1 false false false false false false false false false false true false false true true true true No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 480,000 480,000 480,000 xbrli:pure xbrli:shares iso4217:GBP 11087371 2023-12-01 2024-11-30 11087371 2024-11-30 11087371 2023-11-30 11087371 2022-12-01 2023-11-30 11087371 2023-11-30 11087371 2022-11-30 11087371 bus:Director1 2023-12-01 2024-11-30 11087371 core:AfterOneYear 2024-11-30 11087371 core:AfterOneYear 2023-11-30 11087371 core:WithinOneYear 2024-11-30 11087371 core:WithinOneYear 2023-11-30 11087371 core:ShareCapital 2024-11-30 11087371 core:ShareCapital 2023-11-30 11087371 core:RetainedEarningsAccumulatedLosses 2024-11-30 11087371 core:RetainedEarningsAccumulatedLosses 2023-11-30 11087371 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 11087371 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 11087371 bus:SmallEntities 2023-12-01 2024-11-30 11087371 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11087371 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11087371 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11087371 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 11087371
Castle View Real Estates Ltd
Filleted Unaudited Financial Statements
30 November 2024
Castle View Real Estates Ltd
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investment Property
5
480,000
480,000
Current assets
Debtors
6
216
Cash at bank and in hand
885
2,086
----
-------
885
2,302
Creditors: amounts falling due within one year
7
( 147,931)
( 144,881)
----------
----------
Net current liabilities
( 147,046)
( 142,579)
----------
----------
Total assets less current liabilities
332,954
337,421
Creditors: amounts falling due after more than one year
8
( 279,594)
( 280,479)
----------
----------
Net assets
53,360
56,942
----------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
53,260
56,842
---------
---------
Shareholders deficit
53,360
56,942
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Castle View Real Estates Ltd
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mr S H Elias
Director
Company registration number: 11087371
Castle View Real Estates Ltd
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss .
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern. The director considers this to be appropriate having regard to the continued provision of financial support by the director.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have been no judgements, estimates and assumptions in the year which materially affect the financial statements, other than those listed below.
Revenue recognition
The turnover shown in the Income statement represents amounts of rental income and service charges invoiced during the period. Cost of Sales The cost of sales are recognised in the Income Statement in the year in which they are incurred.
Investment property
Investment property is a property which is held either to earn rental income or for capital appreciation or for both. Investment property is recognised initially at cost. Subsequent to initial recognition - Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and - No depreciation is provided in respect of investment property applying the fair value model. Investment property fair value is determined by the Directors based on their understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. Acquisition and disposal of properties Acquisition and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly. Fixed Asset depreciation policy Low value items of furniture and fittings are written off in the year in which they are acquired.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Investment property
Freehold property
£
Cost
At 1 December 2023 and 30 November 2024
480,000
----------
Carrying amount
At 30 November 2024
480,000
----------
At 30 November 2023
480,000
----------
6. Debtors
2024
2023
£
£
Other debtors
216
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
147,931
144,881
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
279,594
280,479
----------
----------