Castlemeade Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05116384 (England and Wales)

Financial Statements for the Year Ended 31 December 2018

for

Castlemeade Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr P F Butler

Mr R J Rogers

SECRETARY:

Mrs J Rogers

REGISTERED OFFICE:

3c Buildings

Mark Road

Hemel Hempstead

Hertfordshire

HP2 7DN

REGISTERED NUMBER:

05116384 (England and Wales)

FIXED ASSETS

Tangible assets

4

950,637

496,614

CURRENT ASSETS

Stocks

300,000

-

Debtors

5

738,958

932,396

1,038,958

932,396

CREDITORS

Amounts falling due within one year

6

(1,560,595

)

(1,037,609

)

NET CURRENT LIABILITIES

(521,637

)

(105,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

429,000

391,401

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

428,999

391,400

SHAREHOLDERS' FUNDS

429,000

391,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2019 and were signed on its behalf by:

Mr R J Rogers - Director

1.	STATUTORY INFORMATION

Castlemeade Homes 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.

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.

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

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.

Fixed assets

All fixed assets are initially recorded at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2018

487,141

50,651

537,792

Additions

455,799

-

455,799

At 31 December 2018

942,940

50,651

993,591

DEPRECIATION

At 1 January 2018

-

41,178

41,178

Charge for year

-

1,776

1,776

At 31 December 2018

-

42,954

42,954

NET BOOK VALUE

At 31 December 2018

942,940

7,697

950,637

At 31 December 2017

487,141

9,473

496,614

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

238,996

227,059

Other debtors

499,962

705,337

738,958

932,396

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

86,375

94,168

Trade creditors

44,517

15,652

Taxation and social security

6,681

662

Other creditors

1,423,022

927,127

1,560,595

1,037,609