REGISTERED NUMBER: 04640891 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CASTLELINE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Soni

REGISTERED OFFICE:

Unit 11 Trade City Business Park

Cowley Mill Road

Uxbridge

UB8 2DB

REGISTERED NUMBER:

04640891 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Property, plant and equipment

4

405,674

405,674

CURRENT ASSETS

Debtors

5

776,108

745,599

Cash at bank

1,089,426

772,354

1,865,534

1,517,953

CREDITORS

Amounts falling due within one year

6

662,135

625,857

NET CURRENT ASSETS

1,203,399

892,096

TOTAL ASSETS LESS CURRENT LIABILITIES

1,609,073

1,297,770

CREDITORS

Amounts falling due after more than one year

7

23,172

65,861

NET ASSETS

1,585,901

1,231,909

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,585,801

1,231,809

SHAREHOLDERS' FUNDS

1,585,901

1,231,909

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 director acknowledges her 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 director and authorised for issue on 25 September 2025 and were signed by:

Mrs M Soni - Director

1.	STATUTORY INFORMATION

Castleline 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 represents the total amount receivable by the company for rental income from its residential tenants during the year. For the purpose of the rent-to-rent business model, turnover does not include the rent paid to the original property owners, as this is a cost of sales rather than income earned from the company's own activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Freehold property

The directors acknowledge the need to assess appropriate depreciation policies based upon historical cost less residual value. The freehold property will be maintained to a high standard throughout the value in use period in order to meet industry regulations. The directors do not consider that the residual value of the freehold properties will reduce below the historical cost values.

Accordingly, the freehold properties have not been depreciated.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

405,674

5,387

411,061

DEPRECIATION

At 1 February 2024

and 31 January 2025

-

5,387

5,387

NET BOOK VALUE

At 31 January 2025

405,674

-

405,674

At 31 January 2024

405,674

-

405,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

983

4,293

Amounts owed by connected company

523,114

477,080

Amounts recoverable on contract

249,897

180,945

Other debtors

2,114

83,281

776,108

745,599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

46,345

50,000

Trade creditors

72,647

19,576

Taxation and social security

146,171

92,715

Other creditors

396,972

463,566

662,135

625,857

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans

23,172

65,861

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/25

31/1/24

£

£

Bank loans

69,517

115,861

The bank loan is secured by a HSBC Bank fixed and floating charge over all the company's assets.

The £250,000 Coronavirus Business Interruption Loan is materially secured by the government.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/25

31/1/24

value:

£

£

100

Ordinary

1

100

100

10.	ULTIMATE CONTROLLING PARTY

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