1 April 2024 false No description of principal activity Taxfiler 2024.6 06509941business:PrivateLimitedCompanyLtd2024-04-012025-03-31 065099412024-03-31 065099412024-04-012025-03-31 06509941business:AuditExemptWithAccountantsReport2024-04-012025-03-31 06509941business:FilletedAccounts2024-04-012025-03-31 065099412025-03-31 06509941business:Director12024-04-012025-03-31 06509941business:RegisteredOffice2024-04-012025-03-31 065099412024-03-31 06509941core:WithinOneYear2025-03-31 06509941core:WithinOneYear2024-03-31 06509941core:AfterOneYear2025-03-31 06509941core:AfterOneYear2024-03-31 06509941core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 06509941core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06509941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 06509941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06509941core:PreviouslyStatedAmount2025-03-31 06509941core:PreviouslyStatedAmount2024-03-31 06509941business:SmallEntities2024-04-012025-03-31 06509941countries:EnglandWales2024-04-012025-03-31 06509941core:LandBuildings2024-03-31 06509941core:MotorVehicles2024-03-31 06509941core:FurnitureFittings2024-03-31 06509941core:ComputerEquipment2024-03-31 06509941core:LandBuildings2024-04-012025-03-31 06509941core:MotorVehicles2024-04-012025-03-31 06509941core:FurnitureFittings2024-04-012025-03-31 06509941core:ComputerEquipment2024-04-012025-03-31 06509941core:LandBuildings2025-03-31 06509941core:MotorVehicles2025-03-31 06509941core:FurnitureFittings2025-03-31 06509941core:ComputerEquipment2025-03-31 06509941business:Director112024-04-012025-03-31 06509941business:Director112024-03-31 06509941business:Director112025-03-31 065099412023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06509941 (England and Wales)
KAROSSA ASSET MANAGEMENT LTD Unaudited accounts for the year ended 31 March 2025
KAROSSA ASSET MANAGEMENT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
KAROSSA ASSET MANAGEMENT LTD Company Information for the year ended 31 March 2025
Director
Ross William Hayes Allenby
Company Number
06509941 (England and Wales)
Registered Office
PORTLAND HOUSE BELMONT BUSINESS PARK DURHAM DH1 1TW ENGLAND
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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KAROSSA ASSET MANAGEMENT LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
(5,135)
(5,691)
Investment property
5
867,999 
867,999 
862,864 
862,308 
Current assets
Debtors
6
146,700 
275,330 
Cash at bank and in hand
3,923 
2,464 
150,623 
277,794 
Creditors: amounts falling due within one year
7
(247,872)
(64,089)
Net current (liabilities)/assets
(97,249)
213,705 
Total assets less current liabilities
765,615 
1,076,013 
Creditors: amounts falling due after more than one year
8
(679,667)
(886,325)
Provisions for liabilities
Deferred tax
(18,250)
(18,250)
Net assets
67,698 
171,438 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
67,598 
171,338 
Shareholders' funds
67,698 
171,438 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2025 and were signed on its behalf by
Ross William Hayes Allenby Director Company Registration No. 06509941
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KAROSSA ASSET MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
KAROSSA ASSET MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 06509941. The registered office is PORTLAND HOUSE, BELMONT BUSINESS PARK, DURHAM, DH1 1TW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
- 
25,000 
240 
- 
25,240 
Additions
- 
- 
229 
417 
646 
Disposals
- 
(25,000)
(240)
- 
(25,240)
At 31 March 2025
- 
- 
229 
417 
646 
Depreciation
At 1 April 2024
5,690 
25,001 
240 
- 
30,931 
Charge for the year
- 
- 
37 
53 
90 
On disposals
- 
(25,000)
(240)
- 
(25,240)
At 31 March 2025
5,690 
1 
37 
53 
5,781 
Net book value
At 31 March 2025
(5,690)
(1)
192 
364 
(5,135)
At 31 March 2024
(5,690)
(1)
- 
- 
(5,691)
5
Investment property
2025 
£ 
Fair value at 1 April 2024
867,999 
At 31 March 2025
867,999 
- 5 -
KAROSSA ASSET MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
146,700 
28,503 
Other debtors
- 
246,827 
146,700 
275,330 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
3,415 
4,999 
Obligations under finance leases and hire purchase contracts
5,371 
7,766 
Trade creditors
31,100 
1,556 
Taxes and social security
6,039 
17,768 
Other creditors
34,156 
29,120 
Loans from directors
167,791 
- 
Accruals
- 
2,880 
247,872 
64,089 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
554,667 
535,432 
Other creditors
125,000 
350,893 
679,667 
886,325 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ross William Hayes Allenby
Directors Loan
167,791 
- 
- 
167,791 
167,791 
- 
- 
167,791 
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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