CASTLEBAR PUBLISHING LTD


Director	Mrs M J Allnatt


Registered Address	12a Marlborough Place
	Brighton
	BN1 1WN


Registered Number	04057672 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		265,483		265,664
Investments	5		687,647		760,661
			953,130		1,026,325
Current assets
Debtors	6	247,040		241,370
Cash at bank and on hand		65,657		62,571
		312,697		303,941
Creditors amounts falling due within one year	7	(2,101)		(1,663)
Net current assets (liabilities)			310,596		302,278
Total assets less current liabilities			1,263,726		1,328,603
Creditors amounts falling due after one year	8		(176,713)		(176,713)
Provisions for liabilities	9		(31)		(53)
Accruals and deferred income			(1,605)		(1,605)
Net assets			1,085,377		1,150,232
Capital and reserves
Called up share capital			200		200
Other reserves			12,235		12,235
Profit and loss account			1,072,942		1,137,797
Shareholders' funds			1,085,377		1,150,232

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 April 2025, and are signed on its behalf by:

Mrs M J Allnatt
Director
Registered Company No. 04057672

CASTLEBAR PUBLISHING LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	The policy of not providing depreciation on freehold property and improvements to property is in accordance with the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirement is for the overriding purpose of giving a true and fair view in accordance with Section 1A of Financial Reporting Standard 102.

Investment property

The policy of not providing depreciation on freehold property and improvements to property is in accordance with the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirement is for the overriding purpose of giving a true and fair view in accordance with Section 1A of Financial Reporting Standard 102.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 24	264,940	64,610	329,550
At 31 December 24	264,940	64,610	329,550
Depreciation and impairment
At 01 January 24	-	63,886	63,886
Charge for year	-	181	181
At 31 December 24	-	64,067	64,067
Net book value
At 31 December 24	264,940	543	265,483
At 31 December 23	264,940	724	265,664

4.	Revaluation of property, plant and equipment
	If freehold property had not been revalued it would have been included at the following historical cost £246,443 (2023: £246,443). Freehold property was valued on an open market basis on 31 December 2024 by Mrs M J Allnatt, Director.

5.	Fixed asset investments

	Other investments¹	Other loans²	Total
	£	£	£
Cost or valuation
At 01 January 24	672,661	88,000	760,661
Disposals	(73,014)	-	(73,014)
At 31 December 24	599,647	88,000	687,647
Net book value
At 31 December 24	599,647	88,000	687,647
At 31 December 23	672,661	88,000	760,661

	Notes
	¹Other investments other than loans ²Other loans classified under investments

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	246,998	241,328
Prepayments and accrued income	42	42
Total	247,040	241,370

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	2,098	1,663
Other creditors	3	-
Total	2,101	1,663

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	176,713	176,713
Total	176,713	176,713

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	31	53
Total	31	53

10.	Controlling party
	The company is controlled by its director, Mrs M J Allnatt, by virtue of her ownership of the issued share capital.