Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Mr D Meylan Mr R Skinner Mr G Sloan 05 May 2025 The principal activity of the company is running events in the leisure industry. 12391295 2025-01-31 12391295 core:CurrentFinancialInstruments 2025-01-31 12391295 core:CurrentFinancialInstruments 2024-01-31 12391295 2024-01-31 12391295 core:ShareCapital 2025-01-31 12391295 core:ShareCapital 2024-01-31 12391295 core:RetainedEarningsAccumulatedLosses 2025-01-31 12391295 core:RetainedEarningsAccumulatedLosses 2024-01-31 12391295 bus:OrdinaryShareClass1 2025-01-31 12391295 2024-02-01 2025-01-31 12391295 bus:FilletedAccounts 2024-02-01 2025-01-31 12391295 bus:SmallEntities 2024-02-01 2025-01-31 12391295 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12391295 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12391295 bus:Director1 2024-02-01 2025-01-31 12391295 bus:Director2 2024-02-01 2025-01-31 12391295 bus:Director3 2024-02-01 2025-01-31 12391295 2023-02-01 2024-01-31 12391295 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 12391295 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12391295 (England and Wales)

PARTY IN THE CASTLE LTD

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

PARTY IN THE CASTLE LTD

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

PARTY IN THE CASTLE LTD

BALANCE SHEET

As at 31 January 2025
PARTY IN THE CASTLE LTD

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Current assets
Debtors 3 9,896 90
Cash at bank and in hand 2,563 21,421
12,459 21,511
Creditors: amounts falling due within one year 4 ( 14,986) ( 21,882)
Net current liabilities (2,527) (371)
Total assets less current liabilities (2,527) (371)
Net liabilities ( 2,527) ( 371)
Capital and reserves
Called-up share capital 5 90 90
Profit and loss account ( 2,617 ) ( 461 )
Total shareholders' deficit ( 2,527) ( 371)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Party In The Castle Ltd (registered number: 12391295) were approved and authorised for issue by the Board of Directors on 05 May 2025. They were signed on its behalf by:

Mr R Skinner
Director
Mr G Sloan
Director
Mr D Meylan
Director
PARTY IN THE CASTLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
PARTY IN THE CASTLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Party In The Castle Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Northernhay Place, Exeter, EX4 3QJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2025 2024
£ £
Other debtors 9,896 90

4. Creditors: amounts falling due within one year

2025 2024
£ £
Accruals 1,600 4,595
Other creditors 13,386 17,287
14,986 21,882

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and not yet paid
90 Ordinary shares of £ 1.00 each 90 90