1.
General Information
Casablanca Marquees Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
05161427
. The registered office is Unit 1 Kingsbury Works, Kingsbury Road, London, NW9 8UP.
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.
Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.4.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
2.5.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the 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.
Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 16)
Casablanca Marquees Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 April 2024 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
|
|
( |
( |
| As at 31 March 2025 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 April 2024 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
|
|
( |
( |
| As at 31 March 2025 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 March 2025 |
|
|
|
|
|
| As at 1 April 2024 |
|
|
|
|
|
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security | - |
|
|
| VAT |
|
|
|
| Other creditors |
|
|
|
| Deposits held | - |
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account |
|
|
|
|
|
|
||
7.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 21,845 | 18,753 | |
Casablanca Marquees Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8.
Share Capital
Allotted, issued and fully paid:
|
Number:
|
Class:
|
Nominal
|
2025
|
2024
|
|
value:
|
£
|
£
|
||
|
50
|
Ordinary
|
£1
|
50
|
50
|
|
5
|
Ordinary A
|
£1
|
5
|
5
|
|
5
|
Ordinary B
|
£1
|
5
|
5
|
|
5
|
Ordinary C
|
£1
|
5
|
5
|
|
5
|
Ordinary D
|
£1
|
5
|
5
|
|
5
|
Ordinary E
|
£1
|
5
|
5
|
|
5
|
Ordinary F
|
£1
|
5
|
5
|
|
5
|
Ordinary G
|
£1
|
5
|
5
|
|
5
|
Ordinary H
|
£1
|
5
|
5
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
|||
|
90
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
90
|
The Ordinary shares have full voting and dividend rights. The Ordinary A, B, C, D, E, F, G and H shares are dividend only.
9.
Dividends
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
| Final dividend paid |
|
|
|
| 53,270 | 27,270 | ||
10.
Related Party Transactions
During the year, total dividends of £28,000 (2024 - £2,000) were paid to the director.
Included in other debtors, there is a balance of £127,629, (2024 - £121,859) owed by William Heath Estates Ltd, a company under common control, owned and controlled by the director. There are no terms as to interest or repayment.
11.
Ultimate Controlling Party
The ultimate controlling party is Mr W Turnbull, by virtue of his 100% ownership of the voting share capital.