REGISTERED NUMBER: 09045608 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CASTLELINE DEVELOPMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Saggar

Mrs M Soni

REGISTERED OFFICE:

Unit 11 Trade City Business Park

Cowley Mill Road

Uxbridge

UB8 2DB

REGISTERED NUMBER:

09045608 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Property, plant and equipment

4

897,309

906,709

CURRENT ASSETS

Inventories

5

38,193

59,720

Debtors

6

89,069

51,764

Cash at bank and in hand

16,945

12,638

144,207

124,122

CREDITORS

Amounts falling due within one year

7

599,300

535,622

NET CURRENT LIABILITIES

(455,093

)

(411,500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

442,216

495,209

CREDITORS

Amounts falling due after more than one year

8

(365,472

)

(416,234

)

PROVISIONS FOR LIABILITIES

(5,640

)

(6,965

)

NET ASSETS

71,104

72,010

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

71,004

71,910

SHAREHOLDERS' FUNDS

71,104

72,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 25 September 2025 and were signed on its behalf by:

Mrs M Soni - Director

1.	STATUTORY INFORMATION

Castleline 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

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

869,298

130,169

999,467

Additions

-

3,074

3,074

At 31 January 2025

869,298

133,243

1,002,541

DEPRECIATION

At 1 February 2024

-

92,758

92,758

Charge for year

-

12,474

12,474

At 31 January 2025

-

105,232

105,232

NET BOOK VALUE

At 31 January 2025

869,298

28,011

897,309

At 31 January 2024

869,298

37,411

906,709

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

42,874

DEPRECIATION

At 1 February 2024

10,921

Charge for year

6,391

At 31 January 2025

17,312

NET BOOK VALUE

At 31 January 2025

25,562

At 31 January 2024

31,953

5.	INVENTORIES

31/1/25

31/1/24

£

£

Stocks

4,500

4,000

Work-in-progress

33,693

55,720

38,193

59,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

69,887

25,740

Amounts recoverable on contract

15,295

23,126

Other debtors

3,887

2,898

89,069

51,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

49,496

46,663

Hire purchase contracts

4,604

4,656

Trade creditors

11,816

11,019

Amounts owed to associates

511,822

444,053

Taxation and social security

11,634

9,747

Other creditors

9,928

19,484

599,300

535,622

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans

341,031

387,189

Hire purchase contracts

24,441

29,045

365,472

416,234

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

155,198

252,460

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/25

31/1/24

£

£

Bank loans

381,385

426,992

Hire purchase contracts

29,045

33,701

410,430

460,693

The bank loan is secured with a legal charge against the company's freehold property.

Hire purchase liabilities are secured against the specific encumbered asset.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/25

31/1/24

value:

£

£

100

Ordinary

1

100

100

11.	ULTIMATE CONTROLLING PARTY

Shortly after the year end on 25 February 2025, Castleline Holdings Limited became the 100% controlling shareholder of the company.