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REGISTERED NUMBER: 04836347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Castles Buildings Limited

Castles Buildings Limited (Registered number: 04836347)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castles Buildings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D A Evans
Ms A Evans





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





BUSINESS ADDRESS: 275 Carlton Road
Carlton
Barnsley
South Yorkshire
S71 3HX





REGISTERED NUMBER: 04836347 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Castles Buildings Limited (Registered number: 04836347)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 313,615 315,413
Investments 7 127,986 123,558
441,601 438,971

CURRENT ASSETS
Stocks 66,885 59,843
Debtors 8 114,545 130,142
Cash at bank and in hand 379,271 402,410
560,701 592,395
CREDITORS
Amounts falling due within one year 9 133,205 181,484
NET CURRENT ASSETS 427,496 410,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,097

849,882

CREDITORS
Amounts falling due after more than one
year

10

(67,620

)

(76,858

)

PROVISIONS FOR LIABILITIES (5,318 ) (2,780 )
NET ASSETS 796,159 770,244

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 796,158 770,243
SHAREHOLDER FUNDS 796,159 770,244

Castles Buildings Limited (Registered number: 04836347)

Balance Sheet - continued
31 March 2023


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2023 and were signed on its behalf by:





Mr D A Evans - Director


Castles Buildings Limited (Registered number: 04836347)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Castles Buildings 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.

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 on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

The directors are of the opinion that the current market value of the freehold property in the accounts is in excess of the net book value and have therefore taken the decision not to depreciate the freehold property during the year. Prior to this freehold property had been depreciated on a straight line basis over fifty years.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Castles Buildings Limited (Registered number: 04836347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Coronavirus pandemic - impact on going concern and carrying value of assets
The Coronavirus pandemic is causing a global health and economic crisis that is without precedent.

Whilst governments worldwide (including in the UK) and global authorities are responding with extraordinary measures, the crisis is having, and will continue to have, a very significant impact on many businesses including ours. No-one can predict the likely outcome over the next few months. As the accounts are required to be drawn up on a going concern basis which looks ahead at least 12 months from the date of signing, it is not possible to predict whether the business will remain a going concern for the next 12 months. There is therefore a fundamental uncertainty as to the going concern basis of preparing the accounts.

The coronavirus pandemic may also have a significant impact on the carrying values of assets and liabilities which therefore may be materially different from the figures included in the accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 18 ) .

Castles Buildings Limited (Registered number: 04836347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 19,000
AMORTISATION
At 1 April 2022
and 31 March 2023 19,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 333,202 52,751 24,080 81,872 491,905
Additions - - 1,040 - 1,040
At 31 March 2023 333,202 52,751 25,120 81,872 492,945
DEPRECIATION
At 1 April 2022 29,113 52,232 21,596 73,551 176,492
Charge for year - 131 626 2,081 2,838
At 31 March 2023 29,113 52,363 22,222 75,632 179,330
NET BOOK VALUE
At 31 March 2023 304,089 388 2,898 6,240 313,615
At 31 March 2022 304,089 519 2,484 8,321 315,413

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 123,558
Revaluations 4,428
At 31 March 2023 127,986
NET BOOK VALUE
At 31 March 2023 127,986
At 31 March 2022 123,558

Castles Buildings Limited (Registered number: 04836347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2019 5,175
Valuation in 2020 6,301
Valuation in 2021 (1,821 )
Valuation in 2022 13,903
Valuation in 2023 4,428
Cost 100,000
127,986

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,155 111,236
Other debtors 23,390 18,906
114,545 130,142

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,500 12,500
Trade creditors 64,960 49,326
Taxation and social security 43,308 101,673
Other creditors 12,437 17,985
133,205 181,484

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,620 76,858

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 17,620 26,858
17,620 26,858

Castles Buildings Limited (Registered number: 04836347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 80,120 89,358

The bank loan is secured on the assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1