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
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
Castle Combe Properties Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
152,447
154,809
Cash at bank and in hand
3,170
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)
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
Castle Combe Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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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
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
At 31 May 2024
145,362
488
6,597
152,447
At 31 May 2023
145,362
652
8,795
154,809
Castle Combe Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
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
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).
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Average number of employees
During the year the average number of employees was 0 (2023: 0).