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REGISTERED NUMBER: 04167789 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Castledines Electrical Limited

Castledines Electrical Limited (Registered number: 04167789)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castledines Electrical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Castledine





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 04167789 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Castledines Electrical Limited (Registered number: 04167789)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,879 29,269
Investment property 5 562,430 562,430
585,309 591,699

CURRENT ASSETS
Debtors 6 2,051 1,901
Cash at bank 2,023 2,038
4,074 3,939
CREDITORS
Amounts falling due within one year 7 13,520 24,025
NET CURRENT LIABILITIES (9,446 ) (20,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,863

571,613

CREDITORS
Amounts falling due after more than one
year

8

(35,000

)

(40,000

)

PROVISIONS FOR LIABILITIES (23,472 ) (24,731 )
NET ASSETS 517,391 506,882

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 165,348 165,348
Retained earnings 351,943 341,434
SHAREHOLDERS' FUNDS 517,391 506,882

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 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.

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 4 November 2024 and were signed by:



M Castledine - Director


Castledines Electrical Limited (Registered number: 04167789)

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

1. STATUTORY INFORMATION

Castledines Electrical 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Land and Buildings - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in 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 the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Castledines Electrical Limited (Registered number: 04167789)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,583 21,150 56,277 82,010
DEPRECIATION
At 1 April 2023 909 19,134 32,698 52,741
Charge for year 92 403 5,895 6,390
At 31 March 2024 1,001 19,537 38,593 59,131
NET BOOK VALUE
At 31 March 2024 3,582 1,613 17,684 22,879
At 31 March 2023 3,674 2,016 23,579 29,269

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 562,430
NET BOOK VALUE
At 31 March 2024 562,430
At 31 March 2023 562,430

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 214,803
Valuation in 2018 (50,000 )
Valuation in 2021 12,430
Cost 385,197
562,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 562 407
Other debtors 1,489 1,494
2,051 1,901

Castledines Electrical Limited (Registered number: 04167789)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,669 4,860
Other creditors 9,851 19,165
13,520 24,025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 35,000 40,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76 A Ordinary 1 76 76
24 B Ordinary 1 24 24
100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 165,348

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Castledine.