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Company Registration No. 12603937 (England and Wales)
Castle Combe Properties Ltd Unaudited accounts for the year ended 31 May 2024
Castle Combe Properties Ltd Unaudited accounts Contents
Page
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Castle Combe Properties Ltd Company Information for the year ended 31 May 2024
Directors
Elaine Margaret Harris David Simon Sharpe
Company Number
12603937 (England and Wales)
Registered Office
2 Lower Brook Street Ulverston LA12 7EE England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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Castle Combe Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
152,447 
154,809 
Current assets
Debtors
159 
- 
Cash at bank and in hand
3,170 
841 
3,329 
841 
Creditors: amounts falling due within one year
(514)
- 
Net current assets
2,815 
841 
Total assets less current liabilities
155,262 
155,650 
Creditors: amounts falling due after more than one year
(146,587)
(149,321)
Net assets
8,675 
6,329 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,575 
6,229 
Shareholders' funds
8,675 
6,329 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Elaine Margaret Harris Director Company Registration No. 12603937
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Castle Combe Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Castle Combe Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12603937. The registered office is 2 Lower Brook Street, Ulverston, LA12 7EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
145,362 
1,160 
13,696 
160,218 
At 31 May 2024
145,362 
1,160 
13,696 
160,218 
Depreciation
At 1 June 2023
- 
508 
4,901 
5,409 
Charge for the year
- 
164 
2,198 
2,362 
At 31 May 2024
- 
672 
7,099 
7,771 
Net book value
At 31 May 2024
145,362 
488 
6,597 
152,447 
At 31 May 2023
145,362 
652 
8,795 
154,809 
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Castle Combe Properties Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
159 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
514 
- 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
69,517 
70,751 
Loans from directors
77,070 
78,570 
146,587 
149,321 
8
Transactions with related parties
There is a balance outstanding to Mrs E Harris (director) of £77,070 (2023: £78,570). There is also a balance owing to WG Ross & Co Ltd a company owed by director Mr D Sharpe of £69,517 (2023: £70,751).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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