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REGISTERED NUMBER: 12821075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Castles Estate Agents Hampshire Ltd

Castles Estate Agents Hampshire Ltd (Registered number: 12821075)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,513 38,142

CURRENT ASSETS
Debtors 5 89,718 30,274
Cash at bank 51,793 105,350
141,511 135,624
CREDITORS
Amounts falling due within one year 6 141,415 164,063
NET CURRENT ASSETS/(LIABILITIES) 96 (28,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,609

9,703

PROVISIONS FOR LIABILITIES 5,798 7,247
NET ASSETS 24,811 2,456

CAPITAL AND RESERVES
Called up share capital 145 145
Retained earnings 24,666 2,311
24,811 2,456

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

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

Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




G G Agar - Director C R Tuson - Director




S A Wren - Director


Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Castles Estate Agents Hampshire Ltd 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: 12821075

Registered office: 1 Castle Street
Portchester
Fareham
PO16 9QD

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.


Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 64,213 4,343 68,556
DEPRECIATION
At 1 September 2023 28,765 1,649 30,414
Charge for year 7,090 539 7,629
At 31 August 2024 35,855 2,188 38,043
NET BOOK VALUE
At 31 August 2024 28,358 2,155 30,513
At 31 August 2023 35,448 2,694 38,142

Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,080 13,234
Other debtors 85,638 17,040
89,718 30,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 4,575
Trade creditors 4,239 5,412
Taxation and social security 35,925 38,751
Other creditors 101,251 115,325
141,415 164,063

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G G Agar
Balance outstanding at start of year 3,832 687
Amounts advanced 50,893 52,119
Amounts repaid (18,564 ) (48,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,161 3,832

C R Tuson
Balance outstanding at start of year 1,553 (2,286 )
Amounts advanced 50,067 52,713
Amounts repaid (18,570 ) (48,874 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,050 1,553

Castles Estate Agents Hampshire Ltd (Registered number: 12821075)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S A Wren
Balance outstanding at start of year - -
Amounts advanced 25,593 -
Amounts repaid (13,667 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,926 -

Included within other debtors are amounts due from the Directors as detailed above. These loans are undated, unsecured and repayable on demand.