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REGISTERED NUMBER: 07599820 (England and Wales)















CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024






CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr N Cowley
Mr A P Cowley



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 07599820 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Santander UK Plc
2 Triton Square
Regent's Place
London
NW1 3AN

CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50,015 15

CURRENT ASSETS
Stocks 3,149,462 3,061,003
Debtors 5 2,867,736 2,568,612
Cash at bank 160,477 111,886
6,177,675 5,741,501
CREDITORS
Amounts falling due within one year 6 3,052,812 2,582,710
NET CURRENT ASSETS 3,124,863 3,158,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,174,878

3,158,806

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,174,778 3,158,706
SHAREHOLDERS' FUNDS 3,174,878 3,158,806

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 29th January 2025 and were signed on its behalf by:





Mr N Cowley - Director


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Castlewood (Commercial) Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number 07599820

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- The directors review work in progress in regards to the stage of completion, in order to assess the point in which turnover is recognised.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.


CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st January 2024 15
Additions 50,000
At 31st December 2024 50,015
NET BOOK VALUE
At 31st December 2024 50,015
At 31st December 2023 15

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,627 197,437
Amounts owed by participating interests 28,300 28,300
Amounts owed by associates 2,625,955 2,274,376
Other debtors 22,854 68,499
2,867,736 2,568,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,233 3,646
Amounts owed to participating interests 428,204 145,005
Taxation and social security 371,996 304,034
Other creditors 2,248,379 2,130,025
3,052,812 2,582,710

CASTLEWOOD (COMMERCIAL) PROPERTIES
LIMITED (REGISTERED NUMBER: 07599820)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 2,211,725 2,112,375

The above balance relates to two separate loans which are both secured by way of a legal charge over a proportion of land to the north side of Kingsdown Road, Stratton St Margaret, Swindon by way of legal mortgage with full guarantee.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr N Cowley
Balance outstanding at start of year 50,000 -
Amounts advanced 4,087 50,000
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,087 50,000