Castle Court Funeral Home Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04610534 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

CASTLE COURT FUNERAL HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

A J Humphrey

A Humphrey

SECRETARY:

James de Frias Limited

REGISTERED OFFICE:

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

REGISTERED NUMBER:

04610534 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

FIXED ASSETS

Tangible assets

4

277,306

289,030

CURRENT ASSETS

Stocks

6,338

6,037

Debtors

5

34,658

60,608

40,996

66,645

CREDITORS

Amounts falling due within one year

6

100,740

123,560

NET CURRENT LIABILITIES

(59,744

)

(56,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

217,562

232,115

PROVISIONS FOR LIABILITIES

29,465

36,100

NET ASSETS

188,097

196,015

CAPITAL AND RESERVES

Called up share capital

650

650

Revaluation reserve

8

153,900

153,900

Retained earnings

33,547

41,465

SHAREHOLDERS' FUNDS

188,097

196,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:

A J Humphrey - Director

A Humphrey - Director

1.	STATUTORY INFORMATION

Castle Court Funeral Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2022

and 31 December 2022

250,000

779

435,037

659

686,475

DEPRECIATION

At 1 January 2022

-

779

396,007

659

397,445

Charge for year

-

-

11,724

-

11,724

At 31 December 2022

-

779

407,731

659

409,169

NET BOOK VALUE

At 31 December 2022

250,000

-

27,306

-

277,306

At 31 December 2021

250,000

-

39,030

-

289,030

Cost or valuation at 31 December 2022 is represented by:

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2008

190,000

-

-

-

190,000

Cost

60,000

779

435,037

659

496,475

250,000

779

435,037

659

686,475

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.22

31.12.21

£

£

Cost

60,000

60,000

Value of land in freehold land and buildings

60,000

60,000

Freehold property was valued on an open market basis on 31 December 2008 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 January 2022

and 31 December 2022

46,897

DEPRECIATION

At 1 January 2022

7,869

Charge for year

11,724

At 31 December 2022

19,593

NET BOOK VALUE

At 31 December 2022

27,304

At 31 December 2021

39,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

15,482

33,558

Amounts recoverable on contract

18,290

26,256

Other debtors

886

794

34,658

60,608

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

22,043

21,945

Hire purchase contracts

-

12,458

Trade creditors

28,226

23,951

Taxation and social security

46,041

59,207

Other creditors

4,430

5,999

100,740

123,560

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Bank overdrafts

22,043

21,945

Hire purchase contracts

-

12,458

22,043

34,403

The bank loans are secured by a charge over the company's assets. The hire purchase liability is secured by a charge over the assets financed by those agreements.

8.

RESERVES

Revaluation

reserve

£

At 1 January 2022

and 31 December 2022

153,900

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22

31.12.21

£

£

A J Humphrey

Balance outstanding at start of year

(94

)

150

Amounts advanced

82,396

77,835

Amounts repaid

(83,300

)

(78,079

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(998

)

(94

)

A Humphrey

Balance outstanding at start of year

(445

)

150

Amounts advanced

80,794

72,734

Amounts repaid

(80,900

)

(73,329

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(551

)

(445

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Humphrey.

During the year the company was under the control of Mr A J Humphrey a majority shareholder and director.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castle Court Funeral Home Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Castle Court Funeral Home Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Court Funeral Home Limited and state those matters that we have agreed to state to the Board of Directors of Castle Court Funeral Home Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castle Court Funeral Home Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Castle Court Funeral Home Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle Court Funeral Home Limited. You consider that Castle Court Funeral Home Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castle Court Funeral Home Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

14 December 2023