Registration number: 13047818

Casa Champions Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Casa Champions Limited

(Registration number: 13047818)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,295	2,557
Investment property	5	5,335,645	3,831,791
		5,337,940	3,834,348
Current assets
Debtors	6	27,564	133,450
Cash at bank and in hand		106,946	1,375,607
		134,510	1,509,057
Creditors: Amounts falling due within one year	7	(5,320,224)	(5,291,300)
Net current liabilities		(5,185,714)	(3,782,243)
Total assets less current liabilities		152,226	52,105
Provisions for liabilities		-	(23)
Net assets		152,226	52,082
Capital and reserves
Called up share capital		100	100
Retained earnings		152,126	51,982
Shareholders' funds		152,226	52,082

Casa Champions Limited

(Registration number: 13047818)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 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 year 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 October 2025
 

Mr D Jordan Director

Casa Champions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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:
Winchester House
Deane Gate Avenue
Taunton
Somerset
TA1 2UH

These financial statements were authorised for issue by the director on 10 October 2025.

2	Accounting policies

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

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.

Revenue recognition

Turnover comprises the rental income received from investment properties. 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

The tax expense for the period comprises current and 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.

Casa Champions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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, fittings and equipment	10% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Director. Changes in fair value are recognised in profit or loss.

Debtors

Trade debtors are amounts due from tenants for rents receivable 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.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Casa Champions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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 the director) during the year was 3 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment £	Total £
Cost or valuation
At 1 June 2024	2,623	2,623
At 31 May 2025	2,623	2,623
Depreciation
At 1 June 2024	66	66
Charge for the year	262	262
At 31 May 2025	328	328
Carrying amount
At 31 May 2025	2,295	2,295
At 31 May 2024	2,557	2,557

5	Investment properties

	2025 £
At 1 June	3,831,791
Additions	1,503,854
At 31 May	5,335,645

The investment properties are held at cost which the director considers to be a reasonable approximation for fair value

There has been no valuation of investment property by an independent valuer.

Casa Champions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Debtors

	2025 £	2024 £
Other debtors	24,200	133,450
Prepayments	3,364	-
	27,564	133,450

7

Creditors

Due within one year	2025 £	2024 £
Social security and other taxes	33,357	13,271
Other creditors	5,280,811	5,273,311
Accruals	4,956	3,618
Deferred income	1,100	1,100
	5,320,224	5,291,300