REGISTERED NUMBER: 05985904 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Castleoak Care Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G Foster

C R Knight

REGISTERED OFFICE:

20 Market Street

Altrincham

WA14 1PF

REGISTERED NUMBER:

05985904 (England and Wales)

CURRENT ASSETS

Stocks

5

-

606,214

Debtors

6

142,650

492,296

Cash at bank

2,958,353

1,534,252

3,101,003

2,632,762

CREDITORS

Amounts falling due within one year

7

1,122,308

1,896,786

NET CURRENT ASSETS

1,978,695

735,976

TOTAL ASSETS LESS CURRENT LIABILITIES

1,978,695

735,976

CAPITAL AND RESERVES

Called up share capital

1,200,000

1,200,000

Retained earnings

778,695

(464,024

)

1,978,695

735,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:

P G Foster - Director

1.	STATUTORY INFORMATION

Castleoak Care Developments 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.

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.

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.

Fixtures and fittings

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2023

and 30 September 2024

18,254

DEPRECIATION

At 1 October 2023

and 30 September 2024

18,254

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.

STOCKS

2024

2023

£

£

Work-in-progress

-

606,214

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Deferred tax asset

142,650

492,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

370,567

370,567

Amounts owed to group undertakings

542,875

1,544,456

Tax

4,421

(195,162

)

Accruals and deferred income

204,445

176,925

1,122,308

1,896,786

8.	ULTIMATE CONTROLLING PARTY

9.	COMPANY VOLUNTARY ARRANGEMENT

On 30th March 2022 the company entered into a Company Voluntary Arrangement. This was entered into in order to satisfy the company's debts to its creditors. The outcome of this arrangement will be determined by the value that the company can sell its assets. On 15th May 2025 the Company Voluntary Arrangement was terminated and a the supervisors stated in their report that a distribution had been made to unsecured creditors.