Castlemead Group Limited - Accounts to registrar (filleted) - small 22.3
Castlemead Group Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| FOR |
| CASTLEMEAD GROUP LIMITED |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CASTLEMEAD GROUP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Grosvenor Road |
| Wrexham |
| LL11 1BT |
| BANKERS: |
| 28, Regent Street |
| Wrexham |
| LL11 1SE |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| BALANCE SHEET |
| 31ST MARCH 2022 |
| 31.3.22 | 31.3.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| BALANCE SHEET - continued |
| 31ST MARCH 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| 1. | STATUTORY INFORMATION |
| Castlemead Group Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st March 2022 |
| DEPRECIATION |
| At 1st April 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2022 |
| NET BOOK VALUE |
| At 31st March 2022 |
| At 31st March 2021 |
| 5. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST |
| At 1st April 2021 |
| and 31st March 2022 |
| PROVISIONS |
| At 1st April 2021 |
| and 31st March 2022 | 10,502 |
| NET BOOK VALUE |
| At 31st March 2022 |
| At 31st March 2021 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Aggregate capital and reserves |
| Loss for the year | ( |
) | ( |
) |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Registered office: Unit 1, Suite 120,Imperial Court,Exchange Street East,Liverpool, Merseyside,L2 3AB |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Aggregate capital and reserves | ( |
) |
| (Loss)/profit for the year | ( |
) |
| Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Aggregate capital and reserves |
| Loss for the year | ( |
) | ( |
) |
| Registered office: Abenbury House, 17 Wilkinson Business Park, Clywedog Road South,Wrexham, LL13 9AE |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| 6. | STOCKS |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Work-in-progress |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Intercompany debtors | 1,877,146 | 1,962,014 |
| Directors' current accounts | 7,617 | 7,617 |
| VAT |
| Deferred tax asset |
| Prepayments and accrued income |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Trade creditors |
| Social security and other taxes |
| VAT | - | 63,300 |
| Other creditors |
| Intercompany creditors | 11,769 | 249,043 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Bank loans (see note 10) |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.22 | 31.3.21 |
| value: | £ | £ |
| Ordinary | £1 | 23,086 | 23,086 |
| 12. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1st April 2021 | 2,452,740 |
| Deficit for the year | ( |
) | ( |
) |
| At 31st March 2022 | 2,446,434 |
| CASTLEMEAD GROUP LIMITED (REGISTERED NUMBER: 02985505) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2022 |
| 13. | CAPITAL COMMITMENTS |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 14. | RELATED PARTY DISCLOSURES |
| During the year transactions were made with companies under common control. |
| At the year end £47,253 (2021 (£47,253) was owed from Castlemead Limited, £1,315,439 (£2021 1,406,505) from Frazer Homes Limited, £494,477 (2021 £494,477) from Frazer Holdings Limited and £19,976 (2021 £13,779) from Bruno Developments Limited. |
| At the year end £205,530 (2021 £216,032) was owed to Castlemead Developments Limited and £6,208 (2021 £33,011) to North West Groundworks and Landscaping Ltd. |
| Management charges were received during the year from North West Groundworks and Landscaping Ltd for £300,000 (2021 £NIL), Castlemead Developments Ltd for £200,000 (2021 £NIL) & Frazer Home Ltd for £150,000 (2021 £100,000), this relates to office overheads and management time. |
| Purchases were made from North West Groundworks and Landscaping Ltd of £906,580 (2021 £748,222) during the year. |
| 15. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Castlemead Limited. |
| The ultimate controlling party is |