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Registration number: 01209630

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Casa Julia Limited
Annual Report and Financial Statements
for the Year Ended 31 July 2025

Casa Julia Limited

Contents

Company Information | 1
Strategic Report | 2 to 3
Directors' Report | 4
Statement of Directors' Responsibilities | 5
Independent Auditor's Report | 6 to 9
Profit and Loss Account | 10
Statement of Comprehensive Income | 11
Balance Sheet | 12
Statement of Changes in Equity | 13
Statement of Cash Flows | 14
Notes to the Financial Statements | 15 to 23

Casa Julia Limited

Company Information

Directors | C S Evans L Felton P A Santomauro J A Santomauro N E Santomauro

Company secretary | J A Santomauro

Registered office | 11 Springwood Drive Springwood Industrial Estate Braintree Essex CM7 2YN

Auditors | Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Casa Julia Limited

Strategic Report for the Year Ended 31 July 2025

The directors present their strategic report for the year ended 31 July 2025.

Principal activity

The company's primary activity during the year continued to be that of a drinks wholesaler, supplying wine, beer, spirits, and soft drinks to the restaurant and hotel sectors, while also providing specialized flour and food products to the pizza industry.

Key performance indicators

| 2025 | 2024
Turnover | 36,267,448 | 35,327,383
Gross profit | 6,244,675 | 5,908,476
Gross profit margin | 17.22% | 16.72%
Return on capital employed | 16.80% | 20.01%

Fair review of the business

The directors are pleased to report an increase in turnover despite continued challenging market conditions. The results are set out in these financial statements.

Post balance sheet trading

Market conditions continue to be challenging, however the company has continued to review it's offering to it's customers, increasing the product range and maintaining and adding new customers.

Future developments

The directors believe that there are new opportunities in the market place to be exploited to fulfil the demands of it's customers. With the company's cash reserves and significant assets the directors feel that Casa Julia is well positioned to move forward.

Casa Julia Limited

Strategic Report for the Year Ended 31 July 2025

Principal risks and uncertainties

UK economy and competition risk
Like many businesses of our size, the environment in which we operate remains challenging. Our primary market is the restaurant and hotel industry in London and the South East of England. While the London market has exceeded expectations, the UK economy continues to put pressure on the hospitality sector including the rising duty which came into effect in February 2026. The continued high costs and the cost of living crisis are likely to have significant effects in the coming year. Additionally, the company faces higher costs related to staffing, though we remain committed to ongoing recruitment despite these challenges.
Financial risk management
The company's principal financial instruments are comprised of amounts due from trade debtors and trade creditors which arise directly from operations.
The company's approach to financial risk management is shown below:
Credit risk
The company places a strong emphasis on minimizing exposure to credit risk. We maintain close relationships with key customers and proactively conduct credit checks to ensure the reliability of both our customers and suppliers.
Currency risk
The company imports a significant amount of goods from Europe and is subject to exchange rate fluctuations. The directors have mitigated this risk by negotiating payment terms and holding balances in foreign currencies.

Approved by the Board on 10 March 2026 and signed on its behalf by:

C S Evans
Director

Casa Julia Limited

Directors' Report for the Year Ended 31 July 2025

The directors present their report and the financial statements for the year ended 31 July 2025.

Directors of the company

The directors who held office during the year were as follows:

C S Evans

L Felton

P A Santomauro

J A Santomauro - Company secretary and director

N E Santomauro

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Lambert Chapman LLP as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Approved by the Board on 10 March 2026 and signed on its behalf by:

C S Evans
Director

Casa Julia Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Casa Julia Limited

Independent Auditor's Report to the Members of Casa Julia Limited

Opinion

We have audited the financial statements of Casa Julia Limited (the 'company') for the year ended 31 July 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Casa Julia Limited

Independent Auditor's Report to the Members of Casa Julia Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• | the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• | the financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Casa Julia Limited

Independent Auditor's Report to the Members of Casa Julia Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the wholesaling sectors;
• | we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, employment and health and safety legislation;
• | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
• | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining

