Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01true1falseNo description of principal activity1true 02512640 2022-04-01 2023-03-31 02512640 2021-04-01 2022-03-31 02512640 2023-03-31 02512640 2022-03-31 02512640 c:Director2 2022-04-01 2023-03-31 02512640 d:CurrentFinancialInstruments 2023-03-31 02512640 d:CurrentFinancialInstruments 2022-03-31 02512640 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02512640 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02512640 d:ShareCapital 2023-03-31 02512640 d:ShareCapital 2022-03-31 02512640 d:RetainedEarningsAccumulatedLosses 2023-03-31 02512640 d:RetainedEarningsAccumulatedLosses 2022-03-31 02512640 c:FRS102 2022-04-01 2023-03-31 02512640 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02512640 c:FullAccounts 2022-04-01 2023-03-31 02512640 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02512640










CASTLE COURT PROPERTY DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CASTLE COURT PROPERTY DEVELOPMENTS LIMITED
02512640

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
116,228
103,897

Debtors: amounts falling due within one year
 4 
-
16,064

Cash at bank and in hand
  
264
92

  
116,492
120,053

Creditors: amounts falling due within one year
 5 
(302,644)
(332,634)

Net current liabilities
  
 
 
(186,152)
 
 
(212,581)

  

Net liabilities
  
(186,152)
(212,581)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(186,252)
(212,681)

  
(186,152)
(212,581)


Page 1

 
CASTLE COURT PROPERTY DEVELOPMENTS LIMITED
02512640
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
D M Stericker
Director

Date: 31 October 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CASTLE COURT PROPERTY DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company, which was incorporated and registered in England & Wales (registered number 02512640), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown in the financial statements, the company has total liabilities exceeding its total assets by
£186,152 (2022: £212,581). The company meets its day to day working capital requirements through the support of the director, who has confirmed that her support will continue for the foreseeable future. For this reason, the company has decided to prepare the accounts using the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CASTLE COURT PROPERTY DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
CASTLE COURT PROPERTY DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
16,064



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
297,358
327,921

Other taxation and social security
5,286
4,713

302,644
332,634


 
Page 5