Company registration number NI653648 (Northern Ireland)
CASTLE DECK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
CASTLE DECK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CASTLE DECK LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
-
0
31,339
Cash at bank and in hand
100
-
0
100
31,339
Creditors: amounts falling due within one year
6
-
0
(28,029)
Net current assets
100
3,310
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
-
0
3,210
Total equity
100
3,310

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 22 September 2023
Lauren Peck
Director
Company Registration No. NI653648
CASTLE DECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Castle Deck Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is Office 204, Scottish Provident Building, 7 Donegal Square West, Belfast, Northern Ireland, BT1 6JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from the agreement with the franchisor for the provision of franchisee services is recognised when the company has completed a sale on behalf of the franchisor. The revenue the company is entitled to is based on the income as stated in the agreement with the franchisor. Revenue is shown net of VAT and other sales related taxes.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets include debtors.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities include creditors. Creditors are not interest bearing and are stated at their nominal value.

CASTLE DECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 3 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
-
0
1
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
-
0
1,131
Adjustments in respect of prior periods
-
0
500
Total current tax
-
0
1,631
4
Dividends
2023
2022
£
£
Final paid
500
2,000
CASTLE DECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
31,339
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
-
0
1,131
Other creditors
-
0
26,898
-
0
28,029
7
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
2023-02-28 2022-10-01 false CCH Software CCH Accounts Production 2023.200 No description of principal activity Lauren Peck NI653648 2022-10-01 2023-02-28 NI653648 2023-02-28 NI653648 2022-09-30 NI653648 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 NI653648 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 NI653648 core:CurrentFinancialInstruments 2023-02-28 NI653648 core:CurrentFinancialInstruments 2022-09-30 NI653648 core:ShareCapital 2023-02-28 NI653648 core:ShareCapital 2022-09-30 NI653648 core:RetainedEarningsAccumulatedLosses 2023-02-28 NI653648 core:RetainedEarningsAccumulatedLosses 2022-09-30 NI653648 bus:Director1 2022-10-01 2023-02-28 NI653648 2021-10-01 2022-09-30 NI653648 core:UKTax 2022-10-01 2023-02-28 NI653648 core:UKTax 2021-10-01 2022-09-30 NI653648 core:WithinOneYear 2023-02-28 NI653648 core:WithinOneYear 2022-09-30 NI653648 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-02-28 NI653648 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-02-28 NI653648 bus:FRS102 2022-10-01 2023-02-28 NI653648 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-02-28 NI653648 bus:FullAccounts 2022-10-01 2023-02-28 xbrli:pure xbrli:shares iso4217:GBP