• | an understanding of how fraud might occur, by;
• | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
• | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• | performed analytical procedures to identify any unusual or unexpected relationships;
• | tested journal entries to identify unusual transactions;
• | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
• | investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• | agreeing financial statement disclosures to underlying supporting documentation; and
• | enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Casa Julia Limited

Independent Auditor's Report to the Members of Casa Julia Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Pearson BFP FCA (Senior Statutory Auditor)
For and on behalf of Lambert Chapman LLP, Statutory Auditor
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

27 March 2026

Casa Julia Limited

Profit and Loss Account for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Turnover | 3 | 36,267,448 | 35,327,383
Cost of sales |  | (30,022,773) | (29,418,907)
Gross profit |  | 6,244,675 | 5,908,476
Distribution costs |  | (2,258,717) | (2,068,540)
Administrative expenses |  | (1,352,306) | (1,145,400)
Operating profit |  | 2,633,652 | 2,694,536
Other interest receivable and similar income | 5 | 322,335 | 368,865
Interest payable and similar expenses | 6 | (7,955) | -
|  | 314,380 | 368,865
Profit before tax |  | 2,948,032 | 3,063,401
Tax on profit | 10 | (743,002) | (760,096)
Profit for the financial year |  | 2,205,030 | 2,303,305

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Casa Julia Limited

Statement of Comprehensive Income for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Profit for the year | 2,205,030 | 2,303,305
Total comprehensive income for the year | 2,205,030 | 2,303,305

Casa Julia Limited

(Registration number: 01209630)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 11 | 496,741 | 470,148
Current assets |  |  |
Stocks | 13 | 3,115,731 | 2,866,696
Debtors | 14 | 6,846,988 | 5,903,062
Other financial assets | 12 | 6,575,168 | 3,981,230
Cash at bank and in hand | 15 | 3,952,070 | 3,476,449
|  | 20,489,957 | 16,227,437
Creditors: Amounts falling due within one year | 16 | (5,311,252) | (3,233,827)
Net current assets |  | 15,178,705 | 12,993,610
Total assets less current liabilities |  | 15,675,446 | 13,463,758
Provisions for liabilities | 17 | (124,186) | (117,528)
Net assets |  | 15,551,260 | 13,346,230
Capital and reserves |  |  |
Called up share capital | 19 | 22,650 | 22,650
Capital redemption reserve |  | 27,950 | 27,950
Retained earnings |  | 15,500,660 | 13,295,630
Shareholders' funds |  | 15,551,260 | 13,346,230

Approved and authorised by the Board on 10 March 2026 and signed on its behalf by:

......................................... C S Evans Director ......................................... J A Santomauro Company secretary and director | ......................................... L Felton Director ......................................... N E Santomauro Director | ......................................... P A Santomauro Director

Casa Julia Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

| Share capital £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 August 2024 | 22,650 | 27,950 | 13,295,630 | 13,346,230
Profit for the year | - | - | 2,205,030 | 2,205,030
At 31 July 2025 | 22,650 | 27,950 | 15,500,660 | 15,551,260

| Share capital £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 August 2023 | 22,650 | 27,950 | 10,992,325 | 11,042,925
Profit for the year | - | - | 2,303,305 | 2,303,305
At 31 July 2024 | 22,650 | 27,950 | 13,295,630 | 13,346,230

