Silverfin false false 30/03/2024 31/03/2023 30/03/2024 Thomas Michael Robertson 05/01/2007 22 August 2024 The principal activity of the Company during the financial year was that of engineering consultancy. SC314121 2024-03-30 SC314121 bus:Director1 2024-03-30 SC314121 2023-03-30 SC314121 core:CurrentFinancialInstruments 2024-03-30 SC314121 core:CurrentFinancialInstruments 2023-03-30 SC314121 core:ShareCapital 2024-03-30 SC314121 core:ShareCapital 2023-03-30 SC314121 core:RetainedEarningsAccumulatedLosses 2024-03-30 SC314121 core:RetainedEarningsAccumulatedLosses 2023-03-30 SC314121 core:Vehicles 2023-03-30 SC314121 core:ComputerEquipment 2023-03-30 SC314121 core:Vehicles 2024-03-30 SC314121 core:ComputerEquipment 2024-03-30 SC314121 bus:OrdinaryShareClass1 2024-03-30 SC314121 2023-03-31 2024-03-30 SC314121 bus:FilletedAccounts 2023-03-31 2024-03-30 SC314121 bus:SmallEntities 2023-03-31 2024-03-30 SC314121 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 SC314121 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 SC314121 bus:Director1 2023-03-31 2024-03-30 SC314121 core:Vehicles core:TopRangeValue 2023-03-31 2024-03-30 SC314121 core:ComputerEquipment core:TopRangeValue 2023-03-31 2024-03-30 SC314121 2022-03-31 2023-03-30 SC314121 core:Vehicles 2023-03-31 2024-03-30 SC314121 core:ComputerEquipment 2023-03-31 2024-03-30 SC314121 bus:OrdinaryShareClass1 2023-03-31 2024-03-30 SC314121 bus:OrdinaryShareClass1 2022-03-31 2023-03-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC314121 (Scotland)

CASTLEPARK CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

CASTLEPARK CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 MARCH 2024

Contents

CASTLEPARK CONSULTING LIMITED

BALANCE SHEET

AS AT 30 MARCH 2024
CASTLEPARK CONSULTING LIMITED

BALANCE SHEET (continued)

AS AT 30 MARCH 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 10 43
10 43
Current assets
Debtors 4 28,577 108,096
Cash at bank and in hand 332,974 236,658
361,551 344,754
Creditors: amounts falling due within one year 5 ( 4,443) ( 13,773)
Net current assets 357,108 330,981
Total assets less current liabilities 357,118 331,024
Provision for liabilities 6 0 ( 11)
Net assets 357,118 331,013
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 357,018 330,913
Total shareholder's funds 357,118 331,013

For the financial year ending 30 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Castlepark Consulting Limited (registered number: SC314121) were approved and authorised for issue by the Director on 22 August 2024. They were signed on its behalf by:

Thomas Michael Robertson
Director
CASTLEPARK CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 MARCH 2024
CASTLEPARK CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Castlepark Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 191 Broomhill Road, Aberdeen, AB10 6JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents gross invoiced sales, less value added tax payable under the Flat Rate VAT scheme, and is recognised in the financial statements when the company has obtained the right to consideration.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and credit cards, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 31 March 2023 22,961 2,315 25,276
At 30 March 2024 22,961 2,315 25,276
Accumulated depreciation
At 31 March 2023 22,961 2,272 25,233
Charge for the financial year 0 33 33
At 30 March 2024 22,961 2,305 25,266
Net book value
At 30 March 2024 0 10 10
At 30 March 2023 0 43 43

4. Debtors

2024 2023
£ £
Trade debtors 0 18,798
Corporation tax 8,298 70,385
Other debtors 20,279 18,913
28,577 108,096

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 0 6,077
Other creditors 4,443 7,696
4,443 13,773

6. Provision for liabilities

2024 2023
£ £
Deferred tax 0 11

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director's Loan Account 19,686 18,366

This loan is interest free and repayable on demand.