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REGISTERED NUMBER: 09045608 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CASTLELINE DEVELOPMENTS LIMITED

CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CASTLELINE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr S Saggar
Mrs M Soni





REGISTERED OFFICE: Unit 11 Trade City Business Park
Cowley Mill Road
Uxbridge
UB8 2DB





REGISTERED NUMBER: 09045608 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 887,111 894,418

CURRENT ASSETS
Inventories 3,500 1,500
Debtors 5 53,794 26,267
Cash at bank and in hand 13,090 12,375
70,384 40,142
CREDITORS
Amounts falling due within one year 6 408,825 338,852
NET CURRENT LIABILITIES (338,441 ) (298,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

548,670

595,708

CREDITORS
Amounts falling due after more than one
year

7

433,674

470,266
NET ASSETS 114,996 125,442

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 114,896 125,342
SHAREHOLDERS' FUNDS 114,996 125,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

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

CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 29 September 2023 and were signed on its behalf by:





Mrs M Soni - Director


CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Castleline Developments 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.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 869,298 97,253 966,551
DEPRECIATION
At 1 February 2022 - 72,133 72,133
Charge for year - 7,307 7,307
At 31 January 2023 - 79,440 79,440
NET BOOK VALUE
At 31 January 2023 869,298 17,813 887,111
At 31 January 2022 869,298 25,120 894,418

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 10,999
DEPRECIATION
At 1 February 2022 917
Charge for year 2,016
At 31 January 2023 2,933
NET BOOK VALUE
At 31 January 2023 8,066
At 31 January 2022 10,082

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 37,544 14,525
Amounts recoverable on contract 6,544 1,600
Other debtors 9,706 10,142
53,794 26,267

CASTLELINE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09045608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 42,243 44,005
Hire purchase contracts 1,820 1,601
Trade creditors 4,839 7,716
Amounts owed to associates 343,829 259,379
Taxation and social security 8,990 9,653
Other creditors 7,104 16,498
408,825 338,852

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 430,532 465,303
Hire purchase contracts 3,142 4,963
433,674 470,266

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 309,530 292,707

8. SECURED DEBTS

The following secured debts are included within creditors:

31/1/23 31/1/22
£    £   
Bank loans 466,182 506,169
Hire purchase contracts 4,962 6,564
471,144 512,733

The bank loan is secured with a legal charge against the company's freehold property.
Hire purchase liabilities are secured against the specific encumbered asset.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
100 Ordinary 1 100 100