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REGISTERED NUMBER: 10055395 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Castle Suites Limited

Castle Suites Limited (Registered number: 10055395)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castle Suites Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: J A Youds





REGISTERED OFFICE: 94 Sheil Road
Anfield
Liverpool
Merseyside
L6 3AF





REGISTERED NUMBER: 10055395 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Castle Suites Limited (Registered number: 10055395)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 688,447 688,447

CURRENT ASSETS
Debtors 5 3,082 23,000
Cash at bank and in hand 11,232 100
14,314 23,100
CREDITORS
Amounts falling due within one year 6 337,685 270,528
NET CURRENT LIABILITIES (323,371 ) (247,428 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,076

441,019

CREDITORS
Amounts falling due after more than one
year

7

384,474

464,091
NET LIABILITIES (19,398 ) (23,072 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,498 ) (23,172 )
(19,398 ) (23,072 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Castle Suites Limited (Registered number: 10055395)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 15 April 2025 and were signed by:





J A Youds - Director


Castle Suites Limited (Registered number: 10055395)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Castle Suites 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the current liability position of the company it is still considered a going concern due to ongoing continued support from the director and parent company.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when rent is received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

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.

Castle Suites Limited (Registered number: 10055395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 688,447
NET BOOK VALUE
At 31 March 2025 688,447
At 31 March 2024 688,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by associates - 23,000
Other debtors 3,082 -
3,082 23,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 38,254 66,001
Amounts owed to associates 143,864 55,579
Taxation and social security 734 734
Other creditors 154,833 148,214
337,685 270,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 384,474 464,091

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 231,456 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 422,728 530,092

Castle Suites Limited (Registered number: 10055395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. RELATED PARTY DISCLOSURES

Included in creditors at 31st March 2025 is £143,864 owed to related parties under common control. The loans are repayable on demand. One of the loans includes interest at 3%.