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REGISTERED NUMBER: 04360723 (England and Wales)















Financial Statements for the Year Ended 31st October 2024

for

CASTLEACRE SYSTEMS LIMITED

CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLEACRE SYSTEMS LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mr K G Wenman
Mr J Wenman
Ms N Eades



SECRETARY: Mr K G Wenman



REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



REGISTERED NUMBER: 04360723 (England and Wales)



ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



BANKERS: HSBC plc
55 Above Bar Street
Southampton
Hampshire
SO14 7DZ

CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,446,000 1,446,000
Investment property 5 - 740,000
1,446,000 2,186,000

CURRENT ASSETS
Debtors 6 - 3
Cash at bank 60,531 8,510
60,531 8,513
CREDITORS
Amounts falling due within one year 7 485,422 481,469
NET CURRENT LIABILITIES (424,891 ) (472,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,021,109

1,713,044

CREDITORS
Amounts falling due after more than one
year

8

-

(93,434

)

PROVISIONS FOR LIABILITIES - (13,670 )
NET ASSETS 1,021,109 1,605,940

CAPITAL AND RESERVES
Called up share capital 9 51 51
Capital redemption reserve 10 50 50
Fair value reserve 10 - 58,276
Retained earnings 10 1,021,008 1,547,563
SHAREHOLDERS' FUNDS 1,021,109 1,605,940

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

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

CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)

Balance Sheet - continued
31st October 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 January 2025 and were signed on its behalf by:




Mr K G Wenman - Director



Mr J Wenman - Director


CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Castleacre Systems 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. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

Investments
Fixed asset investments are stated at cost unless, in the opinion of the directors, there has been an impairment, in which case an appropriate adjustment is made.

3. EMPLOYEES AND DIRECTORS

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

CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 1,446,000
NET BOOK VALUE
At 31st October 2024 1,446,000
At 31st October 2023 1,446,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 740,000
Disposals (740,000 )
At 31st October 2024 -
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 740,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 3

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 33,976
Trade creditors 12,476 -
Amounts owed to group undertakings 432,834 434,668
Taxation and social security 38,016 5,699
Other creditors 2,096 7,126
485,422 481,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 93,434

CASTLEACRE SYSTEMS LIMITED (REGISTERED NUMBER: 04360723)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary B 50p 3 3

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
95 Ordinary A Shares 50p 48 48

10. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1st November 2023 1,547,563 50 58,276 1,605,889
Profit for the year 4,445 4,445
Dividends (531,000 ) (531,000 )
Property revaluation - - (58,276 ) (58,276 )
At 31st October 2024 1,021,008 50 - 1,021,058

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
Mr K G Wenman
Balance outstanding at start of year 97 97
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97 97

12. RELATED PARTY DISCLOSURES

At 31st October 2024 the company owed £432,834 (2023: £434,668) to Protek Systems Limited, its subsidiary undertaking.

This loan is interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Wenman.