Accounts Submission

CASTLE DEVELOPMENTS (DEVON) LTD - Company Information

Company Accounts and Tax Online 10975742 Board of Directors 1.1.19 31.12.19 31.12.19 No description of principal activity false iso4217:GBP xbrli:pure 10975742 2017-09-21 2018-12-31 10975742 2019-12-31 10975742 2019-01-01 2019-12-31 10975742 2018-12-31 10975742 countries:EnglandWales 2019-01-01 2019-12-31 10975742 curr:PoundSterling 2019-01-01 2019-12-31 10975742 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 10975742 uk-bus:FRS102 2019-01-01 2019-12-31 10975742 uk-bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 10975742 uk-bus:AbridgedAccounts 2019-01-01 2019-12-31 10975742 uk-bus:RegisteredOffice 2019-01-01 2019-12-31 10975742 uk-bus:Director1 2019-01-01 2019-12-31 10975742 uk-bus:Director1 2019-01-01 10975742 uk-bus:Director1 2019-12-31 10975742 core:AfterOneYear 2019-12-31 10975742 core:AfterOneYear 2018-12-31 10975742 core:WithinOneYear 2019-12-31 10975742 core:WithinOneYear 2018-12-31 10975742 core:WithinOneYear 2019-01-01 2019-12-31 10975742 core:AfterOneYear 2019-12-31 10975742 core:AfterOneYear 2018-12-31 10975742 core:AfterOneYear 2019-01-01 2019-12-31 10975742 core:ShareCapital 2019-12-31 10975742 core:ShareCapital 2018-12-31 10975742 core:RevaluationReserve 2019-12-31 10975742 core:RevaluationReserve 2018-12-31 10975742 core:RetainedEarningsAccumulatedLosses 2019-12-31 10975742 core:RetainedEarningsAccumulatedLosses 2018-12-31 10975742 core:Associate1 2019-01-01 2019-12-31 10975742 core:Associate1 2018-12-31 10975742 core:Associate1 2019-12-31 10975742 core:Associate1 2019-01-01 2019-12-31 10975742 1 2019-01-01 2019-12-31

Company Registration Number:
10975742 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

Contents of the Financial Statements

for the Period Ended 31 December 2019


Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Balance sheet

As at 31 December 2019

	Notes	2019 £	15 months to 31 Dec 2018 £
Fixed assets
Total fixed assets:		-	-
Current assets
Stocks:		158,294	591,590
Debtors:	4	2,000
Cash at bank and in hand:		8,902	27,461
Total current assets:		169,196	619,051
Creditors: amounts falling due within one year:	5	( 50,129 )	( 620,670 )
Net current assets (liabilities):		119,067	( 1,619 )
Total assets less current liabilities:		119,067	( 1,619 )
Total net assets (liabilities):		119,067	( 1,619 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2019

	2019 £	15 months to 31 Dec 2018 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	118,967	( 1,719 )
Shareholders funds:	119,067	( 1,619 )

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period 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.

This report was approved by the board of directors on 31 December 2020
And Signed On Behalf Of The Board By:

Name: Martin Young
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured as the consideration received, net of VAT. Revenue is recognised when the significant risks and rewards of ownership have been transferred to the purchaser at legal completion.

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

	2019	15 months to 31 Dec 2018
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Debtors

Property, including land held under development, acquired or being constructed for sale in the ordinary course of business, is held as stock and work in progress and is measured at the lower of cost and net realisable value.

Work In Progress comprises of the invoiced value of the goods purchased and including labour.

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Creditors: amounts falling due within one year note

At the year end, Castle Developments (Devon) Limited working capital loan from Swanmoor Limited, an unconnected company, amounted to £15,511.

Notes to the Financial Statements

for the Period Ended 31 December 2019

6.1.Related party disclosures

Name of related party:	Martin Young as WT Young and Son
Description of relationship:
The Director Martin Young trades as WT Young & Son, a builder and supplied services to Castle Developments (Devon) Limited for the building of private homes.
Description of the transaction:
During the course of the year, WT Young & Son, contracted with the company for the provision of supply of building services to Castle Developments (Devon) Limited. The value of the services provided, invoiced and paid during the course of the year amounted to £491,039.
Balance at 01 January 2019	114,520
Balance at 31 December 2019	0

Building services were provided by Martin Young, trading as WT Young & Son, on an arms length basis.



Registered office:		Shorleigh Farm Tawstock Barnstaple GBR EX31 3HX


Company Registration Number:		10975742 (England and Wales)

Accounts Submission