REGISTERED NUMBER: 11542408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

FOR

CASTLE SUNBURY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mr R T Sperring

Mr R J Sperring

REGISTERED OFFICE:

1st Floor

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

REGISTERED NUMBER:

11542408 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

FIXED ASSETS

Tangible assets

4

-

160

Investment property

5

362,500

1,385,000

362,500

1,385,160

CURRENT ASSETS

Debtors

6

787,963

484,151

Cash at bank

882

3,449

788,845

487,600

CREDITORS

Amounts falling due within one year

7

10,483

10,702

NET CURRENT ASSETS

778,362

476,898

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,862

1,862,058

CREDITORS

Amounts falling due after more than one year

8

-

(600,000

)

PROVISIONS FOR LIABILITIES

(59,598

)

(227,468

)

NET ASSETS

1,081,264

1,034,590

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

313,675

1,197,200

Retained earnings

767,489

(162,710

)

1,081,264

1,034,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 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 24 October 2025 and were signed on its behalf by:

Mr R T Sperring - Director

1.	STATUTORY INFORMATION

Castle Sunbury 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.

The presentation currency of the financial statements is Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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

-

20% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

INVESTMENT PROPERTY

Investment property is carried at fair value determined by the directors, professional external valuers may be used as and when the directors feel it is necessary. Fair value is derived from current market rents and investment property yields from comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The directors continuously monitor the fair value of the property and if a material movement occurs this will be included in the financial statements. Changes in fair value are recognised in the profit and loss. No depreciation is provided.

TAXATION

Taxation for the year comprises current 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 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

RENTS RECEIVABLE

Other operating income represents the amounts receivable by the company, in respect of property letting services provided.

Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

SHORT TERM DEBTORS AND CREDITORS

Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised in the income statement in other operating expenses.

CASH AND CASH EQUIVALENTS

Cash and short-term deposits included in the Balance Sheet comprise cash in hand and short-term deposits with an original maturity of three months or less.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 October 2023

800

Disposals

(800

)

At 30 October 2024

-

DEPRECIATION

At 31 October 2023

640

Eliminated on disposal

(640

)

At 30 October 2024

-

NET BOOK VALUE

At 30 October 2024

-

At 30 October 2023

160

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2023

1,385,000

Disposals

(1,022,500

)

At 30 October 2024

362,500

NET BOOK VALUE

At 30 October 2024

362,500

At 30 October 2023

1,385,000

Fair value at 30 October 2024 is represented by:

£

Valuation in 2019

291,175

Valuation in 2022

22,500

Cost

48,825

362,500

The investment properties were valued in February 2022 at fair value as determined by Carter Jonas, an independent, professionally qualified valuer. The valuations were undertaken in accordance with the Royal Institution of Chartered Surveyors' Appraisal and Valuation Manual. Details on the assumptions made are given in note 2. The directors continuously monitor the fair value of the property and if a material movement occurs it is included within the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

787,963

484,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,361

-

Tax

4,213

4,213

Other creditors

3,494

4,495

Accrued expenses

1,415

1,994

10,483

10,702

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

-

600,000

9.	SECURED DEBTS

Any bank borrowing facility used during the year is secured by a charge over the investment properties held by the company.

10.

RESERVES

Fair

value

reserve

£

At 31 October 2023

1,197,200

Transfer from fair value

(883,525

)

At 30 October 2024

313,675

11.	CAPITAL COMMITMENTS

At 30 October 2024 the company had no contractual commitments for the acquisition of fixed assets (31 October 2023: £nil).

12.	RELATED PARTY DISCLOSURES

At the beginning of the year the company was owed £18,500 by associated companies. During the year various transactions took place and as a result of this the company is owed £27,000 by the associated companies at the balance sheet date. The loan is repayable on demand, no interest is being charged on the loan and no security has been provided on this balance.

At the beginning of the year the company was owed £465,651 by group companies. During the year various transactions took place and as a result of this the company is owed £760,963 by the group companies at the balance sheet date. The loan is repayable on demand, no interest is being charged on the loan and no security has been provided on this balance.

13.	PARENT UNDERTAKING

The parent company is Sheriol Thirty-Two Limited whose registered office and principal place of business is 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, SO16 7JQ.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castle Sunbury Limited for the year ended 30 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Castle Sunbury Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Sunbury Limited and state those matters that we have agreed to state to the Board of Directors of Castle Sunbury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castle Sunbury Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Castle Sunbury Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle Sunbury Limited. You consider that Castle Sunbury Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castle Sunbury Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

Date: .............................................