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REGISTERED NUMBER: 05561246 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Castlehill Estate Agents Limited

Castlehill Estate Agents Limited (Registered number: 05561246)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castlehill Estate Agents Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: P Lehan
M Lehan





SECRETARY: P Lehan





REGISTERED OFFICE: 21 Otley Road
Headingley
Leeds
West Yorkshire
LS6 3AA





REGISTERED NUMBER: 05561246 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Castlehill Estate Agents Limited (Registered number: 05561246)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 157,781 217,781
Tangible assets 5 114,974 101,483
272,755 319,264

CURRENT ASSETS
Debtors 6 158,025 173,387
Cash at bank and in hand 274,076 283,910
432,101 457,297
CREDITORS
Amounts falling due within one year 7 165,541 170,362
NET CURRENT ASSETS 266,560 286,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,315

606,199

CREDITORS
Amounts falling due after more than one
year

8

(39,044

)

(53,246

)

PROVISIONS FOR LIABILITIES (28,744 ) (19,285 )
NET ASSETS 471,527 533,668

CAPITAL AND RESERVES
Called up share capital 58 58
Capital redemption reserve 42 42
Retained earnings 471,427 533,568
471,527 533,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Castlehill Estate Agents Limited (Registered number: 05561246)

Balance Sheet - continued
28 February 2024


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 15 April 2024 and were signed on its behalf by:





P Lehan - Director


Castlehill Estate Agents Limited (Registered number: 05561246)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Castlehill Estate Agents 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.

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.

Castlehill Estate Agents Limited (Registered number: 05561246)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 1,050,000
AMORTISATION
At 1 March 2023 832,219
Amortisation for year 60,000
At 28 February 2024 892,219
NET BOOK VALUE
At 28 February 2024 157,781
At 28 February 2023 217,781

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 11,669 109,228 27,577 148,474
Additions 6,799 40,271 1,800 48,870
Disposals (11,112 ) - (22,540 ) (33,652 )
At 28 February 2024 7,356 149,499 6,837 163,692
DEPRECIATION
At 1 March 2023 10,993 11,300 24,698 46,991
Charge for year 1,066 32,341 1,853 35,260
Eliminated on disposal (10,993 ) - (22,540 ) (33,533 )
At 28 February 2024 1,066 43,641 4,011 48,718
NET BOOK VALUE
At 28 February 2024 6,290 105,858 2,826 114,974
At 28 February 2023 676 97,928 2,879 101,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,840 15,953
Other debtors 141,185 157,434
158,025 173,387

Castlehill Estate Agents Limited (Registered number: 05561246)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,874 14,874
Trade creditors 7,445 9,452
Taxation and social security 85,940 89,732
Other creditors 57,282 56,304
165,541 170,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 39,044 53,246