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REGISTERED NUMBER: 06761847 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CASTLE PROPERTIES ESTATE AGENTS LIMITED

CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CASTLE PROPERTIES ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr A J Chang Chao





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 1 Andover Road
Ludgershall
Andover
Hampshire
SP11 9LU





REGISTERED NUMBER: 06761847 (England and Wales)






CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,447 43,651
Investment property 6 626,614 626,614
662,061 670,265

CURRENT ASSETS
Debtors 7 3,335 988
Cash at bank and in hand 15,237 41,627
18,572 42,615
CREDITORS
Amounts falling due within one year 8 78,538 114,598
NET CURRENT LIABILITIES (59,966 ) (71,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,095

598,282

CREDITORS
Amounts falling due after more than one
year

9

(63,819

)

(92,948

)

PROVISIONS FOR LIABILITIES (6,388 ) (8,481 )
NET ASSETS 531,888 496,853

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 531,688 496,653
SHAREHOLDERS' FUNDS 531,888 496,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 17 July 2025 and were signed by:



Mr A J Chang Chao - Director


CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Castle Properties Estate Agents 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 2,701 5,403 12,854
Additions - - 324
At 31 December 2024 2,701 5,403 13,178
DEPRECIATION
At 1 January 2024 2,665 4,921 8,965
Charge for year 9 121 1,040
At 31 December 2024 2,674 5,042 10,005
NET BOOK VALUE
At 31 December 2024 27 361 3,173
At 31 December 2023 36 482 3,889

CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 55,926 19,233 96,117
Additions 2,200 805 3,329
At 31 December 2024 58,126 20,038 99,446
DEPRECIATION
At 1 January 2024 19,664 16,251 52,466
Charge for year 9,434 929 11,533
At 31 December 2024 29,098 17,180 63,999
NET BOOK VALUE
At 31 December 2024 29,028 2,858 35,447
At 31 December 2023 36,262 2,982 43,651

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 626,614
NET BOOK VALUE
At 31 December 2024 626,614
At 31 December 2023 626,614

The director, Mr A J Chang Chao, considers the cost of the acquisitions of the investment properties to be a fair estimation of their open market value as at the year end.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,822 240
Other debtors 1,513 748
3,335 988

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,703 19,740
Hire purchase contracts - 87
Trade creditors 2,656 6,169
Taxation and social security 22,705 22,909
Other creditors 32,474 65,693
78,538 114,598

CASTLE PROPERTIES ESTATE AGENTS LIMITED (REGISTERED NUMBER: 06761847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 61,319 82,531
Other creditors 2,500 10,417
63,819 92,948

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

14,340

29,402

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 82,022 102,271
Hire purchase contracts - 87
82,022 102,358

Bank loans are secured over the investment property and by way of an unlimited debenture.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200