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REGISTERED NUMBER: 01783537 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CASTLEMEAD LIMITED

CASTLEMEAD LIMITED (REGISTERED NUMBER: 01783537)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CASTLEMEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: J O'Donnell



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



REGISTERED NUMBER: 01783537 (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 LIMITED (REGISTERED NUMBER: 01783537)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 196,590 196,590

CURRENT ASSETS
Debtors 5 168 481,727
Cash at bank 2,421 2,666
2,589 484,393
CREDITORS
Amounts falling due within one year 6 48,273 530,000
NET CURRENT LIABILITIES (45,684 ) (45,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,906

150,983

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 150,806 150,883
SHAREHOLDERS' FUNDS 150,906 150,983

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th October 2024 and were signed by:





J O'Donnell - Director


CASTLEMEAD LIMITED (REGISTERED NUMBER: 01783537)

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

1. STATUTORY INFORMATION

Castlemead 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investments 196,590 196,590

CASTLEMEAD LIMITED (REGISTERED NUMBER: 01783537)

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

4. FIXED ASSET INVESTMENTS - continued

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

Castlemead Group Ltd
Registered office: 17 Wilkinson Business Park,Clywedog Road South, Wrexham,LL13 9AE
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 95.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 2,900,371 2,479,363
Profit for the year 519,865 765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests - 481,727
Deferred tax asset
Tax losses carried forward 168 -
168 481,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 47,253 530,000
Amounts owed to participating interests 1,020 -
48,273 530,000

7. DEFERRED TAX
£   
Movement in the year due to:
changes in tax rates (47 )
changes in tax allowances
changes in tax losses (121 )
Balance at 31st March 2024 (168 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

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

CASTLEMEAD LIMITED (REGISTERED NUMBER: 01783537)

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

10. ULTIMATE CONTROLLING PARTY

Chiswell (Moorgate) Limited, incorporated in England & Wales, is the company's parent company since it owns 100% of the issue share capital.

The registered address of Chiswell (Moorgate) Limited is Send Barns, Send Barns Lane, Send, Woking, Surrey, GU23 7BT.