Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The principal activity of the company is the provision of legal services and advice42023-08-01false4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12740848 2023-08-01 2024-07-31 12740848 2022-08-01 2023-07-31 12740848 2024-07-31 12740848 2023-07-31 12740848 c:Director1 2023-08-01 2024-07-31 12740848 d:MotorVehicles 2023-08-01 2024-07-31 12740848 d:MotorVehicles 2024-07-31 12740848 d:MotorVehicles 2023-07-31 12740848 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12740848 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12740848 d:OfficeEquipment 2023-08-01 2024-07-31 12740848 d:OfficeEquipment 2024-07-31 12740848 d:OfficeEquipment 2023-07-31 12740848 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12740848 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12740848 d:ComputerEquipment 2023-08-01 2024-07-31 12740848 d:ComputerEquipment 2024-07-31 12740848 d:ComputerEquipment 2023-07-31 12740848 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12740848 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12740848 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12740848 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12740848 d:CurrentFinancialInstruments 2024-07-31 12740848 d:CurrentFinancialInstruments 2023-07-31 12740848 d:Non-currentFinancialInstruments 2024-07-31 12740848 d:Non-currentFinancialInstruments 2023-07-31 12740848 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12740848 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12740848 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12740848 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12740848 d:ShareCapital 2024-07-31 12740848 d:ShareCapital 2023-07-31 12740848 d:RetainedEarningsAccumulatedLosses 2024-07-31 12740848 d:RetainedEarningsAccumulatedLosses 2023-07-31 12740848 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12740848 c:OrdinaryShareClass1 2024-07-31 12740848 c:OrdinaryShareClass1 2023-07-31 12740848 c:FRS102 2023-08-01 2024-07-31 12740848 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12740848 c:FullAccounts 2023-08-01 2024-07-31 12740848 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12740848 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 12740848 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 12740848 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 12740848 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 12740848 2 2023-08-01 2024-07-31 12740848 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12740848










KASTLE SOLICITORS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
KASTLE SOLICITORS LTD
REGISTERED NUMBER: 12740848

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
61,860
4,529

  
61,860
4,529

Current assets
  

Debtors: amounts falling due within one year
 5 
933,737
514,975

Cash at bank and in hand
 6 
505,337
27,959

  
1,439,074
542,934

Creditors: amounts falling due within one year
 7 
(667,727)
(298,508)

Net current assets
  
 
 
771,347
 
 
244,426

Total assets less current liabilities
  
833,207
248,955

Creditors: amounts falling due after more than one year
 8 
(39,837)
-

  

Net assets
  
793,370
248,955


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
793,270
248,855

  
793,370
248,955


Page 1

 
KASTLE SOLICITORS LTD
REGISTERED NUMBER: 12740848
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with 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 on 28 April 2025.




C Shuttleworth
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

The principal activity of the company is the provision of legal services and advice.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

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 as 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
Office equipment
-
33%
Written Down Value Method
Computer equipment
-
33%
Written Down Value Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the Period was 4 (2023 - 4).

Page 5

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
-
5,108
5,065
10,173


Additions
58,210
1,249
799
60,258



At 31 July 2024

58,210
6,357
5,864
70,431



Depreciation


At 1 August 2023
-
3,050
2,594
5,644


Charge for the Period on owned assets
-
900
1,057
1,957


Charge for the Period on financed assets
970
-
-
970



At 31 July 2024

970
3,950
3,651
8,571



Net book value



At 31 July 2024
57,240
2,407
2,213
61,860



At 31 July 2023
-
2,058
2,471
4,529

Page 6

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
59,648
477,475

Amounts owed by joint ventures and associated undertakings
40,726
37,500

Other debtors
816,863
-

Prepayments and accrued income
16,500
-

933,737
514,975



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
505,337
27,959

505,337
27,959



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,236
57,449

Corporation tax
406,943
94,345

Other taxation and social security
160,124
80,109

Obligations under finance lease and hire purchase contracts
8,062
-

Other creditors
74,562
61,105

Accruals and deferred income
11,800
5,500

667,727
298,508



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
39,837
-

39,837
-


Page 7

 
KASTLE SOLICITORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
8,062
-

Between 1-5 years
39,837
-

47,899
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



11.


Related party transactions

During the year, the director C Shuttleworth made withdrawals of £760,933 (2023: £nil), dividends of £145,207 were paid to him during the year and the interest of £7,917 was charged on the director's loan account outstanding. As at the year end the director owes a balance of £623,643 (2023:£Nil) to the company.


12.


Controlling party

The company is controlled by C Shuttleworth by virtue of his shareholding.

 
Page 8