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REGISTERED NUMBER: 01880315 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Keptcastle Limited

Keptcastle Limited (Registered number: 01880315)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keptcastle Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J M Firth
Mr D J Firth





SECRETARY: Mr D J Firth





REGISTERED OFFICE: 15 Regent Street
Barnsley
South Yorkshire
S70 2EG





REGISTERED NUMBER: 01880315 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Keptcastle Limited (Registered number: 01880315)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,716 5,227
Investments 6 1 1
Investment property 7 37,500 37,500
42,217 42,728

CURRENT ASSETS
Stocks 652,227 1,537,454
Debtors 8 5,626 8,813
Cash at bank 211,298 392,575
869,151 1,938,842
CREDITORS
Amounts falling due within one year 9 48,611 1,135,184
NET CURRENT ASSETS 820,540 803,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,757

846,386

PROVISIONS FOR LIABILITIES 522 570
NET ASSETS 862,235 845,816

CAPITAL AND RESERVES
Called up share capital 10 50 50
Share premium 50 50
Retained earnings 862,135 845,716
SHAREHOLDERS' FUNDS 862,235 845,816

Keptcastle Limited (Registered number: 01880315)

Balance Sheet - continued
31 March 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





Mr D J Firth - Director


Keptcastle Limited (Registered number: 01880315)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Keptcastle 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Keptcastle Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company has chosen not to prepare consolidated financial statements under Section 398 of the Companies Act 2006.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities. Turnover is recognised on the completion of a sale of property.

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 - 15% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Keptcastle Limited (Registered number: 01880315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 31,757
Additions 316
At 31 March 2024 32,073
DEPRECIATION
At 1 April 2023 26,530
Charge for year 827
At 31 March 2024 27,357
NET BOOK VALUE
At 31 March 2024 4,716
At 31 March 2023 5,227

Keptcastle Limited (Registered number: 01880315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 37,500
NET BOOK VALUE
At 31 March 2024 37,500
At 31 March 2023 37,500

The investment property is included in the accounts at fair value using a yield methodology.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,626 8,813

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 757 3,218
Amounts owed to group undertakings 38,283 338,681
Taxation and social security 4,876 2,438
Other creditors 4,695 790,847
48,611 1,135,184

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50

11. RELATED PARTY DISCLOSURES

Included within Creditors is £38,283 owed to the company's subsidiary (2023: £338,681).

Included within Other creditors is £nil owed to some of the company's directors (2023: £784,402).