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REGISTERED NUMBER: 03473646 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CASTLE HOMES OF WARWICK LIMITED

CASTLE HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLE HOMES OF WARWICK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr R W Davis
Mr M Illum
Mr I A Collins





REGISTERED OFFICE: 1 Abbotsford House
Bridge Street
Kenilworth
Warwickshire
CV8 1BP





REGISTERED NUMBER: 03473646 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

CASTLE HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,659 9,879
Investments 5 1 1
12,660 9,880

CURRENT ASSETS
Stocks 384,912 402,103
Debtors 6 853,865 1,293,391
Cash at bank 3,203 22,003
1,241,980 1,717,497
CREDITORS
Amounts falling due within one year 7 624,004 643,548
NET CURRENT ASSETS 617,976 1,073,949
TOTAL ASSETS LESS CURRENT LIABILITIES 630,636 1,083,829

CREDITORS
Amounts falling due after more than one
year

8

500,467

1,008,354
NET ASSETS 130,169 75,475

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 129,669 74,975
SHAREHOLDERS' FUNDS 130,169 75,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mr R W Davis - Director


CASTLE HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Castle Homes Of Warwick 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
The cost of stock and work in progress comprises property acquired, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing work in progress to its current condition. At each reporting date work in process is assessed for impairment. If impairment is identified work in process is reduced to selling price less cost to complete and sell. Impairments are recognised immediately in the profit and loss account.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CASTLE HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 7,789 10,200 4,075 22,064
Additions - 6,000 - 6,000
At 30 November 2023 7,789 16,200 4,075 28,064
DEPRECIATION
At 1 December 2022 4,654 4,027 3,504 12,185
Charge for year 784 2,293 143 3,220
At 30 November 2023 5,438 6,320 3,647 15,405
NET BOOK VALUE
At 30 November 2023 2,351 9,880 428 12,659
At 30 November 2022 3,135 6,173 571 9,879

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 707,600 1,204,400
Other debtors 146,265 88,991
853,865 1,293,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 9,632
Trade creditors 133,653 288,122
Taxation and social security 26,999 28,548
Other creditors 452,704 317,246
624,004 643,548

CASTLE HOMES OF WARWICK LIMITED (REGISTERED NUMBER: 03473646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,136 26,023
Other creditors 485,331 982,331
500,467 1,008,354

9. RELATED PARTY DISCLOSURES

Other creditors includes amounts loaned to the company by its directors amounting to £245,331 (2022 £282,331). These loans are made interest free and the directors have undertaken not to withdraw these funds for a period of 12 months from the date of signing the balance sheet.

Also included in other creditors is a loan of £300,000 from a company with common directors and shareholders. This loan is interest free and repayable on demand.

At the year end the company owed £240,000 (2022 £700,000) to a company controlled by parties related to the controlling parties of this company. The interest charged on this loan is 8%.per annum.

During the year the company made sales to companies under common control, amounting to £2,400,000 (2022 £1,977,000)). At the year end the company was owed £732,000 (2022 £1,202,000) by companies under common control.