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REGISTERED NUMBER: 02985505 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CASTLEMEAD GROUP LIMITED

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLEMEAD GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M Harris
J O'Donnell
S Wynne
B Wilkins



REGISTERED OFFICE: Abenbury House
17 Wilkinson Business Park
Clywedog Road South
Wrexham
LL13 9AE



REGISTERED NUMBER: 02985505 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
28, Regent Street
Wrexham
LL11 1SE

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,745 17,480
Investments 5 500 500
71,245 17,980

CURRENT ASSETS
Stocks 6 707,153 642,133
Debtors 7 4,305,825 3,494,907
Cash at bank 1,428,284 326,021
6,441,262 4,463,061
CREDITORS
Amounts falling due within one year 8 3,612,136 1,979,178
NET CURRENT ASSETS 2,829,126 2,483,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,371

2,501,863

CREDITORS
Amounts falling due after more than one
year

9

-

22,500
NET ASSETS 2,900,371 2,479,363

CAPITAL AND RESERVES
Called up share capital 12 23,086 23,086
Share premium 45,975 45,975
Retained earnings 2,831,310 2,410,302
SHAREHOLDERS' FUNDS 2,900,371 2,479,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2024 and were signed on its behalf by:





S Wynne - Director


CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Castlemead Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover 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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 27,392 11,517 29,707 68,616
Additions 3,950 48,295 15,040 67,285
At 31st March 2024 31,342 59,812 44,747 135,901
DEPRECIATION
At 1st April 2023 25,372 7,193 18,571 51,136
Charge for year 708 7,405 5,907 14,020
At 31st March 2024 26,080 14,598 24,478 65,156
NET BOOK VALUE
At 31st March 2024 5,262 45,214 20,269 70,745
At 31st March 2023 2,020 4,324 11,136 17,480

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st April 2023
and 31st March 2024 11,002
PROVISIONS
At 1st April 2023
and 31st March 2024 10,502
NET BOOK VALUE
At 31st March 2024 500
At 31st March 2023 500

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Castlemead Developments Limited
Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves (298 ) 2,910
Loss for the year (3,961 ) (2,867 )

North West Groundworks and Landscaping Limited
Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 38,320 (371,217 )
Loss for the year (293,985 ) (325,024 )

Bruno Developments Limited
Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 51.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves (1,064 ) 947
Loss for the year (2,011 ) (2,742 )

Frazer Holdings Limited
Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves (501,444 ) (501,444 )

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 707,153 642,133

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,323,555 101,726
Other debtors 503,010 297,606
Intercompany debtors 1,466,317 2,238,313
Directors' current accounts - 7,617
VAT 48,553 671
Deferred tax asset 343,494 442,351
Prepayments and accrued income 620,896 406,623
4,305,825 3,494,907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) - 10,000
Trade creditors 1,788,587 974,946
Social security and other taxes 108,632 76,274
Other creditors 246,346 129,007
Intercompany creditors 1,650 487,180
Accruals and deferred income 1,466,921 301,771
3,612,136 1,979,178

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) - 22,500

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 12,500

CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

11. DEFERRED TAX
£   
Balance at 1st April 2023 (442,351 )
Movement in the year due to:
changes in tax rates
changes in tax allowances 10,896
changes in tax losses 87,961
Balance at 31st March 2024 (343,494 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
23,086 Ordinary £1 23,086 23,086

13. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

14. ULTIMATE CONTROLLING PARTY

The controlling party is Castlemead Limited.

The ultimate controlling party is Chiswell (Moorgate) Limited.