Company Registration No. 10499845 (England and Wales)
Castle Homes 1974 Ltd
Unaudited accounts
for the year ended 30 November 2021
Castle Homes 1974 Ltd
Unaudited accounts
Contents
Castle Homes 1974 Ltd
Company Information
for the year ended 30 November 2021
Director
Mr Alan Geoffrey Castledine
Company Number
10499845 (England and Wales)
Registered Office
Hollywood House
Chine Avenue
Shanklin
Isle of Wight
PO37 6AQ
UNITED KINGDOM
Accountants
Caryn March Accountants Limited
7 St Edmunds Walk
Wootton Bridge
Ryde
Isle of Wight
PO33 4JB
Castle Homes 1974 Ltd
Statement of financial position
as at
30 November 2021
Investment property
800,000
800,000
Cash at bank and in hand
23,235
3,852
Creditors: amounts falling due within one year
(649,163)
(648,607)
Net current liabilities
(625,928)
(644,755)
Net assets
174,072
155,245
Called up share capital
100
100
Revaluation reserve
84,642
84,642
Profit and loss account
89,330
70,503
Shareholders' funds
174,072
155,245
For the year ending 30 November 2021 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 27 July 2022 and were signed on its behalf by
Mr Alan Geoffrey Castledine
Director
Company Registration No. 10499845
Castle Homes 1974 Ltd
Notes to the Accounts
for the year ended 30 November 2021
Castle Homes 1974 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10499845. The registered office is Hollywood House, Chine Avenue, Shanklin, Isle of Wight, PO37 6AQ, 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.
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.
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.
4
Average number of employees
During the year the average number of employees was 0 (2020: 0).