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REGISTERED NUMBER: 05776827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CASTLEWOOD PROPERTIES LTD

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CASTLEWOOD PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J Silver





REGISTERED OFFICE: 32 Castlewood Road
London
N16 6DW





REGISTERED NUMBER: 05776827 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 297 349
Investment property 5 1,655,904 1,655,904
1,656,201 1,656,253

CURRENT ASSETS
Debtors 6 34,638 2,906
Cash at bank 7,902 5,920
42,540 8,826
CREDITORS
Amounts falling due within one year 7 (339,833 ) (311,225 )
NET CURRENT LIABILITIES (297,293 ) (302,399 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358,908

1,353,854

CREDITORS
Amounts falling due after more than one
year

8

(624,420

)

(647,034

)
NET ASSETS 734,488 706,820

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 528,506 528,506
Retained earnings 12 205,981 178,313
SHAREHOLDERS' FUNDS 734,488 706,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





J Silver - Director


CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Castlewood Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 4,021
DEPRECIATION
At 1 May 2023 3,672
Charge for year 52
At 30 April 2024 3,724
NET BOOK VALUE
At 30 April 2024 297
At 30 April 2023 349

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,655,904
NET BOOK VALUE
At 30 April 2024 1,655,904
At 30 April 2023 1,655,904

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 528,506
Cost 1,127,398
1,655,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 7,638 2,906
Other debtors 27,000 -
34,638 2,906

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 15,654 17,046
Other creditors 323,759 291,514
Accrued expenses 420 2,665
339,833 311,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 606,250 626,250
Other loans (see note 9) 18,170 20,784
624,420 647,034

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 606,250 626,250

Repayable by instalments
Other loans more 5yrs instal 18,170 20,784

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loan 606,250 626,250

Repayable by instalments
Other loans more 5yrs instal 18,170 20,784

CASTLEWOOD PROPERTIES LTD (REGISTERED NUMBER: 05776827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 606,250 626,250
Other loans 18,170 20,784
624,420 647,034

1. The mortgage is secured by a first charge over the company's investment properties and bear interest at variable rates.

2. Under the bank loan, £18,170 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 178,313 528,506 706,819
Profit for the year 27,668 27,668
At 30 April 2024 205,981 528,506 734,487

13. ULTIMATE CONTROLLING PARTY

The controlling party is J Silver.