La Casita Familia SPV 1 Limited 14998752 false 2023-07-12 2024-09-30 2024-09-30 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true 14998752 2023-07-12 2024-09-30 14998752 2024-09-30 14998752 core:RetainedEarningsAccumulatedLosses 2024-09-30 14998752 core:ShareCapital 2024-09-30 14998752 core:CurrentFinancialInstruments 2024-09-30 14998752 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14998752 core:FurnitureFittingsToolsEquipment 2024-09-30 14998752 core:LandBuildings 2024-09-30 14998752 core:OtherPropertyPlantEquipment 2024-09-30 14998752 bus:SmallEntities 2023-07-12 2024-09-30 14998752 bus:AuditExemptWithAccountantsReport 2023-07-12 2024-09-30 14998752 bus:FilletedAccounts 2023-07-12 2024-09-30 14998752 bus:SmallCompaniesRegimeForAccounts 2023-07-12 2024-09-30 14998752 bus:RegisteredOffice 2023-07-12 2024-09-30 14998752 bus:Director1 2023-07-12 2024-09-30 14998752 bus:PrivateLimitedCompanyLtd 2023-07-12 2024-09-30 14998752 core:Buildings 2023-07-12 2024-09-30 14998752 core:FurnitureFittings 2023-07-12 2024-09-30 14998752 core:FurnitureFittingsToolsEquipment 2023-07-12 2024-09-30 14998752 core:LandBuildings 2023-07-12 2024-09-30 14998752 core:OtherPropertyPlantEquipment 2023-07-12 2024-09-30 14998752 core:PlantMachinery 2023-07-12 2024-09-30 14998752 1 2023-07-12 2024-09-30 14998752 countries:EnglandWales 2023-07-12 2024-09-30 iso4217:GBP xbrli:pure

Registration number: 14998752

La Casita Familia SPV 1 Limited

Unaudited Financial Statements

for the Period from 12 July 2023 to 30 September 2024

 

La Casita Familia SPV 1 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

La Casita Familia SPV 1 Limited

(Registration number: 14998752)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

941,547

Current assets

 

Stocks

700

Debtors

5

1,003

Cash at bank and in hand

 

18,987

 

20,690

Creditors: Amounts falling due within one year

6

(958,454)

Net current liabilities

 

(937,764)

Net assets

 

3,783

Capital and reserves

 

Called up share capital

100

Retained earnings

3,683

Shareholders' funds

 

3,783

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2025
 

.........................................
Mr SA Ismail
Director

 

La Casita Familia SPV 1 Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2023 to 30 September 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:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG

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 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).

Basis of preparation

These 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.

Disclosure of long or short period

These accounts are for the period 12 July 2023 to 30 September 2024, which is a long period, due to the financial statement being the first since incorporation.

 

La Casita Familia SPV 1 Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2023 to 30 September 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where revision affects only that period, or in the period of revision and future periods where 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.

Tax

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 costs of assets, other than land and properties under construction over their estimated useful lives less residual value, as follows:

Asset class

Depreciation method and rate

Property Improvements

3% straight line

Furnitures and fittings

20% reducing balance

Plant and machinery

33% straight line

 

La Casita Familia SPV 1 Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2023 to 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

915,587

31,427

1,223

948,237

At 30 September 2024

915,587

31,427

1,223

948,237

Depreciation

Charge for the period

2,900

3,537

253

6,690

At 30 September 2024

2,900

3,537

253

6,690

Carrying amount

At 30 September 2024

912,687

27,890

970

941,547

Included within the net book value of land and buildings above is £912,686 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

Trade debtors

562

Prepayments

154

Other debtors

287

 

1,003

 

La Casita Familia SPV 1 Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2023 to 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

25,834

Accruals and deferred income

3,582

Amounts owed to group undertakings

929,038

958,454