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REGISTERED NUMBER: 11217300 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

DB Castle Ltd

DB Castle Ltd (Registered number: 11217300)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DB Castle Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D G Ottewill
Mrs B Ottewill





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 11217300 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

DB Castle Ltd (Registered number: 11217300)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 323
Investments 6 1,030,000 1,005,000
1,030,000 1,005,323

CURRENT ASSETS
Stocks 1,171,334 1,164,498
Debtors 7 6,869,745 5,223,495
Investments 8 1,275,304 2,578,876
Cash at bank and in hand 51,547 23,291
9,367,930 8,990,160
CREDITORS
Amounts falling due within one year 9 (8,669,805 ) (8,338,484 )
NET CURRENT ASSETS 698,125 651,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,728,125

1,656,999

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 272,887 528,096
Retained earnings 1,455,138 1,128,803
SHAREHOLDERS' FUNDS 1,728,125 1,656,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

DB Castle Ltd (Registered number: 11217300)

Balance Sheet - continued
28 February 2023


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 6 October 2023 and were signed on its behalf by:





D G Ottewill - Director


DB Castle Ltd (Registered number: 11217300)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

DB Castle 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Listed investments
Current assets investments are initially recognised at fair value.The fair value is restated each year based on the current market value at 28 February , the date the funds are valued by the broker.
Changes in the fair value are recognised in the income statement. Gains and losses realised are also recognised in the income statement.

Dividend income is recognised separately.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

DB Castle Ltd (Registered number: 11217300)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 969
DEPRECIATION
At 1 March 2022 646
Charge for year 323
At 28 February 2023 969
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 323

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022 1,005,000
Additions 25,000
At 28 February 2023 1,030,000
NET BOOK VALUE
At 28 February 2023 1,030,000
At 28 February 2022 1,005,000

7. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Other debtors 2,018,244 2,489,328

Amounts falling due after more than one year:
Other debtors 4,851,501 2,734,167

Aggregate amounts 6,869,745 5,223,495

DB Castle Ltd (Registered number: 11217300)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Listed investments 1,275,304 2,571,972
Other investments - 6,904
1,275,304 2,578,876

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 75,961 156,056
Other creditors 8,593,844 8,182,428
8,669,805 8,338,484

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022 528,096
Revaluation of listed invest (255,209 )

At 28 February 2023 272,887