Castle Village Residents Limited

Balance Sheet

31 October 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	68,820	51,269
Cash at bank and in hand		4,878	15,357
		73,698	66,626
Creditors: Amounts falling due within one year	5	(69,118)	(68,851)
Net assets/(liabilities)		4,580	(2,225)
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		4,579	(2,226)
Shareholders' funds/(deficit)		4,580	(2,225)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
 

......................................... S J Hewlett Director

......................................... A L Mason Director

Company Registration Number: 09723373

Castle Village Residents Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tregenna Castle Hotel
Trelyon Avenue
St Ives
Cornwall
TR26 2DE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

Management have assessed a number of factors in respect of the appropriateness of the going concern assertion.

After due consideration the Directors continue to apply the going concern basis to the preparation of the financial statements.

Revenue recognition

Turnover represents service charges raised in the period, and are shown net of rebates and discounts.

Service charges are recognised over the period to which the services relate. Where service charges have not been invoiced in the period a proportionate amount is accrued for and recognised in prepayments. Service charges invoiced but relating to future periods are deferred and recognised within accruals.

Castle Village Residents Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Critical judgement and estimation uncertainty

In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Castle Village Residents Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the company (excluding directors) during the year, was 0 (2024 - 0).

4

Debtors

	2025  £	2024  £
Trade debtors	-	349
Other debtors	61,353	43,240
Prepayments	7,467	7,680
	68,820	51,269

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	3,242	142
Other creditors	27,745	20,711
Accruals and deferred income	38,131	47,998
	69,118	68,851