Castalian Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05868098 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Castalian Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Souesi

REGISTERED OFFICE:

89B Brondesbury Road

London

NW6 6BB

REGISTERED NUMBER:

05868098 (England and Wales)

ACCOUNTANTS:

Effective Accounting Solutions Ltd

3 The Willows

Mill Farm Courtyard

Beachampton

Milton Keynes

Buckinghamshire

MK19 6DS

CURRENT ASSETS

Debtors

5

90

9,990

Cash at bank

35,964

36,894

36,054

46,884

CREDITORS

Amounts falling due within one year

6

(15,253

)

(11,337

)

NET CURRENT ASSETS

20,801

35,547

TOTAL ASSETS LESS CURRENT LIABILITIES

20,801

35,547

CAPITAL AND RESERVES

Called up share capital

7

190

190

Retained earnings

8

20,611

35,357

SHAREHOLDERS' FUNDS

20,801

35,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 October 2017 and were signed by:

S Souesi - Director

1.	STATUTORY INFORMATION

Castalian 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. 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 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.

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 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2016

and 31 July 2017

3,051

DEPRECIATION

At 1 August 2016

and 31 July 2017

3,051

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

-

9,900

Other debtors

90

90

90

9,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Tax

11,885

6,674

Social security and other taxes

(1,384

)

(1,384

)

VAT

3,485

5,379

Directors' current accounts

1,267

668

15,253

11,337

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

100

Ordinary

£1

100

100

90

Ordinary

£1

90

90

190

190

8.

RESERVES

Retained

earnings

£

At 1 August 2016

35,357

Profit for the year

48,549

Dividends

(63,295

)

At 31 July 2017

20,611