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Castle Pension Trustees Limited
Registered number: 08004026
Balance Sheet (continued)
As at 30 September 2024
Notes
The company is a private company, limited by share capital in England and Wales. The company's registered number is 08004026 and the registered office address is Springfield House, Springfield Road, Horsham, West Sussex, United Kingdom, RH12 2RG.
The financial statements are presented in sterling, rounded to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependent upon the support of the director. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of the assets to their recoverable amounts, and to provide for any further liabilities which may arise.
Average number of employees
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The average monthly number of employees, including directors, during the period was 1 (2023 - 1).
The financial statements for the year ended 31 March 2023 have been restated to reflect a customer contract being subject to the IR35 rules. The result of this was to recognise, over a five year period, deemed employment payments totalling £72,733 in the profit and loss, with dividends totalling £51,500 being restated. These adjustments resulted in an overpayment of corporation tax amounting to £12,982 and an underpayment due to HMRC for NIC of £3,995. The overall impact of these adjustments resulted in a restatement of the directors loan account balance which increased to become a creditor of £12,261 at 31 March 2023. The net impact on retained earnings of this restatement is a reduction from £10,739 retained profits to £1,506 accumulated losses, an overall reduction of £12,245.
Director's confirmations
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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M Thomas
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