REGISTERED NUMBER: 10607572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLASINA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I C Austin

S C M Austin

REGISTERED OFFICE:

185 High Street

Chesterton

Cambridge

Cambridgeshire

CB4 1NL

REGISTERED NUMBER:

10607572 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

7,290

10,113

Investment property

6

487,000

481,000

494,290

491,113

CURRENT ASSETS

Debtors

7

10

2,009

Cash and cash equivalents

7,559

4,956

7,569

6,965

CREDITORS

Amounts falling due within one year

8

(248,247

)

(242,877

)

NET CURRENT LIABILITIES

(240,678

)

(235,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

253,612

255,201

CREDITORS

Amounts falling due after more than one year

9

(221,172

)

(228,372

)

PROVISIONS FOR LIABILITIES

11

(11,232

)

(10,163

)

NET ASSETS

21,208

16,666

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

21,207

16,665

SHAREHOLDERS' FUNDS

21,208

16,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 11 December 2025 and were signed on its behalf by:

I C Austin - Director

1.	STATUTORY INFORMATION

Clasina 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

Investment Property:

Investment property has been valued by the director at the fair value of the property at the balance sheet date having considered the value of similar property in the same geographic area and used property valuation sites such as Zoopla.

Turnover

Turnover represents the provision of accomodation and management services. This company is not VAT registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Investment property

Initial recognition of investment property is at cost plus all costs incurred in bringing the property to it present condition.

Investment property is held at fair value with any changes in fair value being recognised in profit and loss.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. 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 or deferred taxation assets and liabilities are not discounted.

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 material 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

30,684

DEPRECIATION

At 1 April 2024

20,571

Charge for year

2,823

At 31 March 2025

23,394

NET BOOK VALUE

At 31 March 2025

7,290

At 31 March 2024

10,113

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

481,000

Revaluations

6,000

At 31 March 2025

487,000

NET BOOK VALUE

At 31 March 2025

487,000

At 31 March 2024

481,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

(15,177

)

Valuation in 2021

40,000

Valuation in 2022

23,000

Valuation in 2023

(6,000

)

Valuation in 2024

4,000

Valuation in 2025

6,000

Cost

435,177

487,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

435,177

435,177

Investment property was valued on an fair value basis on 31 March 2024 by the directors of the company. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10

10

Other debtors

-

1,999

10

2,009

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,399

8,235

Trade creditors

-

1,999

Other creditors

231,848

232,643

248,247

242,877

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

221,172

228,372

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

155,575

195,432

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

237,571

236,607

Liabilities held under bank loans are secured by way of a fixed charge against the Company's investment property.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

11,232

10,163

Deferred

tax

£

Balance at 1 April 2024

10,163

Charge to Profit and loss account during year

1,069

Excess of Capital Allowances

Over Depreciation

Change in fair value of

Investment property

Balance at 31 March 2025

11,232

Deferred tax is recognised in respect of the both the excess of capital allowances over depreciation and the change in the fair value of investment property.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£0.5

1

1

13.	RELATED PARTY DISCLOSURES

During the year under review £1,000 (2024 £8,112) was advanced to the company by a director. At the balance sheet date, a balance of £185,463 (2024 £184,263) was owed to the directors.The balance is included within other creditors and is repayable on demand, bears no interest.