CASSOWARY & CO LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 11072207

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,361		1,814

			1,361		1,814
CURRENT ASSETS
Debtors	5	801,034		200,740
Cash at bank and in hand		944,135		1,352,257

		1,745,169		1,552,997
Creditors: Amounts Falling Due Within One Year	6	(117,404 )		(118,884 )

NET CURRENT ASSETS (LIABILITIES)			1,627,765		1,434,113

TOTAL ASSETS LESS CURRENT LIABILITIES			1,629,126		1,435,927

NET ASSETS			1,629,126		1,435,927

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,629,026		1,435,827

SHAREHOLDERS' FUNDS			1,629,126		1,435,927

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Clinch

Director

2 January 2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

CASSOWARY & CO LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11072207 . The registered office is 32 Rythe Road, Claygate, Esher, Surrey, KT10 9DF.

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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office Equipment

25% Reducing Balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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CASSOWARY & CO LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Office Equipment
	£
Cost
As at 1 December 2024	6,488

As at 30 November 2025	6,488

Depreciation
As at 1 December 2024	4,674
Provided during the period	453

As at 30 November 2025	5,127

Net Book Value
As at 30 November 2025	1,361

As at 1 December 2024	1,814

5. Debtors

	2025	2024
	£	£
Due within one year
Interest on third party loan	1,740	1,740
Due after more than one year
Other loan third party	199,000	199,000
Amounts owed by associates	600,294	-

	799,294	199,000

	801,034	200,740

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	20,492	12,261
Other creditors	1,139	2,025
Taxation and social security	95,773	104,598

	117,404	118,884

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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CASSOWARY & CO LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Related Party Transactions

	2025	2024
Loan to Grizzly Bear Retirement Company Limited	£	£
At start of period	0	0
Advanced	600,294	0
Repaid	0	0
	600,294	0

	2025	2024
	£	£
Other related party loan
At start of period	199,000	49,000
Advanced	0	150,000

At end of period	199,000	199,000

Terms of loans to related parties:

Loan advanced to Grizzly Bear Retirement Company Limited (CRN 15942550), a company in which the director/shareholder has substantail interest. The loan is interest fee and repayable on demand.

Loans advanced to the partner of the director/shareholder at 1% interest rate. The loan is repayable on demand.

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