Casa Julia Limited

Statement of Cash Flows for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Cash flows from operating activities
Profit for the year | 2,205,030 | 2,303,305
Adjustments to cash flows from non-cash items |  |
Depreciation | 110,136 | 109,550
Loss/(profit) on disposal of tangible assets | 628 | (709)
Finance income | (322,335) | (368,865)
Finance costs | 7,955 | -
Tax expense | 743,002 | 760,096
| 2,744,416 | 2,803,377
Working capital adjustments |  |
(Increase)/decrease in stock | (249,035) | 416,939
Increase in debtors | (943,802) | (110,866)
Increase/(decrease) in creditors | 2,419,882 | (954,291)
Cash generated from operations | 3,971,461 | 2,155,159
Taxes paid | (1,078,677) | (720,576)
Net cash flow from operating activities | 2,892,784 | 1,434,583
Cash flows from investing activities |  |
Interest received | 322,335 | 368,865
Acquisitions of tangible assets | (139,387) | (143,019)
Proceeds from sale of tangible assets | 2,029 | 6,368
Cash flows from other financial investments | (2,593,938) | (359,696)
Net cash flows from investing activities | (2,408,961) | (127,482)
Cash flows from financing activities |  |
Interest paid | (7,955) | -
Net increase in cash and cash equivalents | 475,868 | 1,307,101
Cash and cash equivalents at 1 August | 3,476,449 | 2,169,348
Cash and cash equivalents at 31 July | 3,952,317 | 3,476,449

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and trading address is: 11 Springwood Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YN.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Judgements

The preparation of the financial statement requires management to make significant judgements and estimates. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Other than those involving estimations there are no judgements that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of alcoholic and non-alcoholic beverages and other food products in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue upon delivery of the goods, whereby the significant risks and rewards of ownership are transferred to the customer.

Foreign currency transactions and balances

Monetary assets and liabilities expressed in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date or at the agreed contractual rate. Transactions in foreign currencies are converted into Sterling at the rate ruling on the date of the transaction. All differences on exchange are taken to the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance
Fixtures & fittings | 15% reducing balance
Motor vehicles | 25% reducing balance
Plant & machinery | 15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At the end of each reporting period stock is assessed for impairment. If an item of stock is impaired, the identified items is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for alcoholic and non-alcoholic beverages and other food items sold in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

All financial instruments are classified as basic financial instruments and are held at either amortised cost or cost less impairment.

Holiday pay accrual

A liability is recognised to the extent of any material unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3 | Turnover

The analysis of the company's turnover for the year from continuing operations is as follows:

| 2025 £ | 2024 £
Sale of goods | 36,267,448 | 35,327,383

All turnover was generated in the United Kingdom.

4 | Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

| 2025 £ | 2024 £
(Loss)/gain on disposal of tangible assets | (628) | 709

5 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | 322,088 | 368,865
Other interest received | 247 | -
| 322,335 | 368,865

6 | Interest payable and similar expenses

| 2025 £ | 2024 £
Other interest payable | 7,955 | -

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

7 | Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 1,641,151 | 1,542,659
Social security costs | 186,820 | 142,759
Pension costs, defined contribution scheme | 56,731 | 53,205
Other employee expense | 55,210 | 33,455
| 1,939,912 | 1,772,078

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Administration and support | 14 | 10
Sales, marketing and distribution | 44 | 51
| 58 | 61

8 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 80,000 | 76,666
Contributions paid to money purchase schemes | 3,200 | 3,066
| 83,200 | 79,732

During the year the number of directors who were receiving benefits and share incentives was as follows:

| 2025 No. | 2024 No.
Accruing benefits under money purchase pension scheme | 2 | 2

9 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 17,175 | 16,000

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

10 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 730,496 | 768,969
UK corporation tax adjustment to prior periods | 5,724 | (6,596)
| 736,220 | 762,373
Deferred taxation |  |
Arising from origination and reversal of timing differences | 6,782 | (2,277)
Tax expense in the income statement | 743,002 | 760,096

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK of 25% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 2,948,032 | 3,063,401
Corporation tax at standard rate | 737,008 | 765,850
Tax adjustment for (over)/under provision in prior periods | 5,724 | (6,596)
Capital allowances in excess of depreciation | (6,649) | (6,952)
Expenses not deductible for tax purposes | 261 | 851
Deferred tax movement | 6,782 | (2,277)
Tax (decrease)/increase from changes in provisions | (124) | 9,220
Total tax charge | 743,002 | 760,096

