HOME CASTLE INVESTMENT LTD 11022467 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Buy to Let Property Company Digita Accounts Production Advanced 6.30.9574.0 true true 11022467 2022-11-01 2023-10-31 11022467 2023-10-31 11022467 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-10-31 11022467 core:RetainedEarningsAccumulatedLosses 2023-10-31 11022467 core:RevaluationReserve 2023-10-31 11022467 core:ShareCapital 2023-10-31 11022467 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11022467 core:Non-currentFinancialInstruments 2023-10-31 11022467 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 11022467 core:LandBuildings 2023-10-31 11022467 bus:SmallEntities 2022-11-01 2023-10-31 11022467 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11022467 bus:FullAccounts 2022-11-01 2023-10-31 11022467 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11022467 bus:RegisteredOffice 2022-11-01 2023-10-31 11022467 bus:Director1 2022-11-01 2023-10-31 11022467 bus:Director2 2022-11-01 2023-10-31 11022467 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-01 2023-10-31 11022467 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11022467 core:RevaluationReserve core:LandBuildings 2022-11-01 2023-10-31 11022467 core:Buildings 2022-11-01 2023-10-31 11022467 core:LandBuildings 2022-11-01 2023-10-31 11022467 countries:England 2022-11-01 2023-10-31 11022467 2022-10-31 11022467 core:LandBuildings 2022-10-31 11022467 2021-11-01 2022-10-31 11022467 2022-10-31 11022467 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-10-31 11022467 core:RetainedEarningsAccumulatedLosses 2022-10-31 11022467 core:RevaluationReserve 2022-10-31 11022467 core:ShareCapital 2022-10-31 11022467 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11022467 core:Non-currentFinancialInstruments 2022-10-31 11022467 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 11022467 core:LandBuildings 2022-10-31 11022467 core:RevaluationReserve core:LandBuildings 2021-11-01 2022-10-31 11022467 core:LandBuildings 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11022467

HOME CASTLE INVESTMENT LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

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Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

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Company Information

Directors

Mr G King

Mrs T King

Registered office

C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
LS25 1NB

Accountants

Clever Accounts LTD
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

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(Registration number: 11022467)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,130,065

749,049

Current assets

 

Cash at bank and in hand

 

35,762

48,327

Creditors: Amounts falling due within one year

(207)

-

Net current assets

 

35,555

48,327

Total assets less current liabilities

 

1,165,620

797,376

Creditors: Amounts falling due after more than one year

(992,753)

(705,927)

Net assets

 

172,867

91,449

Capital and reserves

 

Called up share capital

5

100

100

Revaluation reserve

251,700

140,500

Retained earnings

(78,933)

(49,151)

Shareholders' funds

 

172,867

91,449

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

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

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(Registration number: 11022467)
Balance Sheet as at 31 October 2023

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................

Mr G King
Director

.........................................

Mrs T King
Director

 

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

1

General information

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

The address of its registered office is:
C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
LS25 1NB

These financial statements were authorised for issue by the Board on 9 April 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the year, was 2 (2022 - 2).

 

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 November 2022

749,049

749,049

Additions

381,016

381,016

At 31 October 2023

1,130,065

1,130,065

Depreciation

Carrying amount

At 31 October 2023

1,130,065

1,130,065

At 31 October 2022

749,049

749,049

Included within the net book value of land and buildings above is £1,130,065 (2022 - £749,049) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

251,700

251,700

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

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

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

140,500

140,500

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

992,753

705,927