CASTLE SQUARE APARTMENTS LIMITED

Company Registration Number:
05964819 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CASTLE SQUARE APARTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

CASTLE SQUARE APARTMENTS LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Howard Gray Roberts
Menna Lynn Roberts
Hywel Prytherch Roberts
Secretary: Howard Gray Roberts
Registered office: Pencoed
Penmon
Beaumaris
Anglesey
LL58 8SH
Company Registration Number: 05964819 (England and Wales)

CASTLE SQUARE APARTMENTS LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

All year round furnished self catering holiday letting[ two apartments] in a commercial building that the company owns at 1 Castle Street Beaumaris. The company also lets a self contained separate part of the building as an office.

Political and charitable donations

None

Company policy on the employment of disabled persons

We are an equal opportunities employer.

Additional information

Letting income rose 9.67% during the financial year through increased nights let and, a below inflationary rise, in tariffs. Castle Square Apartments remain an important source of short stay holiday guests within Beaumaris Town and this benefits many other local businesses. In particular we know that guests like to eat out at local restaurants during their stays as well as source provisions and enjoy local attractions. The taxation regime for small business however appears more perilous in 24-25 with a likely impact from a potentially significant withdrawal of business rates relief and support.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Howard Gray Roberts
Menna Lynn Roberts
Hywel Prytherch Roberts

Secretary
Howard Gray Roberts

This report was approved by the board of directors on 3 April 2024
And Signed On Behalf Of The Board By:

Name: Howard Gray Roberts
Status: Director

Name: Menna Lynn Roberts
Status: Director

CASTLE SQUARE APARTMENTS LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 59,011 53,804
Cost of sales ( 20,971 ) ( 16,832 )
Gross Profit or (Loss) 38,040 36,972
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 2,861 ) ( 4,893 )
Other operating income 6,000 6,000
Operating Profit or (Loss) 41,179 38,079
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 7,588 ) ( 7,588 )
Profit or (Loss) Before Tax 33,591 30,491
Tax on Profit ( 5,768 ) ( 4,713 )
Profit or (Loss) for Period 27,823 25,778

The notes form part of these financial statements

CASTLE SQUARE APARTMENTS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 60,000 60,000
Tangible assets: 6 522,117 522,117
Total fixed assets: 582,117 582,117
Current assets
Stocks: 59 0
Cash at bank and in hand: 13,964 18,421
Total current assets: 14,023 18,421
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 2,596 ) ( 2,817 )
Net current assets (liabilities): 11,427 15,604
Total assets less current liabilities: 593,544 597,721
Creditors: amounts falling due after more than one year: 8 ( 411,144 ) ( 443,144 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 182,400 154,577

The notes form part of these financial statements

CASTLE SQUARE APARTMENTS LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 748 748
Profit and loss account: 181,652 153,829
Shareholders funds: 182,400 154,577

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 April 2024
And Signed On Behalf Of The Board By:

Name: Howard Gray Roberts
Status: Director

Name: Menna Lynn Roberts
Status: Director

The notes form part of these financial statements

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 0 0

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Intangible assets

Goodwill Total
Cost £ £
At 01 April 2023 60,000 60,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 60,000 60,000
Amortisation
Amortisation at 01 April 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2024 - -
Net book value
Net book value at 31 March 2024 60,000 60,000
Net book value at 31 March 2023 60,000 60,000

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Total
Cost £ £ £ £
At 01 April 2023 497,948 22,852 1,317 522,117
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2024 497,948 22,852 1,317 522,117
Depreciation
At 01 April 2023 - - - -
Charge for year - - - -
On disposals - - - -
Other adjustments - - - -
At 31 March 2024 - - - -
Net book value
At 31 March 2024 497,948 22,852 1,317 522,117
At 31 March 2023 497,948 22,852 1,317 522,117

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Other creditors 2,596 2,817
Total 2,596 2,817

As of 31st March 2024, the total sum of £2596 was owed to Director Howard Gray Roberts in respect of receipted purchases for the business in respect of repairs and maintenance.

CASTLE SQUARE APARTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 411,144 443,144
Total 411,144 443,144

As of 31st March 2024; £297,955 was owed to Director Howard Gray Roberts in respect of capital loaned to the company, at its outset, to enable it to purchase its principal asset(the building at 1 Castle Street). No interest is payable. Also as of 31st March 2024 the total of £113,189 is owed to Director Menna Lynn Roberts who, in the financial year 16-17, loaned the sum to the company to pay off its bank loan to reduce interest charges. 3% interest fixed is payable, per annum, on that loan to Director MLR. During the financial year £32,000 of the Directors loan owed to Director Howard Gray Roberts was repaid by the company from balances.