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Company No: 13647695 (England and Wales)

A.H. CASTLE KEEP LTD

Unaudited Financial Statements
For the financial period from 01 December 2022 to 30 June 2023
Pages for filing with the registrar

A.H. CASTLE KEEP LTD

Unaudited Financial Statements

For the financial period from 01 December 2022 to 30 June 2023

Contents

A.H. CASTLE KEEP LTD

BALANCE SHEET

As at 30 June 2023
A.H. CASTLE KEEP LTD

BALANCE SHEET (continued)

As at 30 June 2023
Note 30.06.2023 30.11.2022
£ £
Current assets
Stocks 0 1,935,479
Debtors 3 1,705,527 122,998
1,705,527 2,058,477
Creditors: amounts falling due within one year 4 ( 1,700,126) ( 2,069,987)
Net current assets/(liabilities) 5,401 (11,510)
Total assets less current liabilities 5,401 (11,510)
Net assets/(liabilities) 5,401 ( 11,510)
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 5,301 ( 11,610 )
Total shareholders' funds/(deficit) 5,401 ( 11,510)

For the financial period ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of A.H. Castle Keep Ltd (registered number: 13647695) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J Kerry
Director

25 February 2025

A.H. CASTLE KEEP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 30 June 2023
A.H. CASTLE KEEP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A.H. Castle Keep Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bayside Business Centre 1 Sovereign Business Park, 48 Willis Way, Poole, BH15 3TB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company shortened it's year end to align it with the sale of the property. These accounts cover the period from 1 November 2022 to 30 June 2023. As a result the comparative amounts presented in the financial statements, including the related notes, are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
01.12.2022 to
30.06.2023
Year ended
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 3

3. Debtors

30.06.2023 30.11.2022
£ £
Trade debtors 1,215,282 0
Amounts owed by related parties 489,160 122,998
Other debtors 1,085 0
1,705,527 122,998

4. Creditors: amounts falling due within one year

30.06.2023 30.11.2022
£ £
Bank loans (secured) 0 1,256,349
Trade creditors 24,020 0
Taxation and social security 1,948 0
Other creditors 1,674,158 813,638
1,700,126 2,069,987

Providers of the loan had a charge over the freehold property owned by the company. The satisfaction of charges was registered on 20 July 2023.

5. Called-up share capital

30.06.2023 30.11.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100