Castle Concerts Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC246364 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Castle Concerts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Mackie

REGISTERED OFFICE:

42 York Place

Edinburgh

EH1 3HU

REGISTERED NUMBER:

SC246364 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

CURRENT ASSETS

Debtors

4

26,193

135,083

Cash at bank and in hand

40,172

8,131

66,365

143,214

CREDITORS

Amounts falling due within one year

5

190,253

298,055

NET CURRENT LIABILITIES

(123,888

)

(154,841

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(123,888

)

(154,841

)

CREDITORS

Amounts falling due after more than one year

6

20,000

30,000

NET LIABILITIES

(143,888

)

(184,841

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(143,988

)

(184,941

)

SHAREHOLDERS' FUNDS

(143,888

)

(184,841

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2024 and were signed by:

M Mackie - Director

1.	STATUTORY INFORMATION

Castle Concerts Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on the going concern basis. While there are negative reserves, the director is confident of the ability of the company to meet its debts as they fall due and to offer such support as required for the company to do so.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover is recognised when the outcome of a transaction can be measured reliability and an event has (or is virtually certain to have) taken place.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

2,400

3,325

Other debtors

23,793

131,758

26,193

135,083

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

34,613

13,855

Other creditors

145,640

274,200

190,253

298,055

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans

20,000

30,000