFinancialInstruments 2023-08-31 06336822 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06336822 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 06336822 core:FurnitureFittingsToolsEquipment 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 06336822

Casbah Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 September 2023 to 31 December 2024

 

Casbah Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Casbah Limited

Company Information

Directors

R N Noui

F R G Jourdon

Registered office

3 Bowden Road
Ascot
SL5 9NJ

Accountants

Inn Control Hospitality Accountants Limited 10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

 

Casbah Limited

(Registration number: 06336822)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

693

Investment property

-

230,000

 

-

230,693

Current assets

 

Debtors

-

9,668

Cash at bank and in hand

 

7,217

5,487

 

7,217

15,155

Prepayments and accrued income

 

-

1,735

Creditors: Amounts falling due within one year

(43,657)

(137,746)

Net current liabilities

 

(36,440)

(120,856)

Total assets less current liabilities

 

(36,440)

109,837

Creditors: Amounts falling due after more than one year

-

(132,772)

Accruals and deferred income

 

(1,294)

(1,368)

Net liabilities

 

(37,734)

(24,303)

Capital and reserves

 

Called up share capital

4

4

Retained earnings

(37,738)

(24,307)

Shareholders' deficit

 

(37,734)

(24,303)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option to not file the profit and loss account has been taken.

 

Casbah Limited

(Registration number: 06336822)
Abridged Balance Sheet as at 31 December 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
R N Noui
Director

 

Casbah Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
3 Bowden Road
Ascot
SL5 9NJ

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). The financial statements are prepared in Sterling. However, the funtional currency of the Company is Arab Emirates Dirham (AED). Monetary amounts in these finincial statements are rounded to the nearest £.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Casbah Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 31 December 2024

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Casbah Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fitting & Equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Casbah Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount
of the leased asset and recognised on a straight line basis over the lease term.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Casbah Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

13,950

13,950

Disposals

(13,950)

(13,950)

At 31 December 2024

-

-

Depreciation

At 1 September 2023

13,257

13,257

Charge for the period

231

231

Eliminated on disposal

(13,488)

(13,488)

At 31 December 2024

-

-

Carrying amount

At 31 December 2024

-

-

At 31 August 2023

693

693

Investment properties

2024
£

At 1 September

230,000

Disposals

(230,000)

At 31 December

-

Investment property comprises of a flat within the Bay Central development in Dubai, United Arab Emirates. During the period the company diposed of the property along with the remaining assets of the company.