Company Registration No. 10536700 (England and Wales)
CASTLEGATE HOMES LINCOLN LIMITED
Unaudited accounts
for the year ended 31 December 2025
CASTLEGATE HOMES LINCOLN LIMITED
Unaudited accounts
Contents
CASTLEGATE HOMES LINCOLN LIMITED
Company Information
for the year ended 31 December 2025
Directors
Robert Leonard John Goodridge
Jason Robert Goddridge
Company Number
10536700 (England and Wales)
Registered Office
Willerby Lodge, Bransby Fields
Sturton By Stow
Lincoln
United Kingdom
LN1 2SA
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
CASTLEGATE HOMES LINCOLN LIMITED
Statement of financial position
as at 31 December 2025
Tangible assets
83,913
39,828
Investment property
200,000
-
Inventories
90,000
1,468,466
Cash at bank and in hand
531,878
33,640
Creditors: amounts falling due within one year
(173,996)
(823,389)
Net current assets
456,188
694,052
Total assets less current liabilities
740,101
733,880
Creditors: amounts falling due after more than one year
(2,500)
(12,500)
Provisions for liabilities
Deferred tax
(32,770)
(23,544)
Other provisions
(46,661)
(75,000)
Net assets
658,170
622,836
CASTLEGATE HOMES LINCOLN LIMITED
Statement of financial position
as at 31 December 2025 (continued)
Called up share capital
100
100
Capital contribution reserve
500,000
500,000
Profit and loss account
158,070
122,736
Shareholders' funds
658,170
622,836
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by
Robert Leonard John Goodridge
Director
Company Registration No. 10536700
CASTLEGATE HOMES LINCOLN LIMITED
Notes to the Accounts
for the year ended 31 December 2025
CASTLEGATE HOMES LINCOLN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10536700. The registered office is Willerby Lodge, Bransby Fields, Sturton By Stow, Lincoln, United Kingdom, LN1 2SA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completed construction.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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.
CASTLEGATE HOMES LINCOLN LIMITED
Notes to the Accounts
for the year ended 31 December 2025
Hire Purchase & Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CASTLEGATE HOMES LINCOLN LIMITED
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
72,292
35,145
-
5,792
113,229
Additions
-
-
52,050
-
52,050
At 31 December 2025
72,292
35,145
52,050
5,792
165,279
At 1 January 2025
52,480
18,095
-
2,826
73,401
Charge for the year
3,963
3,409
-
593
7,965
At 31 December 2025
56,443
21,504
-
3,419
81,366
At 31 December 2025
15,849
13,641
52,050
2,373
83,913
At 31 December 2024
19,812
17,050
-
2,966
39,828
At 31 December 2025
200,000
This property
104 Ramsey Drive, Lincoln, Lincolnshire
has been taken in part exchange against the sale of Plot 2.
The part exchange value comprised of Building £200,000 and Fixtures and Fittings of £52,050
Work in progress
90,000
1,460,550
Raw materials at cost as at December 31st 2025 held in inventory amounted to: £0.00
Land-bank south side of: Tillbridge Lane.
Plot 3. £45,000
Plot 4. £45,000
CASTLEGATE HOMES LINCOLN LIMITED
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Amounts falling due after more than one year
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
610,448
Trade creditors
65,011
51,011
Taxes and social security
-
844
Loans from directors
97,590
159,691
An initial BBL is in place for £50,000 over a 5yr term with a fixed
interest rate of 2.5% pa to date the current liability is £10,000
Directors loan account balances stand at £97,590
The directors appreciated these monies are supporting the company and future withdrawal's would take place in line with positive cash flows.
9
Creditors: amounts falling due after more than one year
2025
2024
A bounce back loan is in place with the high street bankers to the original value of: £50,000
Interest of 2.5% pa is accruing over 5 yr. term.
to date £2,500 falling due after 12 months
Yr 2. ££2,500
CASTLEGATE HOMES LINCOLN LIMITED
Notes to the Accounts
for the year ended 31 December 2025
10
Deferred taxation
2025
2024
Accelerated capital allowances
32,770
23,544
Provision at start of year
23,544
23,544
Charged to the profit and loss account
9,226
-
Provision at end of year
32,770
23,544
A deferred taxation reserve has been created of some £32,770 cumulative to date due to accelerated capital allowances.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
11
Provisions for liabilities
£
At 31 December 2025
46,661
On purchase of the new site it has been agreed to create this provision due to drainage issues and provision of utility services.
The utility services are now installed and the site drainage issue has been addressed.
As at the period end date all four plots required the clear top soil to be replaced too 600mm below surface to be compliant. Therefore the remaining provision has been left in place to support this process of £75,000
Of the £75,000 provision some £28,339 has been used leaving the remaining balance of some £46,661 to be used against the remaining Plots 3 & 4
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
13
Capital commitments
2025
2024
No further capital commitments at the date of these statements. were in place
The directors have SIPP pensions in place and have the option of placing up to £60,000 per director, per annum into the pensions, under the current rules.
15
Average number of employees
During the year the average number of employees was 3 (2024: 3).