REGISTERED NUMBER: 05817141 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KASA HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Belsham

Mrs S J S Mercer

SECRETARY:

Mrs K Belsham

REGISTERED OFFICE:

Erskine House

Threshelfords Business Park

Inworth Road

Feering

Essex

CO5 9SE

REGISTERED NUMBER:

05817141 (England and Wales)

ACCOUNTANTS:

Wilson Devenish

67 Newland Street

Witham

Essex

CM8 1AA

FIXED ASSETS

Tangible assets

4

-

2

Investment property

5

-

300,000

-

300,002

CURRENT ASSETS

Debtors

6

49,600

2,700

Prepayments and accrued income

-

240

Cash at bank

39,781

2,824

89,381

5,764

CREDITORS

Amounts falling due within one year

7

22,888

178,832

NET CURRENT ASSETS/(LIABILITIES)

66,493

(173,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

66,493

126,934

CREDITORS

Amounts falling due after more than one year

8

-

182,080

NET ASSETS/(LIABILITIES)

66,493

(55,146

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

66,491

(55,148

)

SHAREHOLDERS' FUNDS

66,493

(55,146

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 September 2017 and were signed on its behalf by:

Mrs K Belsham - Director

Mrs S J S Mercer - Director

1.	STATUTORY INFORMATION

Kasa Homes 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Plant and machinery etc

-

33.3% on cost

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 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

4,018

Disposals

(4,018

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

4,016

Eliminated on disposal

(4,016

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

2

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2016

300,000

Disposals

(300,000

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

49,600

2,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

22,408

1,786

Other creditors

480

177,046

22,888

178,832

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

-

182,080

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs

-

182,080

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

-

182,080

10.	ULTIMATE CONTROLLING PARTY

There was not considered to be a controlling party in either the current or preceding year.