ACCOUNTS - Final Accounts preparation

Company registration number: 03629780

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CASE TOSCANA LIMITED


CASE TOSCANA LIMITED

COMPANY INFORMATION

Directors	C H A Bradley
	E P Lester


Registered number	03629780


Registered office	Foxley Manor
	Forest Green Road
	Holyport
	Maidenhead
	Berkshire
	SL6 2NW


Accountants	Menzies LLP
	Chartered Accountants
	Magna House 2nd Floor
	18-32 London Road
	Staines
	Surrey
	TW18 4BP


CASE TOSCANA LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


CASE TOSCANA LIMITED REGISTERED NUMBER:03629780

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		356,409		372,724
			356,409		372,724
Current assets
Debtors: amounts falling due within one year	5	1,367		1,154
Cash at bank and in hand		96,849		107,262
		98,216		108,416
Creditors: amounts falling due within one year	6	(553,028)		(520,029)
Net current liabilities			(454,812)		(411,613)
Total assets less current liabilities			(98,403)		(38,889)
Creditors: amounts falling due after more than one year	7		-		(25,031)

Net liabilities			(98,403)		(63,920)

Capital and reserves
Called up share capital	566,002	566,002
Share premium account	20,000	20,000
Profit and loss account	(684,405)	(649,922)
	(98,403)	(63,920)

Page 1


CASE TOSCANA LIMITED REGISTERED NUMBER:03629780

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C H A Bradley

Director

Date: 18 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


CASE TOSCANA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Case Toscana Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is given in the company information page of these financial statements.
The financial statements are presented in sterling and rounded to the nearest £. The company's functional currency is Euros.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date of 31 December 2023 the company shows a deficiency of total assets over total liabilities of £98,403 (2023: £63,920). Due to the ongoing support of the directors the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis as a result.

2.3

Revenue

Revenue is recognised through the rental of an investment property to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through rental income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.5

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3


CASE TOSCANA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	372,724
	Foreign exchange movement	(16,315)
	At 31 December 2024	356,409

The 2024 valuations were made by the directors, on an open market value. The directors are of the opinion that the valuation made in 2023 of €430,000 has not materially changed, and the movement for the year represents the change in exchange rate.

If the investment properties had been accountsed for under the historic accounting rules the properties would have been measured at an historic cost of £624,991 (€754,037) and £653,599 (2023: €754,037).

Debtors

					2024	2023
					£	£


Prepayments and accrued income	1,367	1,154
	1,367	1,154

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	-	6,830
Bank loans	-	22,424
Other creditors	525,181	459,355
Accruals and deferred income	27,847	31,420
	553,028	520,029

Page 4


CASE TOSCANA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	-	25,031
	-	25,031

8.	Related party transactions
	Included in creditors due within one year is £498,252 (2023 : £433,143) of interest free unsecured funding, provided by the directors.

Page 5