Castle Point Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04985030

CASTLE POINT GROUP LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

CASTLE POINT GROUP LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGES

Balance sheet	1 to 2

Notes to the financial statements	3 to 5

CASTLE POINT GROUP LIMITED

BALANCE SHEET

31 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	1,136,931	1,922,211
Cash at bank and in hand		85,098	610,876
		--------------	--------------
		1,222,029	2,533,087

CREDITORS: amounts falling due within one year	6	( 1,882,968)		( 2,646,422)
		--------------		--------------
NET CURRENT LIABILITIES			( 660,939)		( 113,335)
			-----------		-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 660,939)		( 113,335)
			-----------		-----------

CASTLE POINT GROUP LIMITED

BALANCE SHEET (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 660,940)	( 113,336)
	-----------	-----------
SHAREHOLDERS DEFICIT	( 660,939)	( 113,335)
	-----------	-----------

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 profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr J B Adler

Director

Company registration number: 04985030

CASTLE POINT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the accounting period, stated net of discounts and value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	25% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Basic financial instruments Trade and other debtors Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument. Trade and other creditors Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.

4. TANGIBLE ASSETS

	Equipment	Total
	£	£
Fair value
At 1 January 2024 and 31 December 2024	5,813	5,813
	--------	--------
Depreciation
At 1 January 2024 and 31 December 2024	5,813	5,813
	--------	--------
Carrying amount
At 31 December 2024	–	–
	--------	--------
At 31 December 2023	–	–
	--------	--------

5. DEBTORS

	2024	2023
	£	£
Trade debtors	–	11,850
Other debtors	1,136,931	1,910,361
	--------------	--------------
	1,136,931	1,922,211
	--------------	--------------

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	–	2,412
Other creditors	1,882,968	2,644,010
	--------------	--------------
	1,882,968	2,646,422
	--------------	--------------

7. RELATED PARTY TRANSACTIONS

(i) Included in Other debtors are loans aggregating £915,241 (2023: £1,677,756) due from companies connected with the director and shareholders. The loans are interest-free and repayable on demand. (ii) Included in Other creditors are loans aggregating £1,077,944 (2023: £2,188,795) due to companies connected with the director and shareholders. The loans are interest-free and repayable on demand.