2023-05-012024-04-302024-04-30false08504630CASTLET HOLDINGS 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CASTLET HOLDINGS LIMITED

Registered Number
08504630
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

CASTLET HOLDINGS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Mrs W J Clinton
Mr I Melton

Registered Address

14 Crofton Drive
Allenby Road Industrial Estate
Lincoln
LN3 4NR

Registered Number

08504630 (England and Wales)
CASTLET HOLDINGS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments32,750,0003,250,000
2,750,0003,250,000
Current assets
Debtors4150,000-
Cash at bank and on hand10010,967
150,10010,967
Creditors amounts falling due within one year5(246,409)(266,570)
Net current assets (liabilities)(96,309)(255,603)
Total assets less current liabilities2,653,6912,994,397
Creditors amounts falling due after one year6-(225,000)
Net assets2,653,6912,769,397
Capital and reserves
Called up share capital52,50673,200
Other reserves20,694-
Profit and loss account2,580,4912,696,197
Shareholders' funds2,653,6912,769,397
The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2024, and are signed on its behalf by:
Mr I Melton
Director
Mrs W J Clinton
Director

Registered Company No. 08504630
CASTLET HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Dividend income
Dividend income is recognised when the right to receive payment is established.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Business combinations Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year44
3.Fixed asset investments
Details of investment (including principle place of business of unincorporated entities) in which the company holds 20% or more of the normal value of any class of share capital are as follows: Castlet Limited - 100% voting rights and shares held in both 2024 and 2023, principle activity is that of manufacture of electrical equipment. Castlet Technologies Limited - 100% voting rights and shares held in both 2024 and 2023, principle activity is that of software development. The registered office for all of the above is 14 Crofton Drive, Lincoln, England, LN3 4NR.

Investments in groups1

Total

££
Cost or valuation
At 01 May 233,250,0003,250,000
Disposals(500,000)(500,000)
At 30 April 242,750,0002,750,000
Net book value
At 30 April 242,750,0002,750,000
At 30 April 233,250,0003,250,000

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Other debtors150,000-
Total150,000-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,6401,290
Amounts owed to related parties240,880164,404
Other creditors1,889100,876
Total246,409266,570
6.Creditors: amounts due after one year

2024

2023

££
Other creditors-225,000
Total-225,000