Castigliano Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03062747

Castigliano Limited

Filleted Unaudited Financial Statements

31 December 2025

Castigliano Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		54,047	30,390

Current assets

Stocks		529,365	535,079
Debtors	6	376,509	357,430
Cash at bank and in hand		31,825	10,104
		---------	---------
		937,699	902,613

Creditors: amounts falling due within one year	7	381,463		372,587
		---------		---------
Net current assets			556,236	530,026
			---------	---------
Total assets less current liabilities			610,283	560,416

Creditors: amounts falling due after more than one year	8	745,133	559,748
		---------	---------
Net (liabilities)/assets		( 134,850)	668
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 134,950)	568
	---------	----
Shareholders (deficit)/funds	( 134,850)	668
	---------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Castigliano Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

Mr C Body

Director

Company registration number: 03062747

Castigliano Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Church, Quicks Road, Wimbledon, SW19 1EX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis as, in the opinion of the directors, the company remains a going concern. As at the date of signing, the Company has no external bank debt and the directors have agreed not to draw on monies owed to them by the company until such a time as the company has sufficient reserves and working capital to make repayments without detriment to the trade.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	10-15% Straight line
Fixtures & fittings	-	15-25% Straight line
Motor vehicles	-	25% straight line
Software	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 17 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Software	Total
	£	£	£	£	£
Cost
At 1 January 2025	26,426	73,834	31,845	29,050	161,155
Additions	127	544	31,309	8,709	40,689
Disposals	–	–	( 31,845)	–	( 31,845)
	--------	--------	--------	--------	---------
At 31 December 2025	26,553	74,378	31,309	37,759	169,999
	--------	--------	--------	--------	---------
Depreciation
At 1 January 2025	22,606	70,350	25,874	11,935	130,765
Charge for the year	543	750	7,905	6,507	15,705
Disposals	–	–	( 30,518)	–	( 30,518)
	--------	--------	--------	--------	---------
At 31 December 2025	23,149	71,100	3,261	18,442	115,952
	--------	--------	--------	--------	---------
Carrying amount
At 31 December 2025	3,404	3,278	28,048	19,317	54,047
	--------	--------	--------	--------	---------
At 31 December 2024	3,820	3,484	5,971	17,115	30,390
	--------	--------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	239,417	237,126
Other debtors	137,092	120,304
	---------	---------
	376,509	357,430
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other loans and overdrafts	18,939	67,228
Trade creditors	86,343	109,322
Amounts owed to connected companies	117,999	38,851
Social security and other taxes	29,522	56,351
Other creditors	128,660	100,835
	---------	---------
	381,463	372,587
	---------	---------

The bank loan is secured by a fixed and floating charge over all the property or undertaking of the company.

The Coronavirus Business Interruption Loan Scheme of £18,939 (2024 - £56,818) is also secured by a partial guarantee from the UK Government, which would only apply in the event that the company becomes unable to meet the repayments.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other loans and overdrafts	–	18,939
Other creditors	745,133	540,809
	---------	---------
	745,133	559,748
	---------	---------

The bank loan is secured by a fixed and floating charge over all the property or undertaking of the company.

The Coronavirus Business Interruption Loan Scheme of £nil (2024 - £18,939) is also secured by a partial guarantee from the UK Government, which would only apply in the event that the company becomes unable to meet the repayments.

The company has taken advantage of the exemption conferred by Section 11.13A of FRS 102 to measure the directors' loan at transaction price on the basis that the company is a small entity and the loan is provided by the directors, who are also shareholders.

9. Directors' advances, credits and guarantees

At 31 December 2025 there was £745,133 (2024 - £540,809) owed to the directors of the company. The directors' loans are interest free and repayable on demand.