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REGISTERED NUMBER: 08973797 (England and Wales)















Castle Business Units Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Castle Business Units Limited (Registered number: 08973797)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Castle Business Units Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R Anderson



REGISTERED OFFICE: Castle Nursery Creech
Heathfield
TAUNTON
Somerset
TA3 5EH



REGISTERED NUMBER: 08973797 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
16 High Street
Bridgwater
Somerset
TA6 3DX

Castle Business Units Limited (Registered number: 08973797)

Abridged Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 165,830 169,818

CURRENT ASSETS
Debtors 669 1,575
Cash at bank - 4,431
669 6,006
CREDITORS
Amounts falling due within one year 184,509 183,458
NET CURRENT LIABILITIES (183,840 ) (177,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,010

)

(7,634

)

CREDITORS
Amounts falling due after more than one
year

(2,185

)

(3,325

)

PROVISIONS FOR LIABILITIES 8 (26 ) (52 )
NET LIABILITIES (20,221 ) (11,011 )

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings (20,341 ) (11,131 )
SHAREHOLDERS' FUNDS (20,221 ) (11,011 )

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.

Castle Business Units Limited (Registered number: 08973797)

Abridged 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2025 and were signed by:





R Anderson - Director


Castle Business Units Limited (Registered number: 08973797)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Castle Business Units 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Castle Business Units Limited (Registered number: 08973797)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 201,766
DEPRECIATION
At 1 May 2023 31,948
Charge for year 3,988
At 30 April 2024 35,936
NET BOOK VALUE
At 30 April 2024 165,830
At 30 April 2023 169,818

6. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,140 1,140

Amounts falling due between one and two years:
Bank loans 1,140 1,140

Amounts falling due between two and five years:
Bank loans 1,045 2,185

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 3,325 4,465

Included in the secured debts is a government secured bounce back loan.

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 26 52

Castle Business Units Limited (Registered number: 08973797)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 52
Credit to Income Statement during year (26 )
Balance at 30 April 2024 26

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
80 'A' Ordinary £1 80 80
40 'B' Ordinary £1 40 40
120 120

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Anderson.