Castel Re Ltd 11174949 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true true 11174949 2023-02-01 2024-01-31 11174949 2024-01-31 11174949 core:RetainedEarningsAccumulatedLosses 2024-01-31 11174949 core:ShareCapital 2024-01-31 11174949 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11174949 core:LandBuildings 2024-01-31 11174949 bus:SmallEntities 2023-02-01 2024-01-31 11174949 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11174949 bus:AbridgedAccounts 2023-02-01 2024-01-31 11174949 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11174949 bus:RegisteredOffice 2023-02-01 2024-01-31 11174949 bus:CompanySecretary1 2023-02-01 2024-01-31 11174949 bus:Director3 2023-02-01 2024-01-31 11174949 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11174949 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 11174949 core:ShareCapital 2023-02-01 2024-01-31 11174949 countries:AllCountries 2023-02-01 2024-01-31 11174949 2023-01-31 11174949 core:RetainedEarningsAccumulatedLosses 2023-01-31 11174949 core:ShareCapital 2023-01-31 11174949 core:LandBuildings 2023-01-31 11174949 2022-02-01 2023-01-31 11174949 2023-01-31 11174949 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11174949 core:LandBuildings 2023-01-31 11174949 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 11174949 core:ShareCapital 2022-02-01 2023-01-31 11174949 2022-01-31 11174949 core:RetainedEarningsAccumulatedLosses 2022-01-31 11174949 core:ShareCapital 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 11174949

Castel Re Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Castel Re Ltd

Contents

Company Information

1

Director's Report

2

Abridged Statement of Financial Position

3

Statement of Changes in Equity

4

Notes to the Unaudited Abridged Financial Statements

5 to 6

 

Castel Re Ltd

Company Information

Director

Eleorona Luciani

Company secretary

Lincoln Secretaries Limited

Registered office

12 Bridewell Place
3rd Floor East
London
EC4V6AP

 

Castel Re Ltd

Director's Report for the Year Ended 31 January 2024

The director presents her report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Eleorona Luciani

Principal activity

The principal activity of the company is that of development of building projects.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 November 2024
 

.........................................
Lincoln Secretaries Limited
Company secretary

 

Castel Re Ltd

(Registration number: 11174949)
Abridged Statement of Financial Position as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,352,750

3,352,750

Prepayments and accrued income

 

320

-

Creditors: Amounts falling due within one year

(14,036)

(15,052)

Net current liabilities

 

(13,716)

(15,052)

Net assets

 

3,339,034

3,337,698

Capital and reserves

 

Called up share capital

3,352,750

3,352,750

Retained earnings

(13,716)

(15,052)

Shareholders' funds

 

3,339,034

3,337,698

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 November 2024
 

.........................................
Eleorona Luciani
Director

 

Castel Re Ltd

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

3,352,750

(15,052)

3,337,698

Profit for the year

-

1,336

1,336

At 31 January 2024

3,352,750

(13,716)

3,339,034

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

3,352,750

(13,252)

3,339,498

Loss for the year

-

(1,800)

(1,800)

At 31 January 2023

3,352,750

(15,052)

3,337,698

 

Castel Re Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
12 Bridewell Place
3rd Floor East
London
EC4V6AP

These financial statements were authorised for issue by the director on 18 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis,Subject to the continuing support of the
shareholder

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Castel Re Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

3,352,750

3,352,750

At 31 January 2024

3,352,750

3,352,750

Depreciation

Carrying amount

At 31 January 2024

3,352,750

3,352,750

At 31 January 2023

3,352,750

3,352,750

Included within the net book value of land and buildings above is £3,352,750 (2023 - £3,352,750) in respect of freehold land and buildings.