Company No: 07077148 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	50		50
		50		50
Current assets
Stocks		113,005		113,005
Debtors	4	1,446,402		1,446,792
Cash at bank and in hand		22,696		24,510
		1,582,103		1,584,307
Creditors: amounts falling due within one year	5	( 659,058)		( 657,916)
Net current assets		923,045		926,391
Total assets less current liabilities		923,095		926,441
Creditors: amounts falling due after more than one year	6	( 40,000)		( 40,000)
Net assets		883,095		886,441
Capital and reserves
Called-up share capital		2,000		2,000
Profit and loss account		881,095		884,441
Total shareholder's funds		883,095		886,441

For the financial year ending 31 March 2025 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Ivy Castle Limited (registered number: 07077148) were approved and authorised for issue by the Director. They were signed on its behalf by:

Karen Ann Mcgovern Director

19 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ivy Castle Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hobland Hall, Hobland Road, Great Yarmouth, NR31 9AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	50		50
At 31 March 2025	50		50
Carrying value at 31 March 2025	50		50
Carrying value at 31 March 2024	50		50

4. Debtors

	2025		2024
	£		£
Amounts owed by associates	1,446,360		1,446,360
VAT recoverable	42		32
Corporation tax	0		400
	1,446,402		1,446,792

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	286		192
Amounts owed to director	657,377		656,377
Accruals	1,395		1,347
	659,058		657,916

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	40,000		40,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
At the year end date, a company which has common directors, owed the following amount to the company . The loan is unsecured and interest free.	1,446,360		1,446,360

Transactions with the entity's director

	2025		2024
	£		£
At the year end the director was owed the following amount from the company which is repayable on demand.	657,377		656,377