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REGISTERED NUMBER: 05296978 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CASTLE SQUARE (BRIGHTON) LTD

CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CASTLE SQUARE (BRIGHTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: N A J Ellis
J D M Ellis
A N Ellis





REGISTERED OFFICE: Old Library House
4 Dean Park Crescent
Bournemouth
Dorset
BH1 1LY





REGISTERED NUMBER: 05296978 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 392,822 392,822
Investment property 5 2,165,000 2,165,000
2,557,822 2,557,822

CURRENT ASSETS
Debtors 6 473,264 446,521
Cash at bank - 51
473,264 446,572
CREDITORS
Amounts falling due within one year 7 642,517 642,371
NET CURRENT LIABILITIES (169,253 ) (195,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,388,569

2,362,023

CREDITORS
Amounts falling due after more than one
year

8

(1,314,797

)

(1,318,983

)

PROVISIONS FOR LIABILITIES (266,871 ) (266,871 )
NET ASSETS 806,901 776,169

CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,251 2,251
Other reserves 920,663 920,663
Retained earnings (116,013 ) (146,745 )
806,901 776,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 29 November 2024 and were signed on its behalf by:





A N Ellis - Director


CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Castle Square (Brighton) Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Castle Square (Brighton) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.

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.


CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 382,822 10,000 392,822
NET BOOK VALUE
At 30 November 2023 382,822 10,000 392,822
At 30 November 2022 382,822 10,000 392,822

Details of the company's subsidiaries are as follows:


Colehill Limited - 100% Direct
Ellis and Partners (Brighton) Ltd - 66% Direct

CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 2,165,000
NET BOOK VALUE
At 30 November 2023 2,165,000
At 30 November 2022 2,165,000

Appraisals of investment properties were made on the 30th November 2023 by the directors. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.

Cost or valuation at 30 November 2023 is represented by:
£   
Valuation in 2009 62,062
Valuation in 2013 23,033
Valuation in 2014 82,076
Valuation in 2018 326,217
Valuation in 2020 669,146
Valuation in 2021 25,000
Cost 977,466
2,165,000

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 36,977 37,682
Other debtors 396,333 368,885
433,310 406,567

Amounts falling due after more than one year:
Other debtors 39,954 39,954

Aggregate amounts 473,264 446,521

CASTLE SQUARE (BRIGHTON) LTD (REGISTERED NUMBER: 05296978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,209 4,178
Trade creditors 5,899 5,899
Taxation and social security 53,180 53,180
Other creditors 579,229 579,114
642,517 642,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 1,314,797 1,318,983

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,067,734 1,067,757

Included within creditors due after more than one year are bank loans which are secured by fixed and floating charges over all assets.

9. RELATED PARTY DISCLOSURES

At the year end the company owed £413,334 (2022 £408,334) to entities in which the directors have an interest.

At the year end the company was owed £371,461 (2022 £350,161) by entities in which the directors have an interest.

At the year-end the company owed £148,755 (2022: 141,155) to the directors of the company.

These amounts were interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CASTLE SQUARE (BRIGHTON) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castle Square (Brighton) Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Castle Square (Brighton) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Square (Brighton) Ltd and state those matters that we have agreed to state to the Board of Directors of Castle Square (Brighton) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castle Square (Brighton) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Castle Square (Brighton) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle Square (Brighton) Ltd. You consider that Castle Square (Brighton) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castle Square (Brighton) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


29 November 2024