Registered number
04814098
Castle Investments (Sussex) Limited
Filleted Accounts
30 June 2024
Castle Investments (Sussex) Limited
Registered number: 04814098
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 3,380
Current assets
Stocks and work-in-progress 427,436 38,800
Debtors 5 8,616 -
Cash at bank and in hand 3,272 68
439,324 38,868
Creditors: amounts falling due within one year 6 (501,679) (184,520)
Net current liabilities (62,355) (145,652)
Net liabilities (62,355) (142,272)
Capital and reserves
Called up share capital 1 1
Profit and loss account (62,356) (142,273)
Shareholder's funds (62,355) (142,272)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M O Edmonds
Director
Approved by the board on 5 February 2025
Castle Investments (Sussex) Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
In the case of long-term developments, turnover represents the estimated contract revenues on work carried out during the year. Contract revenues are computed on the percentage of completion method, profits being determined after making reserves against all anticipated costs and claims.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles 25% on reducing balance
Computer equipment 33% on cost
Stocks and work-in-rogress
Work-in-progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank and other borrowings and investments in non puttable equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest.

Equity instruments are accounted for at transaction price unless they can be accounted for at fair value based on a readily available transaction price. Alternatively, equity instruments are subsequently accounted for at cost less impairment where no fair value can be reasonably obtained.
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.
3 Employees and directors 2024 2023
Number Number
Average number of directors and employees 2 4
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 2,557 8,946 11,503
Disposals - (3,380) (3,380)
At 30 June 2024 2,557 5,566 8,123
Depreciation
At 1 July 2023 2,557 5,566 8,123
At 30 June 2024 2,557 5,566 8,123
Net book value
At 30 June 2024 - - -
At 30 June 2023 - 3,380 3,380
5 Debtors 2024 2023
£ £
Trade debtors 7,270 -
Other debtors 1,346 -
8,616 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 254,625 -
Taxation and social security costs 151 -
Other creditors 246,903 184,520
501,679 184,520
7 Other information
Castle Investments (Sussex) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 2, Bentley
8 Egham Hill
Egham
TW20 0BD
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