Casually En Route Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11356504 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CASUALLY EN ROUTE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Fleming

E T Williams

J W Goodwin

N Killham

A J Harman

REGISTERED OFFICE:

41 Mitchell Street

London

EC1V 3QD

REGISTERED NUMBER:

11356504 (England and Wales)

ACCOUNTANTS:

Redfin Management Limited

111 Charterhouse Street

Farringdon

London

EC1M 6AW

FIXED ASSETS

Intangible assets

4

80,268

226,776

Investments

5

5

5

80,273

226,781

CURRENT ASSETS

Debtors

-

2,199

Cash in hand

945

2,731

945

4,930

CREDITORS

Amounts falling due within one year

80,850

76,859

NET CURRENT LIABILITIES

(79,905

)

(71,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

368

154,852

CAPITAL AND RESERVES

Called up share capital

90

90

Revaluation reserve

-

154,671

Retained earnings

278

91

368

154,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 September 2023 and were signed on its behalf by:

E T Williams - Director

M Fleming - Director

J W Goodwin - Director

A J Harman - Director

N Killham - Director

1.	STATUTORY INFORMATION

Casually En Route Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

The company invests in cryptocurrencies. These are accounted for as intangible assets using the revaluation model. Gains and losses on revaluation are recognised in other comprehensive income.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 NIL (2021 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2022

226,776

Additions

123,813

Disposals

(100,028

)

Revaluations

(170,293

)

At 31 December 2022

80,268

NET BOOK VALUE

At 31 December 2022

80,268

At 31 December 2021

226,776

Cost or valuation at 31 December 2022 is represented by:

Totals

£

Valuation in 2020

46,469

Valuation in 2021

108,203

Valuation in 2022

(170,293

)

Cost

95,889

80,268

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2022

and 31 December 2022

5

NET BOOK VALUE

At 31 December 2022

5

At 31 December 2021

5

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No interest is payable on these loans.

7.	SHARE-BASED PAYMENT TRANSACTIONS

The company operates an EMI scheme. At the year end options over one share were outstanding. There was no movement in the year.