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REGISTERED NUMBER: 11769602 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CASTLEBROOKE HS2 DEVELOPMENTS LTD

CASTLEBROOKE HS2 DEVELOPMENTS LTD (REGISTERED NUMBER: 11769602)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CASTLEBROOKE HS2 DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N Young
Mrs L S Young





SECRETARY:





REGISTERED OFFICE: 35 Wilkinson Street
Sheffield
S10 2GB





REGISTERED NUMBER: 11769602 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

CASTLEBROOKE HS2 DEVELOPMENTS LTD (REGISTERED NUMBER: 11769602)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 553,058 144,448

CURRENT ASSETS
Debtors 6 69,590 20,389
Cash at bank 28,693 44,400
98,283 64,789
CREDITORS
Amounts falling due within one year 7 666,156 211,812
NET CURRENT LIABILITIES (567,873 ) (147,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,815

)

(2,575

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,915 ) (2,675 )
SHAREHOLDERS' FUNDS (14,815 ) (2,575 )

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

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

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 17 January 2025 and were signed on its behalf by:





N Young - Director


CASTLEBROOKE HS2 DEVELOPMENTS LTD (REGISTERED NUMBER: 11769602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Castlebrooke HS2 Developments 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 (£).


These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

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.

Investment property
Investment properties are those properties owned by the company that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost, including related site assessment, preparation and transaction costs .

When the construction phase has been completed, the investment properties are revalued and carried at fair value.

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 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.

4. EMPLOYEES AND DIRECTORS

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

CASTLEBROOKE HS2 DEVELOPMENTS LTD (REGISTERED NUMBER: 11769602)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 144,448
Additions 408,610
At 31 January 2024 553,058
NET BOOK VALUE
At 31 January 2024 553,058
At 31 January 2023 144,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 69,590 20,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 25
Trade creditors 156,688 89,819
Other creditors 509,468 121,968
666,156 211,812

The company has received reassurances from the entities that have provided loans that they will not request full or part repayment of their loans if this would prejudice the working capital requirements of the company.

8. RELATED PARTY DISCLOSURES

During the year, other entities which are either under the control of Mr Young or an entity which is indirectly under the control of certain of the company's shareholders have provided the company with interest free loans.

At the year end, the amount owed to these other entities is £503,467 (2023: £119,468)

The company has also provided an interest free loan of £8,000 to an entity controlled by Mr Young.