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Casamia Bristol Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09299766
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,000 30,000
Tangible Assets 5 94,184 106,051
114,184 136,051
CURRENT ASSETS
Stocks 6 6,987 29,370
Debtors 7 21,717 22,521
Cash at bank and in hand - 4,718
28,704 56,609
Creditors: Amounts Falling Due Within One Year 8 (500,809 ) (531,013 )
NET CURRENT ASSETS (LIABILITIES) (472,105 ) (474,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES (357,921 ) (338,353 )
Creditors: Amounts Falling Due After More Than One Year 9 (5,284 ) (15,658 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,738 )
NET LIABILITIES (363,205 ) (355,749 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (363,305 ) (355,849 )
SHAREHOLDERS' FUNDS (363,205) (355,749)
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Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Sanchez-Iglesias
Director
25 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Casamia Bristol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09299766 . The registered office is 8-9 Lower Guinea Street, Bristol, BS1 6FU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Going Concern Disclosure
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances
from the directors that they will continue to give financial support to the company for twelve months from the
date of signing of these accounts.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5 years straight line
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 24)
20 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 100,000
As at 30 November 2024 100,000
Amortisation
As at 1 December 2023 70,000
Provided during the period 10,000
As at 30 November 2024 80,000
Net Book Value
As at 30 November 2024 20,000
As at 1 December 2023 30,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 13,052 166,083 103,823 26,758 309,716
Additions 5,101 333 - - 5,434
As at 30 November 2024 18,153 166,416 103,823 26,758 315,150
Depreciation
As at 1 December 2023 13,052 113,243 56,521 20,849 203,665
Provided during the period 261 7,975 7,095 1,970 17,301
As at 30 November 2024 13,313 121,218 63,616 22,819 220,966
Net Book Value
As at 30 November 2024 4,840 45,198 40,207 3,939 94,184
As at 1 December 2023 - 52,840 47,302 5,909 106,051
6. Stocks
2024 2023
£ £
Stock 6,987 29,370
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 185
Prepayments and accrued income 21,717 22,336
21,717 22,521
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 74,912 58,772
Bank loans and overdrafts 40,190 10,128
Other taxes and social security 349 7,642
VAT 57,120 11,393
Other creditors - 8,876
Accruals and deferred income 43,945 55,450
Directors' loan accounts 3,751 -
Amounts owed to group undertakings- Paco Tapa's Ltd 260,461 241,676
Amounts owed to related parties- Sanchez Brothers Ltd 20,081 137,076
500,809 531,013
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,284 15,658
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 104,687 105,601
Later than one year and not later than five years 378,492 388,556
Later than five years 77,981 470,196
561,160 964,353
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