REGISTERED NUMBER: 07153965 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

FOR

FINA CASAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R M P Correia

Mr S J Hill

SECRETARY:

Mr S J Hill

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

07153965 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

33,441

25,810

CURRENT ASSETS

Debtors

5

201,298

177,765

Cash at bank

4,786

4,934

206,084

182,699

CREDITORS

Amounts falling due within one year

6

128,594

124,182

NET CURRENT ASSETS

77,490

58,517

TOTAL ASSETS LESS CURRENT LIABILITIES

110,931

84,327

CREDITORS

Amounts falling due after more than one year

7

54,946

57,932

NET ASSETS

55,985

26,395

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

55,983

26,393

SHAREHOLDERS' FUNDS

55,985

26,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mrs R M P Correia - Director

Mr S J Hill - Director

1.	STATUTORY INFORMATION

Fina Casas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 31 October 2023

38,968

53,828

92,796

Additions

308

15,000

15,308

At 30 October 2024

39,276

68,828

108,104

DEPRECIATION

At 31 October 2023

26,910

40,076

66,986

Charge for year

2,427

5,250

7,677

At 30 October 2024

29,337

45,326

74,663

NET BOOK VALUE

At 30 October 2024

9,939

23,502

33,441

At 30 October 2023

12,058

13,752

25,810

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 31 October 2023

and 30 October 2024

23,828

DEPRECIATION

At 31 October 2023

and 30 October 2024

11,914

NET BOOK VALUE

At 30 October 2024

11,914

At 30 October 2023

11,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

34,631

14,030

Other debtors

166,114

163,682

Prepayments

553

53

201,298

177,765

The balance in other debtors is owing from The Worm Farm (IOW) Limited £130,619 (2023: £115,467), Wight Staycation Limited £13,499 (2023: £39,925) and Nacasa Facilities Ltd £21,690 (2023: £2,906) these for expenses which have been paid by Fina Casas Limited. Mrs R M P Correia is a director of The Worm Farm (IOW) Ltd and Wight Staycation Ltd companies and Mrs S J Hill is a director of Wight Staycation Limited and Nacasa Facilities Ltd.

The balance in other debtors includes an overpayment to HMRC of £306 (2023: £5,383)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

29,524

29,257

Finance leases

1,800

3,600

Trade creditors

461

2,890

VAT

4,274

9,433

Other creditors

2,153

2,556

Directors' current accounts

90,382

76,446

128,594

124,182

The balance in other creditors includes an amount owed in respect of pension contributions of £139 (2023: 139).

The balance in other creditors includes an amount owed in respect of net wages of £2,014 (2023: £Nil)

The balance in other creditors includes funds owing to Nacasa Facilities Limited £Nil (2023: £2,418), S J Hill is a director of the company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

49,126

50,306

Finance leases

5,820

7,626

54,946

57,932

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary A

£1

1

1

2

2