Casefield Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04323014 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Casefield Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Wechsler

J I Sternlight

SECRETARY:

S Jacobs

REGISTERED OFFICE:

Fordgate House

1 Allsop Place

London

NW1 5LF

REGISTERED NUMBER:

04323014 (England and Wales)

ACCOUNTANTS:

Martin+Heller

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Tangible assets

4

162,500

162,500

CURRENT ASSETS

Debtors

5

6,350

8,032

CREDITORS

Amounts falling due within one year

6

147,389

144,206

NET CURRENT LIABILITIES

(141,039

)

(136,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,461

26,326

PROVISIONS FOR LIABILITIES

7

781

781

NET ASSETS

20,680

25,545

CAPITAL AND RESERVES

Called up share capital

8

2

2

Non distributable reserves

9

57,994

57,994

Retained earnings

9

(37,316

)

(32,451

)

SHAREHOLDERS' FUNDS

20,680

25,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2021 and were signed on its behalf by:

M Wechsler - Director

1.	STATUTORY INFORMATION

Casefield Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

162,500

NET BOOK VALUE

At 31 March 2020

162,500

At 31 March 2019

162,500

Cost or valuation at 31 March 2020 is represented by:

Land and

buildings

£

Valuation in 2017

58,775

Cost

103,725

162,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

7,017

Other debtors

6,350

1,015

6,350

8,032

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

147,389

144,206

7.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

781

781

Deferred

tax

£

Balance at 1 April 2019

781

Balance at 31 March 2020

781

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

£

£

At 1 April 2019

(32,451

)

57,994

25,543

Deficit for the year

(4,865

)

(4,865

)

At 31 March 2020

(37,316

)

57,994

20,678