IRIS Accounts Production v24.3.2.46 06898329 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068983292023-05-31068983292024-05-31068983292023-06-012024-05-31068983292022-05-31068983292022-06-012023-05-31068983292023-05-3106898329ns15:EnglandWales2023-06-012024-05-3106898329ns14:PoundSterling2023-06-012024-05-3106898329ns10:Director12023-06-012024-05-3106898329ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106898329ns10:SmallEntities2023-06-012024-05-3106898329ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106898329ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106898329ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106898329ns10:FullAccounts2023-06-012024-05-3106898329ns10:Director22023-06-012024-05-3106898329ns10:Director42023-06-012024-05-3106898329ns10:Director52023-06-012024-05-3106898329ns10:RegisteredOffice2023-06-012024-05-3106898329ns5:CurrentFinancialInstruments2024-05-3106898329ns5:CurrentFinancialInstruments2023-05-3106898329ns5:ShareCapital2024-05-3106898329ns5:ShareCapital2023-05-3106898329ns5:RetainedEarningsAccumulatedLosses2024-05-3106898329ns5:RetainedEarningsAccumulatedLosses2023-05-3106898329ns5:PlantMachinery2023-05-3106898329ns5:PlantMachinery2023-06-012024-05-3106898329ns5:PlantMachinery2024-05-3106898329ns5:PlantMachinery2023-05-3106898329ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106898329ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3106898329ns5:WithinOneYear2024-05-3106898329ns5:WithinOneYear2023-05-3106898329ns5:BetweenOneFiveYears2024-05-3106898329ns5:BetweenOneFiveYears2023-05-3106898329ns5:AllPeriods2024-05-3106898329ns5:AllPeriods2023-05-31
REGISTERED NUMBER: 06898329 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Castleplus Limited

Castleplus Limited (Registered number: 06898329)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castleplus Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: R A Bloom
G R Stanton
K S Bruzas
J Simmons





REGISTERED OFFICE: 34-35 Clarges Street
Mayfair
London
W1J 7EJ





REGISTERED NUMBER: 06898329 (England and Wales)





ACCOUNTANTS: Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ

Castleplus Limited (Registered number: 06898329)

Balance Sheet
31st May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,608 13,795

CURRENT ASSETS
Debtors 5 329,413 237,876
Prepayments and accrued income 68,767 119,768
Cash at bank 162,849 345,419
561,029 703,063
CREDITORS
Amounts falling due within one year 6 331,374 328,432
NET CURRENT ASSETS 229,655 374,631
TOTAL ASSETS LESS CURRENT LIABILITIES 243,263 388,426

PROVISIONS FOR LIABILITIES (50,000 ) (90,000 )

ACCRUALS AND DEFERRED INCOME (175,013 ) (190,301 )
NET ASSETS 18,250 108,125

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,248 108,123
18,250 108,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th February 2025 and were signed on its behalf by:





R A Bloom - Director


Castleplus Limited (Registered number: 06898329)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Castleplus Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
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.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Revenue from a contract to provide services in recognised in the period in which the services are provided in accordance with the stage of completion of he contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its useful economic life:

Computer equipment - 33.33%
Fixtures and fittings - 33.33%

Castleplus Limited (Registered number: 06898329)

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

2. ACCOUNTING POLICIES - continued

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

Basic financial instruments are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the debt instrument is measured at present value of the future payment discounted at a market rate of interest for a similar debt instrument. A financing transaction is one in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, financial instruments are measured at amortised cost using the effective interest method.

Financial instruments are assessed at the end of each reporting period for objective evidence of impairment. An impairment loss is recognised in the profit and loss immediately there is objective evidence of impairment.

In subsequent periods, where there is a decrease in the impairment loss, arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is recognised in profit and loss.

A financial asset is derecognised when
- the contractual rights to the cash flows from the financial assets expire
- the company transfers the risks and rewards of ownership of the financial asset
- the company transfer control of the asset to another party and the other party can see the asset to an
unrelated third party

A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

Castleplus Limited (Registered number: 06898329)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 21,203
Additions 7,199
At 31st May 2024 28,402
DEPRECIATION
At 1st June 2023 7,408
Charge for year 7,386
At 31st May 2024 14,794
NET BOOK VALUE
At 31st May 2024 13,608
At 31st May 2023 13,795

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 258,800 213,898
Amounts owed by group undertakings 55,613 5,613
Other debtors 15,000 18,365
329,413 237,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 76,180 123,488
Amounts owed to group undertakings 153,364 153,364
Taxation and social security 100,830 47,037
Other creditors 1,000 4,543
331,374 328,432

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/24 31/5/23
£    £   
Within one year 68,392 67,051
Between one and five years 49,127 117,519
117,519 184,570

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Employer pension contributions of £36,412 (2023 - £13,947) were made during the year. There were no contributions due to the fund at the balance sheet date (2023 - £nil).

Castleplus Limited (Registered number: 06898329)

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

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £153,364 (2023 - £153,364) to its parent company Castleplus Properties Ltd. The loan is unsecured, does not bear interest and is repayable on demand.

In addition, at the balance sheet date, the company was owed £5,613 (2023 - £5,613) by a fellow group company. The loan is unsecured, does not bear interest and is repayable on demand.