Castlefield (No 1) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15341740

		28 February 2025
	Notes	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	18,353,771
Cash at bank and in hand		10

		18,353,781
Creditors: Amounts Falling Due Within One Year	6	(1,157,858 )

NET CURRENT ASSETS (LIABILITIES)			17,195,923

TOTAL ASSETS LESS CURRENT LIABILITIES			17,195,923

NET ASSETS			17,195,923

CAPITAL AND RESERVES
Called up share capital			10
Profit and Loss Account			17,195,913

SHAREHOLDERS' FUNDS			17,195,923

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 J Wider

Director

12/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Castlefield (No 1) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15341740 . The registered office is Unit 9 Ravensdale Industrial Estate, Timberwharf Road, London, N16 6DB.

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

2. Accounting Policies

2.1. Basis of Preparation of 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director and shareholder.

2.2. Turnover

Turnover represents property sales and net invoiced rents and commission receivable, including value-added tax.

2.3. Investment Properties

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.4. Taxation

Taxation for the period 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 balance sheet date.

2.5. Deferred Taxation

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 period 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.

2.6. Short term debtors and creditors

Short-term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

2.7. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

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Castlefield (No 1) Limited

Notes to the Financial Statements (continued)

For the Period 11 December 2023 to 28 February 2025

4. Investment Property

	28 February 2025
	£
Fair Value
As at 11 December 2023	-
Additions	3,650,036
Disposals	(3,650,036 )

As at 28 February 2025	-

5. Debtors

	28 February 2025
	£
Due after more than one year
Amounts owed by group undertakings	18,353,771

6. Creditors: Amounts Falling Due Within One Year

	28 February 2025
	£
Other creditors	1,157,858

7. Related Party Transactions

Included in other creditors are amounts totalling £1,143,878 owed to company with a common director.

The company is a wholly-owned subsidiary of the group and has taken advantage of the exemption in FRS 102 paragraph 33.1A not to disclose transactions or balances with other wholly-owned group undertakings.

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