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REGISTERED NUMBER: 06810647 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CASTLE SCHOOL PEMBROKESHIRE LIMITED

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CASTLE SCHOOL PEMBROKESHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs H S Harrison





REGISTERED OFFICE: Addle Pitts
Llawhaden
PEMBROKESHIRE
SA67 8DX





REGISTERED NUMBER: 06810647 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 165,655 184,774

CURRENT ASSETS
Debtors 5 288,997 199,776
Cash at bank and in hand 3,620 52,003
292,617 251,779
CREDITORS
Amounts falling due within one year 6 354,862 335,685
NET CURRENT LIABILITIES (62,245 ) (83,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,410

100,868

CREDITORS
Amounts falling due after more than one
year

7

(109,359

)

(174,530

)

PROVISIONS FOR LIABILITIES (13,499 ) (13,499 )
NET LIABILITIES (19,448 ) (87,161 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (19,449 ) (87,162 )
SHAREHOLDERS' FUNDS (19,448 ) (87,161 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:





Mrs H S Harrison - Director


CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Castle School Pembrokeshire 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.

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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the invoiced amount for educational services provided to its pupils.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost-excluding land at 0%
Plant and machinery - 50% on cost
Fixtures and fittings - 50% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 38 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 286,775
Additions 510
Disposals (36,849 )
At 31 July 2023 250,436
DEPRECIATION
At 1 August 2022 102,001
Charge for year 6,949
Eliminated on disposal (24,169 )
At 31 July 2023 84,781
NET BOOK VALUE
At 31 July 2023 165,655
At 31 July 2022 184,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 193,274 86,035
Amounts owed by associates 737 94,462
Other debtors 94,986 19,279
288,997 199,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 77,528 70,032
Trade creditors 15,884 14,862
Amounts owed to associates 149,382 -
Taxation and social security 16,613 11,798
Other creditors 95,455 238,993
354,862 335,685

Within "Other creditors" falling due within one year, is £None [2022 - £201,508] owed to the company director.

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 109,359 174,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,086 22,927

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/23 31/7/22
£    £   
Within one year 56,787 62,284
Between one and five years 17,930 63,883
74,717 126,167

The lease commitments in the main relate to the commercial property, equipment and vehicles.

9. SECURED DEBTS

The following secured debts are included within creditors:

31/7/23 31/7/22
£    £   
Bank loans 173,579 244,562

The director has provided a loan provider a personal guarantee for the company debt.
The Coronavirus Business Interruption Loan scheme is substantially guaranteed by the government.

10. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

The director loan and other loans do not have a finite repayment date. Despite the loans being repayable on demand, they have been disclosed based upon the period the loans are likely to be repaid. No interest or fair value adjustments are included.

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
1 Ordinary Shares £1 1 1

CASTLE SCHOOL PEMBROKESHIRE LIMITED (REGISTERED NUMBER: 06810647)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31/7/23 31/7/22
£    £   
Mrs H S Harrison
Balance outstanding at start of year - 6,708
Amounts advanced 105,740 -
Amounts repaid (30,000 ) (6,708 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,740 -

The Directors' loan account was overdrawn at the year end but was repaid within 9 months of the year end.