REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st May 2024 |
for |
Castleplus Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st May 2024 |
for |
Castleplus Properties Limited |
Castleplus Properties Limited (Registered number: 08533508) |
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 Properties Limited |
Company Information |
for the Year Ended 31st May 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
34 - 35 Clarges Street |
Mayfair |
London |
W1J 7EJ |
Castleplus Properties Limited (Registered number: 08533508) |
Balance Sheet |
31st May 2024 |
31/5/24 | 31/5/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
Castleplus Properties Limited (Registered number: 08533508) |
Notes to the Financial Statements |
for the Year Ended 31st May 2024 |
1. | STATUTORY INFORMATION |
Castleplus Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Castleplus Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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. |
Investments in subsidiaries |
Investments in subsidiaries are measured at cost less accumulated impairment. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Castleplus Properties Limited (Registered number: 08533508) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st June 2023 |
and 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company was owed £153,364 (2023 - £155,127) by its subsidiaries. The loans are unsecured, do not bear interest and are repayable on demand. |