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Registered number: 04794969
Castlebank Care Home Ltd.
Financial Statements
For The Year Ended 31 March 2025
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04794969
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,578,798 234,384
1,578,798 234,384
CURRENT ASSETS
Debtors 5 104,729 189,951
Cash at bank and in hand 45,295 65,486
150,024 255,437
Creditors: Amounts Falling Due Within One Year 6 (206,515 ) (375,304 )
NET CURRENT ASSETS (LIABILITIES) (56,491 ) (119,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,522,307 114,517
NET ASSETS 1,522,307 114,517
CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 1,343,395 -
Profit and Loss Account 178,910 114,515
SHAREHOLDERS' FUNDS 1,522,307 114,517
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Squibb
Director
08/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Castlebank Care Home Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04794969 . The registered office is Castlebank Care Home 26 Castle Bank, Tow Law, Bishop Auckland, County Durham, DL13 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line
Plant & Machinery 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 23)
26 23
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 April 2024 395,200 122,569 517,769
Additions - 10,542 10,542
Revaluation 1,343,395 - 1,343,395
As at 31 March 2025 1,738,595 133,111 1,871,706
Depreciation
As at 1 April 2024 162,691 120,694 283,385
Provided during the period 7,904 1,619 9,523
As at 31 March 2025 170,595 122,313 292,908
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 1,568,000 10,798 1,578,798
As at 1 April 2024 232,509 1,875 234,384
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 98,249 158,862
Prepayments and accrued income 6,480 -
Other debtors - 31,089
104,729 189,951
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 57,739 28,138
Other taxes and social security 24,220 68,131
Other creditors - 29,568
Accruals and deferred income - 3,000
Director's loan account 124,556 246,467
206,515 375,304
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Reserves
Revaluation Reserve
£
Surplus on revaluation 1,343,395
As at 31 March 2025 1,343,395
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Daniel Squibb by virtue of his ownership of 100% of the issued share capital in the company.
Page 4