General Information
Castlekeep Limited is a private company, limited by shares, registered in England and Wales, registration number 02887343, registration address Holed Stone Barn Stisted Cottage Farm, Hollies Road, Braintree, Essex, CM77 8DZ. The trading address of the company is Merchant House, 44 Berth, Port Of Tilbury, Essex, RM18 7HP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
10% Straight Line |
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 12 (2024 : 15).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
28,351 |
|
32,062 |
|
43,754 |
|
65,401 |
|
169,568 |
| Additions |
- |
|
- |
|
- |
|
1,541 |
|
1,541 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
28,351 |
|
32,062 |
|
43,754 |
|
66,942 |
|
171,109 |
| Depreciation |
| At 01 January 2025 |
2,835 |
|
30,179 |
|
41,935 |
|
39,831 |
|
114,780 |
| Charge for year |
2,835 |
|
282 |
|
455 |
|
4,066 |
|
7,638 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
5,670 |
|
30,461 |
|
42,390 |
|
43,897 |
|
122,418 |
| Net book values |
| Closing balance as at 31 December 2025 |
22,681 |
|
1,601 |
|
1,364 |
|
23,045 |
|
48,691 |
| Opening balance as at 01 January 2025 |
25,516 |
|
1,883 |
|
1,819 |
|
25,570 |
|
54,788 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
180,828 |
|
152,571 |
| Provision for Doubtful Debts |
(1,500) |
|
(1,500) |
| Prepayments & Accrued Income |
10,335 |
|
11,326 |
| Other Debtors |
381,142 |
|
388,775 |
|
570,805 |
|
551,172 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
38,986 |
|
87,587 |
| Bank Loans & Overdrafts |
0 |
|
6,000 |
| Corporation Tax |
82,839 |
|
36,544 |
| PAYE & Social Security |
20,113 |
|
10,001 |
| Wages & Salaries Control Account |
0 |
|
6,058 |
| Pension Control Account |
2,022 |
|
1,673 |
| Directors' Current Accounts |
652 |
|
92 |
|
144,612 |
|
147,955 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
0 |
|
34,785 |
|
0 |
|
34,785 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
6,800 |
|
2,400 |
| Charged to Profit & Loss |
(1,300) |
|
4,400 |
|
5,500 |
|
6,800 |
|
| 8. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| London River Logistics Ltd | 0 | | 0 | | 376,847 | | 276,847 |
Loan |
2
|