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EMCASTLE LIMITED - Company Information

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Emcastle Limited

Registered Number:01828120

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Emcastle Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Emcastle Limited

Statement of Financial Position

Registered Number :

01828120

2018

2019

Notes

Fixed assets

Property, plant and equipment

300,000

Current assets

Trade and other receivables

770,508

828,702

68,446

Cash and cash equivalents

25,719

854,421

838,954

Trade and other payables: amounts falling due within one

year

(197,256)

(189,295)

641,698

665,126

Net current assets

Total assets less current liabilities

965,126

941,698

965,126

Net assets

941,698

Capital and reserves

Called up share capital

218,439

Revaluation reserve

174,700

Retained earnings

571,987

548,559

965,126

941,698

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr ANTHONY MAX VAUGHAN READ Director

These financial statements were approved and authorised for issue by the Board on 01 November 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Emcastle Limited

Notes to the Financial Statements

Statutory Information

Emcastle Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

01828120.

Principal place of business:

8 The Crescent

Taunton

Somerset

TA1 4EA

Registered address:

West Walk House

99 Princess Road East

Leicester

LE1 7LF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January, 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this might otherwise have been charged cannot be separately identified or quantified.

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For the year ended 31 March 2019

Emcastle Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Land and

buildings

Cost or

valuation

At 01 April 2018

300,000

At 31 March 2019

300,000

At 31 March 2019

Net book value

300,000

At 31 March 2018

300,000

3. Trade and other receivables

2018

2019

Trade debtors

8,367

Amounts owed by group undertakings and participating interests

820,335

770,508

828,702

Amounts owed by Group undertakigs:Annunciation Ltd. £24,476 (2018 £24,476)Crescent Holdings Ltd. £466,200 (2018 £429,200)Pendine Builders Ltd. £21,500 (2018 £21,500)Tourdell Properties Ltd. £154,978 (2018 £154,978)Three Acorns Investments (2005) Ltd. £51,581 (2018 £38,754)Total £718,735 (2018 £668,908) Loans are outstanding from associated companies as follows:-Myer Construction Limited £98,100 (2018 £98,100)Webneed Limited £1,000 creditor (2018 £1,000 creditor)Majorfactor Limited £3,500 (2017 £3,500)Universal Exports London (1964) Limited £1,000 (2018 £1,000)Total £101,600 (2018 £101,600) These loans are interest free and repayable upon demand.

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For the year ended 31 March 2019

Emcastle Limited

Notes to the Financial Statements Continued

4. Trade and other payables: amounts falling due within one year

2018

2019

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

182,218

182,194

Taxation and social security

5,485

5,095

Accruals and deferred income

1,592

9,967

189,295

197,256

Amounts owed to Group undertakings: Collina Builders Ltd. £163,837 (2018 £163,813)Cardo Construction Ltd. £8,181 (2018 £8,181)Cindra Buildings Ltd. £10,200 (2018 £10,200)Total £182,218 (2018 £182,194)These loans are interest free and repayable upon demand.

5. Related party transactions

The Ultimate Controlling Parties are the Vaughan Read family, UK residents.

The company is a wholly owned subsidiary of Annunciation Ltd., Mr. and Mrs. Vaughan Read are material

shareholders and directors of that company.

6. Average number of persons employed

During the year the average number of employees was 1 (2018 : 1)

7. Parent-subsidary relationship

Emcastle Limited is a wholly owned subsidiary of Annunciation Limited, whose registered office is West Walk House, 99 Princess Road East, Leicester, LE1 7LF.

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