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Registered number: 02300534
Castle Court Retail Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Steiner & Co.
50 Cowick Street
Exeter
Devon
EX4 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02300534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 80,000 80,000
80,000 80,000
CURRENT ASSETS
Debtors 5 198,451 192,346
Cash at bank and in hand 4,381 13,719
202,832 206,065
Creditors: Amounts Falling Due Within One Year 6 (43,779 ) (54,069 )
NET CURRENT ASSETS (LIABILITIES) 159,053 151,996
TOTAL ASSETS LESS CURRENT LIABILITIES 239,053 231,996
NET ASSETS 239,053 231,996
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair Value Reserve 9 (21,886 ) (21,886 )
Profit and Loss Account 260,839 253,782
SHAREHOLDERS' FUNDS 239,053 231,996
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Balchin
Director
14th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Castle Court Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02300534 . The registered office is 50 Cowick Street, Exeter, EX4 1AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Cost or valuation as at 31 March 2024 represented by:
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 80,000
5. Debtors
2024 2023
£ £
Due within one year
Rental control account - 1,365
Amounts owed by subsidiaries 198,451 190,981
198,451 192,346
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,200 1,200
Directors' loan accounts 42,579 52,869
43,779 54,069
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr John Balchin 1,000 2,000
Mrs Sally Balchin 10 20
9. Reserves
Fair Value Reserve
£
As at 1 April 2023 (21,886 )
As at 31 March 2024 (21,886 )
Page 4