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Deferred tax

Deferred tax assets and liabilities

2025 | Asset £ | Liability £
Accelerated capital allowances | - | 124,185
Movements in general provisions | 24,641 | -
| 24,641 | 124,185

2024 | Asset £ | Liability £
Accelerated capital allowances | - | 117,258
Movements in general provisions | 24,765 | -
| 24,765 | 117,258

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

11 | Tangible assets

| Office equipment £ | Fixtures & fittings £ | Motor vehicles £ | Plant & machinery £ | Total £
Cost or valuation
At 1 August 2024 | 21,006 | 154,084 | 992,583 | 297,359 | 1,465,032
Additions | 3,302 | 786 | 131,019 | 4,280 | 139,387
Disposals | - | - | (66,795) | - | (66,795)
At 31 July 2025 | 24,308 | 154,870 | 1,056,807 | 301,639 | 1,537,624
Depreciation
At 1 August 2024 | 15,110 | 138,639 | 660,855 | 180,280 | 994,884
Charge for the year | 2,170 | 2,438 | 87,806 | 17,722 | 110,136
Eliminated on disposal | - | - | (64,137) | - | (64,137)
At 31 July 2025 | 17,280 | 141,077 | 684,524 | 198,002 | 1,040,883
Carrying amount
At 31 July 2025 | 7,028 | 13,793 | 372,283 | 103,637 | 496,741
At 31 July 2024 | 5,896 | 15,445 | 331,728 | 117,079 | 470,148

12 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Current financial assets
Investments | 6,575,168 | 3,981,230

13 | Stocks

| 2025 £ | 2024 £
Goods for resale | 3,115,731 | 2,866,696

14 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 6,561,783 | 5,721,657
Other debtors | 41,696 | 24,765
Prepayments | 243,509 | 156,640
| 6,846,988 | 5,903,062

15 | Cash and cash equivalents

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Cash on hand | 229 | 137
Cash at bank | 3,951,841 | 3,476,312
| 3,952,070 | 3,476,449

16 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 4,779,895 | 2,345,246
Other creditors | 20,496 | 18,179
Social security and other taxes | 314,100 | 360,253
Corporation tax | 115,496 | 457,953
Accruals | 81,265 | 52,196
| 5,311,252 | 3,233,827

Secured debts

There is a fixed and floating charge in place dated 29 February 2016 secured on the assets of the company in favour of Barclays Bank PLC. This security relates to facilities provided by Barclays Bank PLC which the client has not utilised during the current or previous year.

17 | Provisions for liabilities

| Deferred tax £ | Total £
At 1 August 2024 | 117,528 | 117,528
Decrease in existing provisions | 6,658 | 6,658
At 31 July 2025 | 124,186 | 124,186

18 | Pension and other schemes

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £56,167 (2024 - £53,205).
Contributions totalling £9,464 (2024 - £9,958) were payable to the scheme at the end of the year and are included in creditors.

Casa Julia Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

19 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 22,650 | 22,650 | 22,650 | 22,650

20 | Analysis of changes in net funds

| At 1 August 2024 £ | Financing cash flows £ | At 31 July 2025 £
Cash and cash equivalents |  |  |
Cash on hand and at bank | 3,476,449 | 475,621 | 3,952,070
Fixed term deposit account | 3,981,230 | 2,593,938 | 6,575,168
| 7,457,679 | 3,069,559 | 10,527,238
| 7,457,679 | 3,069,559 | 10,527,238

21 | Related party transactions

Summary of transactions with other related parties

During the financial year the company rented their property from a company that is owned by the shareholders and directors of Casa Julia Limited. Rents were paid by Casa Julia Limited totalling £300,000 (2024: £300,000). At the year end a balance of £30,000 (2024: £30,000) was due and has been included within trade creditors.
During the previous financial year the company made sales to a company that is owned by one of the shareholders and directors of Casa Julia Limited. Sales made in the current year year totalled £Nil (2024: £32,790). At the year end a balance of £Nil (2024: £Nil) was due.