Castletown Law Limited - Filleted accounts

Company registration number	SC602269

















Castletown Law Limited

Unaudited Financial Statements

for the year ended 31 August 2025





























Cavendish Bond
Chartered Accountants
14 Hanover Square
London
W1S 1HN

Castletown Law Limited
Financial statements for the year ended 31 August 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of Castletown Law Limited for the year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of Castletown Law Limited for the year ended 31 August 2025, which comprise the Profit and Loss Account, the Balance Sheet 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 we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Castletown Law Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castletown Law Limited and state those matters that we have agreed to state to the Board of Directors of Castletown Law Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castletown Law Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Castletown Law Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Castletown Law Limited. You consider that Castletown Law 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 Castletown Law 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 financial statements.

Cavendish Bond
Chartered Accountants
14 Hanover Square
London
W1S 1HN

31 May 2026

Castletown Law Limited
Financial statements for the year ended 31 August 2025

Balance Sheet

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		900			2,567

Current assets
Debtors	4	260,597			344,051
Cash at bank and in hand		82,992			106,044
		343,589			450,095

Creditors: amounts falling due within one year	5	(270,699)			(374,095)

Net current assets			72,890			76,000

Total assets less current liabilities			73,790			78,567


Provisions for liabilities			(225)			(642)


Net assets			73,565			77,925

Capital and reserves
Called up share capital			1,040			1,030
Profit and loss account			72,525			76,895

Shareholder's funds			73,565			77,925

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 31 May 2026 and are signed on its behalf by



A L Renton
Director

Company registration number SC602269

Castletown Law Limited
Financial statements for the year ended 31 August 2025

Notes to the Financial Statements


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover derives from the rendering of services and 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows:

	Computer equipment	over 3 years
	Office furniture and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.

	Creditors
	Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Financial instruments
	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 entity after deducting all of its liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet. Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited directly to equity.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			-		-


3	Tangible fixed assets
		Computer equipment		Office furniture and equipment		Total
£			£		£
	Cost
	At 1 September 2024	15,347		2,460		17,807
	Disposals	(1,520)		-		(1,520)
	At 31 August 2025	13,827		2,460		16,287

	Depreciation
	At 1 September 2024	13,814		1,426		15,240
	Charge for the year	950		492		1,442
	On disposals	(1,295)		-		(1,295)
	At 31 August 2025	13,469		1,918		15,387

	Net book value
	At 31 August 2025	358		542		900
	At 31 August 2024	1,533		1,034		2,567


4	Debtors			2025		2024
£					£

	Trade debtors			187,478		119,177
	Accrued income			26,024		104,285
	Other debtors			47,095		120,589
				260,597		344,051


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			226,301		329,890
	Taxes and social security costs			4,127		8,265
	Other creditors			40,271		35,940
				270,699		374,095


6	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			-		5,380


7	Other information

	Castletown Law Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:

	Forest Lodge
	Gosford Road
	Longniddry
	East Lothian
	Scotland
	EH32 0LF