Castelnau Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03487194

CASTELNAU INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

CASTELNAU INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6	7,134,490	7,115,813
Investments	7	590,004	590,004
		------------	------------
		7,724,494	7,705,817

CURRENT ASSETS

Debtors	8	52,646	63,848
Cash at bank and in hand		10,985	7,309
		--------	--------
		63,631	71,157

CREDITORS: amounts falling due within one year	9	167,343		233,517
		---------		---------
NET CURRENT LIABILITIES			103,712		162,360
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			7,620,782		7,543,457

CREDITORS: amounts falling due after more than one year	10		4,940,000		4,820,000

PROVISIONS	271,357	476,823
	------------	------------
NET ASSETS	2,409,425	2,246,634
	------------	------------

CAPITAL AND RESERVES

Called up share capital	4	4
Share premium account	59,996	59,996
Non distributable reserve	1,169,377	1,014,513
Profit and loss account	1,180,048	1,172,121
	------------	------------
SHAREHOLDERS FUNDS	2,409,425	2,246,634
	------------	------------

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 comprehensive income has not been delivered.

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CASTELNAU INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 November 2025 , and are signed on behalf of the board by:

Mr R G Frankel
Director

Company registration number: 03487194

CASTELNAU INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the amount derived from rental income.

Income tax

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

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:

Equipment	-	25% reducing balance
Fixtures & Fittings	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	8,000
	-------
Amortisation
At 1 April 2024 and 31 March 2025	8,000
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

6. TANGIBLE ASSETS

	Investment properties	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024	7,111,062	4,370	7,918	7,123,350
Additions	667,850	2,322	–	670,172
Disposals	( 650,359)	–	–	( 650,359)
	------------	-------	-------	------------
At 31 March 2025	7,128,553	6,692	7,918	7,143,163
	------------	-------	-------	------------
Depreciation
At 1 April 2024	–	2,736	4,801	7,537
Charge for the year	–	668	468	1,136
	------------	-------	-------	------------
At 31 March 2025	–	3,404	5,269	8,673
	------------	-------	-------	------------
Carrying amount
At 31 March 2025	7,128,553	3,288	2,649	7,134,490
	------------	-------	-------	------------
At 31 March 2024	7,111,062	1,634	3,117	7,115,813
	------------	-------	-------	------------

7. INVESTMENTS

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	4	590,000	590,004
	----	---------	---------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	----	---------	---------

Carrying amount
At 31 March 2025	4	590,000	590,004
	----	---------	---------
At 31 March 2024	4	590,000	590,004
	----	---------	---------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	38,884	42,384
Other debtors	13,762	21,464
	--------	--------
	52,646	63,848
	--------	--------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	29,681	29,684
Social security and other taxes	4,060	105,278
Other creditors	133,602	98,555
	---------	---------
	167,343	233,517
	---------	---------

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,940,000	4,820,000
	------------	------------

The bank loans and overdrafts are secured by legal charges over the assets of the company.

11. RELATED PARTY TRANSACTIONS

Advantage has been taken of the exemption conferred by FRS 102 to wholly owned subsidiary undertakings, not to disclose transactions with other group companies.