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REGISTERED NUMBER: 04640891 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CASTLELINE LIMITED

CASTLELINE LIMITED (REGISTERED NUMBER: 04640891)






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 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mrs M Soni





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





REGISTERED NUMBER: 04640891 (England and Wales)





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

CASTLELINE LIMITED (REGISTERED NUMBER: 04640891)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 405,674 405,674

CURRENT ASSETS
Debtors 5 770,490 540,301
Cash at bank 663,499 768,521
1,433,989 1,308,822
CREDITORS
Amounts falling due within one year 6 665,931 654,306
NET CURRENT ASSETS 768,058 654,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,732

1,060,190

CREDITORS
Amounts falling due after more than one
year

7

122,995

172,995
NET ASSETS 1,050,737 887,195

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,050,637 887,095
SHAREHOLDERS' FUNDS 1,050,737 887,195

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 director acknowledges her 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 LIMITED (REGISTERED NUMBER: 04640891)

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 director and authorised for issue on 29 September 2023 and were signed by:





Mrs M Soni - Director


CASTLELINE LIMITED (REGISTERED NUMBER: 04640891)

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

1. STATUTORY INFORMATION

Castleline 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.
Plant and machinery etc - 20% on cost

Freehold property
The directors acknowledge the need to assess appropriate depreciation policies based upon historical cost less residual value. The freehold property will be maintained to a high standard throughout the value in use period in order to meet industry regulations. The directors do not consider that the residual value of the freehold properties will reduce below the historical cost values.

Accordingly, the freehold properties have not been depreciated.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

CASTLELINE LIMITED (REGISTERED NUMBER: 04640891)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 405,674 5,387 411,061
DEPRECIATION
At 1 February 2022
and 31 January 2023 - 5,387 5,387
NET BOOK VALUE
At 31 January 2023 405,674 - 405,674
At 31 January 2022 405,674 - 405,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 31,212 14,955
Amounts owed by connected company 376,616 299,379
Amounts recoverable on contract 151,979 115,189
Other debtors 210,683 110,778
770,490 540,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 20,586 21,174
Taxation and social security 83,665 76,662
Other creditors 511,680 506,470
665,931 654,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 122,995 172,995

CASTLELINE LIMITED (REGISTERED NUMBER: 04640891)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31/1/23 31/1/22
£    £   
Bank loans 172,995 222,995

The bank loan is secured by a HSBC Bank fixed and floating charge over all the company's assets.

The £250,000 Coronavirus Business Interruption Loan is materially secured by the government.

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31/1/23 31/1/22
£    £   
Mrs M Soni
Balance outstanding at start of year - 118,969
Amounts advanced - 13,147
Amounts repaid - (132,116 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -