BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is letting and operating of own or leased real estate. 14 March 2025 NI671928 2024-08-31 NI671928 2023-08-31 NI671928 2022-08-31 NI671928 2023-09-01 2024-08-31 NI671928 2022-09-01 2023-08-31 NI671928 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI671928 uk-curr:PoundSterling 2023-09-01 2024-08-31 NI671928 uk-bus:AbridgedAccounts 2023-09-01 2024-08-31 NI671928 uk-core:ShareCapital 2024-08-31 NI671928 uk-core:ShareCapital 2023-08-31 NI671928 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI671928 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI671928 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI671928 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI671928 uk-bus:FRS102 2023-09-01 2024-08-31 NI671928 uk-core:Land 2023-09-01 2024-08-31 NI671928 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI671928 2023-09-01 2024-08-31 NI671928 uk-bus:Director1 2023-09-01 2024-08-31 NI671928 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI671928
 
 
Castle Irvine Estate Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 August 2024
Castle Irvine Estate Limited
Company Registration Number: NI671928
ABRIDGED BALANCE SHEET
as at 31 August 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 520,073 401,931
───────── ─────────
 
Current Assets
Debtors 97,816 71,752
Cash and cash equivalents 22,158 34,481
───────── ─────────
119,974 106,233
───────── ─────────
Creditors: amounts falling due within one year (1,652,352) (1,337,779)
───────── ─────────
Net Current Liabilities (1,532,378) (1,231,546)
───────── ─────────
Total Assets less Current Liabilities (1,012,305) (829,615)
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings (1,012,405) (829,715)
───────── ─────────
Equity attributable to owners of the company (1,012,305) (829,615)
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 14 March 2025
           
           
           
________________________________          
Derek Keys          
Director          
           



Castle Irvine Estate Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
Castle Irvine Estate Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI671928. The registered office of the company is 72-74 Omagh Road, Dromore, Co Tyrone, BT78 3AJ. The principal activity of the company is letting and operating of own or leased real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Cash at bank and in hand
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 amountsof cash with insignificant risk of change in value.
 
Tangible assets and depreciation
Tangible assets under the cost model are stated at historical cost less accumulated depreciation and and 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.

At each reporting date the company assesses whether there is any indication of impairement.  If such indication exists, the recoverable amount of the asset is determined which is the higher of its fiar value less costs to sell and its value in use.  An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:
 
  Leasehold property - 2% Straight line
  Plant and machinery - 20% Straight line
 
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.
 
Trade and other debtors
Short term debtors are measured at transaction price, less any impairment.
 
Trade and other creditors
short term creditors are measured at the transaction price.  Other financial liabilities, inlcuding bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
Ordinary shares are classified as equity.  Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).  The director did not receive any remuneration.
 
  2024 2023
  Number Number
 
Administration 2 2
Director 1 1
  ───────── ─────────
  3 3
  ═════════ ═════════
         
4. Tangible assets
  Leasehold Plant and Total
  property machinery  
       
  £ £ £
Cost
At 1 September 2023 387,774 32,330 420,104
Additions 100,732 42,057 142,789
  ───────── ───────── ─────────
At 31 August 2024 488,506 74,387 562,893
  ───────── ───────── ─────────
Depreciation
At 1 September 2023 11,377 6,796 18,173
Charge for the financial year 9,770 14,877 24,647
  ───────── ───────── ─────────
At 31 August 2024 21,147 21,673 42,820
  ───────── ───────── ─────────
Net book value
At 31 August 2024 467,359 52,714 520,073
  ═════════ ═════════ ═════════
At 31 August 2023 376,397 25,534 401,931
  ═════════ ═════════ ═════════
   
5. Controlling interest
 
The ultimate controlling party is Derek Keys by virtue of his 100% shareholding in Castle Irvine Estate Limited.