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REGISTERED NUMBER: 07599820 (England and Wales)















CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr N Cowley
Mr A P Cowley



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 07599820 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Santander UK Plc
2 Triton Square
Regent's Place
London
NW1 3AN

CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 175,010 10

CURRENT ASSETS
Stocks 3,061,003 2,994,134
Debtors 5 1,281,242 1,112,269
Cash at bank 111,886 193,589
4,454,131 4,299,992
CREDITORS
Amounts falling due within one year 6 1,470,335 1,186,120
NET CURRENT ASSETS 2,983,796 3,113,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158,806

3,113,882

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,158,706 3,113,782
SHAREHOLDERS' FUNDS 3,158,806 3,113,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 6th February 2024 and were signed on its behalf by:





Mr N Cowley - Director


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Castlewood (Commercial) Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number 07599820

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- The directors review work in progress in regards to the stage of completion, in order to assess the point in which turnover is recognised.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments
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.

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

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 statement of financial position date.


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st January 2023 10
Additions 175,000
At 31st December 2023 175,010
NET BOOK VALUE
At 31st December 2023 175,010
At 31st December 2022 10

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 197,437 190,627
Amounts owed by participating interests 28,300 28,300
Amounts owed by associates 987,006 857,674
Other debtors 68,499 35,668
1,281,242 1,112,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,646 396
Amounts owed to participating interests 145,005 -
Taxation and social security 304,034 178,592
Other creditors 1,017,650 1,007,132
1,470,335 1,186,120

CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 1,000,000 1,000,000

The above loan is secured by way of a legal charge over a proportion of land to the north side of Kingsdown Road, Stratton St Margaret, Swindon by way of legal mortgage with full guarantee.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr N Cowley
Balance outstanding at start of year - 306,886
Amounts advanced 50,000 -
Amounts repaid - (306,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,000 -