REGISTERED NUMBER: SC615767 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CASTLE-SMITH CONSULTANTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R Castle-Smith

REGISTERED OFFICE:

15 Almondbank

Glenrothes

Fife

KY7 4US

REGISTERED NUMBER:

SC615767 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Tangible assets

4

29,095

38,036

CURRENT ASSETS

Debtors

5

23,464

14,961

Cash at bank

27,344

5,247

50,808

20,208

CREDITORS

Amounts falling due within one year

6

(37,764

)

(26,329

)

NET CURRENT ASSETS/(LIABILITIES)

13,044

(6,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,139

31,915

PROVISIONS FOR LIABILITIES

7

(6,401

)

(8,368

)

NET ASSETS

35,738

23,547

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

35,736

23,545

35,738

23,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2026 and were signed by:

R Castle-Smith - Director

1.	STATUTORY INFORMATION

Castle-Smith Consultants Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE 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.

FEES

Fees represent the value of quantity surveyor services provided during the year, excluding VAT. Fees is recognised when services are performed.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% per annum reducing balance

Fixtures and fittings

-

25% per annum reducing balance

Computer equipment

-

25% per annum reducing balance

Fixed assets are initially recorded at cost.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

87

1,155

50,000

5,914

57,156

Disposals

-

(1,155

)

-

(4,639

)

(5,794

)

At 31 December 2025

87

-

50,000

1,275

51,362

DEPRECIATION

At 1 January 2025

70

935

14,690

3,425

19,120

Charge for year

4

-

7,062

278

7,344

Eliminated on disposal

-

(935

)

-

(3,262

)

(4,197

)

At 31 December 2025

74

-

21,752

441

22,267

NET BOOK VALUE

At 31 December 2025

13

-

28,248

834

29,095

At 31 December 2024

17

220

35,310

2,489

38,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,044

14,474

Other debtors

420

487

23,464

14,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

679

806

Taxation and social security

29,476

22,213

Other creditors

7,609

3,310

37,764

26,329

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,401

8,368

Deferred

tax

£

Balance at 1 January 2025

8,368

Credit to Statement of Income and Retained Earnings during year

(1,967

)

Balance at 31 December 2025

6,401

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

R Castle-Smith

Balance outstanding at start of year

(735

)

(607

)

Amounts advanced

33,102

71,693

Amounts repaid

(34,866

)

(71,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,499

)

(735

)

9.	RELATED PARTY DISCLOSURES

At the end of the year there is an amount of £2,499 (2024 - £735) due to the director from the company.This loan is interest free and has no fixed terms of repayment.

The loan interest was charged to the director at 3.75% on the balances over £10,000 and there are no agreed terms of repayment.