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Registration number: 11174949

Castel Re Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Castel Re Ltd

Contents

Company Information

1

Director's Report

2

Income Statement

3

Statement of Comprehensive Income

4

Statement of Financial Position

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

Detailed Income Statement

9 to 10

 

Castel Re Ltd

Company Information

Director

Eleorona Luciani

Company secretary

Lincoln Secretaries Limited

Registered office

12 Bridewell Place
3rd Floor East
London
EC4V6AP

 

Castel Re Ltd

Director's Report for the Year Ended 31 January 2023

The director presents her report and the financial statements for the year ended 31 January 2023.

Director of the company

The director who held office during the year was as follows:

Eleorona Luciani

Principal activity

The principal activity of the company is that of development of building projects.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 October 2023
 

.........................................
Lincoln Secretaries Limited
Company secretary

 

Castel Re Ltd

Income Statement for the Year Ended 31 January 2023

Note

2023
£

2022
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(1,800)

8,398

Operating (loss)/profit

 

(1,800)

8,398

(Loss)/profit before tax

(1,800)

8,398

(Loss)/profit for the financial year

 

(1,800)

8,398

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Castel Re Ltd

Statement of Comprehensive Income for the Year Ended 31 January 2023

2023
£

2022
£

(Loss)/profit for the year

(1,800)

8,398

Total comprehensive income for the year

(1,800)

8,398

 

Castel Re Ltd

(Registration number: 11174949)
Statement of Financial Position as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,352,750

3,352,750

Creditors: Amounts falling due within one year

5

(15,052)

(13,252)

Net assets

 

3,337,698

3,339,498

Capital and reserves

 

Called up share capital

3,352,750

3,352,750

Retained earnings

(15,052)

(13,252)

Shareholders' funds

 

3,337,698

3,339,498

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 October 2023
 

.........................................
Eleorona Luciani
Director

 

Castel Re Ltd

Statement of Changes in Equity for the Year Ended 31 January 2023

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

3,352,750

(13,252)

3,339,498

Loss for the year

-

(1,800)

(1,800)

At 31 January 2023

3,352,750

(15,052)

3,337,698

Share capital
£

Retained earnings
£

Total
£

At 1 February 2021

3,352,750

(21,650)

3,331,100

Profit for the year

-

8,398

8,398

At 31 January 2022

3,352,750

(13,252)

3,339,498

 

Castel Re Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
12 Bridewell Place
3rd Floor East
London
EC4V6AP

These financial statements were authorised for issue by the director on 27 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis,Subject to the continuing support of the
shareholder

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Castel Re Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2022

3,352,750

3,352,750

At 31 January 2023

3,352,750

3,352,750

Depreciation

Carrying amount

At 31 January 2023

3,352,750

3,352,750

At 31 January 2022

3,352,750

3,352,750

Included within the net book value of land and buildings above is £3,352,750 (2022 - £3,352,750) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

791

3,286

Other creditors

14,261

9,966

15,052

13,252

 

Castel Re Ltd

Detailed Income Statement for the Year Ended 31 January 2023

2023
 £

2022
 £

turnover (analysed below)

-

-

Administrative expenses

General administrative expenses (analysed below)

(1,800)

8,398

Operating (loss)/profit

(1,800)

8,398

(Loss)/profit before tax

(1,800)

8,398

 

Castel Re Ltd

Detailed Income Statement for the Year Ended 31 January 2023

2023
£

2022
£

   

General administrative expenses

Legal and professional fees

(1,800)

8,398