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REGISTERED NUMBER: 09040509 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Castle Snooker Ltd

Castle Snooker Ltd (Registered number: 09040509)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castle Snooker Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D Kelly





REGISTERED OFFICE: 22-23 Castle Street
Brighton
East Sussex
BN1 2HD





REGISTERED NUMBER: 09040509 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Castle Snooker Ltd (Registered number: 09040509)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,845 198,631

CURRENT ASSETS
Stocks 8,358 10,301
Debtors 5 13,491 3,316
Cash at bank and in hand 158,764 240,184
180,613 253,801
CREDITORS
Amounts falling due within one year 6 218,102 311,524
NET CURRENT LIABILITIES (37,489 ) (57,723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,356

140,908

CREDITORS
Amounts falling due after more than one
year

7

(2,651

)

(7,526

)

PROVISIONS FOR LIABILITIES (44,211 ) (49,658 )
NET ASSETS 92,494 83,724

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,394 83,624
SHAREHOLDERS' FUNDS 92,494 83,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Castle Snooker Ltd (Registered number: 09040509)

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

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





D Kelly - Director


Castle Snooker Ltd (Registered number: 09040509)

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

1. STATUTORY INFORMATION

Castle Snooker Ltd 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.

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.
Office equipment - 15% on reducing balance
Leasehold property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Castle Snooker Ltd (Registered number: 09040509)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office Leasehold and
equipment property fittings
£    £    £   
COST
At 1 November 2023 1,177 144,892 159,327
Additions - - 6,400
At 31 October 2024 1,177 144,892 165,727
DEPRECIATION
At 1 November 2023 581 61,761 90,893
Charge for year 89 12,470 10,560
At 31 October 2024 670 74,231 101,453
NET BOOK VALUE
At 31 October 2024 507 70,661 64,274
At 31 October 2023 596 83,131 68,434

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 58,965 5,686 370,047
Additions - 2,205 8,605
At 31 October 2024 58,965 7,891 378,652
DEPRECIATION
At 1 November 2023 16,363 1,818 171,416
Charge for year 6,390 882 30,391
At 31 October 2024 22,753 2,700 201,807
NET BOOK VALUE
At 31 October 2024 36,212 5,191 176,845
At 31 October 2023 42,602 3,868 198,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 13,491 3,316

Castle Snooker Ltd (Registered number: 09040509)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,266 5,391
Trade creditors 24,899 31,499
Taxation and social security 49,622 48,524
Other creditors 138,315 226,110
218,102 311,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 2,651 7,526

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.