Castletech Maintenance Ltd 03428895 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is 68209 -Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 03428895 2022-10-01 2023-09-30 03428895 2023-09-30 03428895 core:RetainedEarningsAccumulatedLosses 2023-09-30 03428895 core:ShareCapital 2023-09-30 03428895 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03428895 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03428895 bus:SmallEntities 2022-10-01 2023-09-30 03428895 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03428895 bus:FullAccounts 2022-10-01 2023-09-30 03428895 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03428895 bus:RegisteredOffice 2022-10-01 2023-09-30 03428895 bus:Director1 2022-10-01 2023-09-30 03428895 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03428895 countries:AllCountries 2022-10-01 2023-09-30 03428895 2021-10-01 2022-09-30 03428895 2022-09-30 03428895 core:RetainedEarningsAccumulatedLosses 2022-09-30 03428895 core:ShareCapital 2022-09-30 03428895 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 03428895 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 03428895

Castletech Maintenance Ltd



Filleted Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Castletech Maintenance Ltd

 

(Registration number: 03428895)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

2,876,966

2,876,966

Current assets

 

Debtors

5

192,107

202,494

Cash at bank and in hand

 

15,004

3,338

 

207,111

205,832

Creditors: Amounts falling due within one year

6

(47,115)

(47,623)

Net current assets

 

159,996

158,209

Total assets less current liabilities

 

3,036,962

3,035,175

Creditors: Amounts falling due after more than one year

6

(702,194)

(709,367)

Provisions for liabilities

(380,660)

(380,660)

Net assets

 

1,954,108

1,945,148

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,954,008

1,945,048

Total equity

 

1,954,108

1,945,148

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 April 2024
 

 

Castletech Maintenance Ltd

 

(Registration number: 03428895)
Balance Sheet as at 30 September 2023

.........................................
Mr S M A Atkins
Director

 

Castletech Maintenance Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
First Floor
94 Stamford Hill
London
N16 6XS
England

These financial statements were authorised for issue by the director on 19 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 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Castletech Maintenance Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

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 taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Castletech Maintenance Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investment properties

2023
£

Additions

2,876,966

At 30 September 23

2,876,966

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £856,966.

 

5

Debtors

Current

2023
£

2022
£

Other debtors

192,107

202,494

 

192,107

202,494

 

Castletech Maintenance Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

106

106

Accruals and deferred income

1,200

1,620

Other creditors

134

134

Corporation tax liability

2,101

11,199

Director current accounts

43,574

34,564

47,115

47,623

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

702,194

709,367

Creditors include bank loans which are secured of £683,150 (2022 - £683,150).