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REGISTERED NUMBER: 04735389 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

30 OCTOBER 2022 TO 31 OCTOBER 2023

FOR

CASTAWAYS LIMITED

CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2022 TO 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTAWAYS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 OCTOBER 2022 TO 31 OCTOBER 2023







DIRECTOR: Mr J T Strickland-Skailes





REGISTERED OFFICE: Castaways Wine Bar
Mylor Yacht Harbour
FALMOUTH
Cornwall
TR11 5UF





REGISTERED NUMBER: 04735389 (England and Wales)





ACCOUNTANTS: TC Group
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,511 35,067
31,511 35,067

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 6 233,767 217,380
Cash at bank and in hand 154,370 200,360
400,637 430,240
CREDITORS
Amounts falling due within one year 7 (100,863 ) (77,345 )
NET CURRENT ASSETS 299,774 352,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,285

387,962

CREDITORS
Amounts falling due after more than one
year

8

(16,518

)

(34,932

)
NET ASSETS 314,767 353,030

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 314,567 352,830
314,767 353,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 30 October 2024 and were signed by:





Mr J T Strickland-Skailes - Director


CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2022 TO 31 OCTOBER 2023

1. STATUTORY INFORMATION

Castaways 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.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2022 TO 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 October 2022
and 31 October 2023 20,000
AMORTISATION
At 30 October 2022
and 31 October 2023 20,000
NET BOOK VALUE
At 31 October 2023 -
At 29 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 October 2022 229,259
Additions 3,566
At 31 October 2023 232,825
DEPRECIATION
At 30 October 2022 194,192
Charge for period 7,122
At 31 October 2023 201,314
NET BOOK VALUE
At 31 October 2023 31,511
At 29 October 2022 35,067

CASTAWAYS LIMITED (REGISTERED NUMBER: 04735389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2022 TO 31 OCTOBER 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 18,171 56,784

Amounts falling due after more than one year:
Other debtors 215,596 160,596

Aggregate amounts 233,767 217,380

Other Debtors relates to monies owed from companies in which Castaways Limited holds at least 50% of the shareholding, and Mr Toby Strickland-Skailes is also a director.

Marine Bar Limited: £215,596.00 (2022: £160,596)


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,496 25,297
Trade creditors 26,789 28,096
Taxation and social security 51,202 18,502
Other creditors 5,376 5,450
100,863 77,345

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,518 34,932