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REGISTERED NUMBER: 05231259 (England and Wales)
















Financial Statements

for the Year Ended 31 July 2024

for

Castellum Cotswolds Limited

Castellum Cotswolds Limited (Registered number: 05231259)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Castellum Cotswolds Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J P Veale
B M Jones
C J K Wingrove





REGISTERED OFFICE: Castellum (all companies)
Building 5
The Heights
Weybridge
Surrey
KT13 0NY





REGISTERED NUMBER: 05231259 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Castellum Cotswolds Limited

Report of the Accountants to the Directors of
Castellum Cotswolds Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin South Wales & West Limited


26 March 2025

Castellum Cotswolds Limited (Registered number: 05231259)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,433,149 1,071,025
1,433,149 1,071,025

CURRENT ASSETS
Debtors 6 1,994,052 1,440,584
Cash at bank 674,060 262,670
2,668,112 1,703,254
CREDITORS
Amounts falling due within one year 7 2,493,779 1,223,027
NET CURRENT ASSETS 174,333 480,227
TOTAL ASSETS LESS CURRENT LIABILITIES 1,607,482 1,551,252

CREDITORS
Amounts falling due after more than one
year

8

(84,866

)

(410,433

)

PROVISIONS FOR LIABILITIES (101,044 ) (10,350 )
NET ASSETS 1,421,572 1,130,469

CAPITAL AND RESERVES
Called up share capital 10 100,267 100,267
Revaluation reserve 11 468,563 190,293
Retained earnings 852,742 839,909
SHAREHOLDERS' FUNDS 1,421,572 1,130,469

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Castellum Cotswolds Limited (Registered number: 05231259)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




B M Jones - Director J P Veale - Director




C J K Wingrove - Director


Castellum Cotswolds Limited (Registered number: 05231259)

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


1. STATUTORY INFORMATION

Castellum Cotswolds 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.

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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue from long-term construction contracts is recognised based on the stage of completion of the contract activity at the reporting date, less revenue invoiced at the reporting date. The stage of completion shall be determined by the proportion of costs incurred to date relative to the total estimated costs (costs incurred versus budgeted costs method).

The amount by which revenue, based on stage of completion at the reporting date, exceeds revenue invoiced, it is included in other debtors as amounts recoverable on contracts. Payments on account made by the customer in excess of revenue, based on stage of completion at the reporting date, is included in other creditors as payments on account.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.


Castellum Cotswolds Limited (Registered number: 05231259)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 5,000
AMORTISATION
At 1 August 2023
and 31 July 2024 5,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Castellum Cotswolds Limited (Registered number: 05231259)

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


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 1,028,974 20,847 45,395 6,210 1,101,426
Additions - - - 1,385 1,385
Revaluations 371,026 - - - 371,026
At 31 July 2024 1,400,000 20,847 45,395 7,595 1,473,837
DEPRECIATION
At 1 August 2023 - 11,731 16,800 1,870 30,401
Charge for year - 2,279 7,149 859 10,287
At 31 July 2024 - 14,010 23,949 2,729 40,688
NET BOOK VALUE
At 31 July 2024 1,400,000 6,837 21,446 4,866 1,433,149
At 31 July 2023 1,028,974 9,116 28,595 4,340 1,071,025

Cost or valuation at 31 July 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 371,026 - - - 371,026
Cost 1,028,974 20,847 45,395 7,595 1,102,811
1,400,000 20,847 45,395 7,595 1,473,837

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,028,974 -

Value of land in freehold land and buildings 1,400,000 -

Freehold property was valued on on open market basis on 31 July 2024 by the directors of the company .

During the year the directors decided to change the accounting policy on freehold property from historical cost to a revaluation basis. The freehold property was last professional valued in 2018 by Carter Jones Chartered Surveyors at £1,185,000. The directors are of the opinion that, having reviewed current values, that as at 31 July 2024, the value would be £1,400,000.

Castellum Cotswolds Limited (Registered number: 05231259)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,994,052 1,440,584

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 319,031 104,794
Hire purchase contracts (see note 9) 5,480 4,915
Trade creditors 526,687 283,632
Taxation and social security 381,145 67,296
Other creditors 1,261,436 762,390
2,493,779 1,223,027

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 73,915 394,003
Hire purchase contracts (see note 9) 10,951 16,430
84,866 410,433

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 29,741

Castellum Cotswolds Limited (Registered number: 05231259)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 6,776 6,776
Between one and five years 11,858 18,633
18,634 25,409

Finance charges repayable:
Within one year 1,296 1,861
Between one and five years 907 2,203
2,203 4,064

Net obligations repayable:
Within one year 5,480 4,915
Between one and five years 10,951 16,430
16,431 21,345

Non-cancellable operating leases
2024 2023
£    £   
Within one year 16,872 24,070
Between one and five years 11,911 851
28,783 24,921

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,510,000 Ordinary A 0.01 100,167 100,167
10,000 Ordinary B 0.01 100 100
100,267 100,267

Castellum Cotswolds Limited (Registered number: 05231259)

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


11. RESERVES
Revaluatio
reserve
£   
At 1 August 2023 190,293
Profit and loss transfer 278,270

At 31 July 2024 468,563

12. RELATED PARTY DISCLOSURES

During the year, the company provided services to Castellum London (UK) Limited, a 75% subsidiary company, amounting to £72,225 (2023: £75,000). At the end of the financial year, Castellum London (UK) Limited owed the company, £337,225 (2023: £265,000), which is contained within other debtors.

During the year, the company received services from Castellum London (UK) Limited, a 75% subsidiary company,amounting to £318,252 (2023: £250,277). At the end of the financial year, the company owed Castellum London (UK) Ltd, £1,205,912 (2023: £727,660), which is contained within other creditors.