| CASA PN LTD |
| Registered number: |
16516169 |
| Abridged Balance Sheet |
| as at 30 June 2026 |
|
| Notes |
|
|
2026 |
|
| £ |
|
| Fixed assets |
| Investments |
3 |
|
|
602,194 |
|
| Current assets |
| Cash at bank and in hand |
|
|
9,918 |
|
| Creditors: amounts falling due within one year |
|
|
(216,644) |
|
| Net current liabilities |
|
|
|
(206,726) |
|
|
| Total assets less current liabilities |
|
|
|
395,468 |
|
|
| Creditors: amounts falling due after more than one year |
|
|
|
(428,040) |
|
|
|
| Net liabilities |
|
|
|
(32,572) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
(32,672) |
|
| Shareholders' funds |
|
|
|
(32,572) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
| Mr Nitin Jasvantalal |
| Director |
| Approved by the board on 26 October 2026 |
|
| CASA PN LTD |
| Notes to the Abridged Accounts |
| for the period from 13 June 2025 to 30 June 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
25% reducing balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
| 2 |
Employees |
2026 |
|
| Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
Additions |
602,194 |
|
|
At 30 June 2026 |
602,194 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 30 June 2026 |
602,195 |
|
|
|
|
|
|
|
|
|
|
Other investments comprise investment properties and an investment in the ordinary share capital of an unlisted company.
Investment properties are held to earn rentals and for capital appreciation and are measured at fair value in accordance with Section 16 of FRS 102. The fair value of the investment properties at 30 June 2026 has been arrived at on the basis of a valuation carried out at that date by Mr N Javantalal, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the same location and takes into account the current state of the rental market in the area in which the properties are situated. |
|
| 4 |
Loans |
2026 |
|
| £ |
|
|
Creditors include: |
|
|
Secured bank loans |
428,040 |
|
|
|
|
|
|
|
|
|
The bank loans are secured on the investment properties. |
|
|
| 5 |
Related party transactions |
|
|
At the balance sheet date, the company owed £214,747 to the directors. The loan is unsecured, interest free and has no fixed repayment terms. |
|
| 6 |
Going concern |
|
|
The financial statements have been prepared on a going concern basis, notwithstanding that at the balance sheet date the company had net liabilities of £32,572.
The company is able to continue trading with the financial support of its directors. The directors have confirmed their intention to continue providing such support for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements.
Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis. |
|
|
| 7 |
Controlling party |
|
|
The company is jointly controlled by the directors by virtue of their equal ownership of the entire issued share capital of the company. |
|
|
| 8 |
Other information |
|
|
CASA PN LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
18 The Broadway |
|
East Lane |
|
Wembley |
|
Middlesex |
|
HA9 8JU |