Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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JG Whateley | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going concern | ||||||||
At the time of approving the financial statements, the directors have a reasonable expectation that on the basis of the company's own cash flows and financing arrangements, the company has adequate resources to continue in operational existence for the forseeable future. The directors continue to adopt the going concern basis of accounting in preparing the financial statements. | ||||||||
Financial instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Investments in | ||||||||
subsidiary | Other | |||||||
undertakings | investments | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Disposals | - | ( |
(203,286) | |||||
At 31 December 2023 | - | |||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Other loans | ||||||||
Trade creditors | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ||||||||
Other creditors | ||||||||
6 | Related party transactions | |||||||
Cedar Investments Portfolio Limited | ||||||||
Common director | ||||||||
Interest bearing loan | ||||||||
Amount due from (to) the related party | (5,157,733) | (4,956,480) | ||||||
Deeble Ventures Two Limited | ||||||||
Common director | ||||||||
Interest bearing loan | ||||||||
Amount due from (to) the related party | - | 1,479,415 | ||||||
Cedar Invest Limited | ||||||||
Common director | ||||||||
Interest free loan | ||||||||
Amount due from (to) the related party | 798,888 | 231,477 | ||||||
Deeble Ventures One Limited | ||||||||
Common director | ||||||||
Interest bearing loan | ||||||||
Amount due from (to) the related party | 672,860 | 810,404 | ||||||
GJL Developers (Lichfield) Limited | ||||||||
Common director | ||||||||
Interest bearing loan | ||||||||
Amount due from (to) the related party | 224,110 | 219,110 | ||||||
GJL Developers Limited | ||||||||
Common director | ||||||||
Interest bearing loan | ||||||||
Amount due from (to) the related party | 1,217,888 | - | ||||||
7 | Controlling party | |||||||
8 | Other information | |||||||
Castlemore Group Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Cedar Court | ||||||||
221 Hagley Road | ||||||||
Hayley Green | ||||||||
West Midlands | ||||||||
B63 1ED |