CASTLE_ROCK_PROPERTIES_LT - Accounts

CASTLE ROCK PROPERTIES LIMITED - Company Information

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Company Registration No. 00656814 (England and Wales)

CASTLE ROCK PROPERTIES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

CASTLE ROCK PROPERTIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CASTLE ROCK PROPERTIES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

4,832,321

4,752,233

Current assets

Stocks

14,594

12,778

Debtors

1,515,834

865,988

Cash at bank and in hand

512,459

1,116,352

2,042,887

1,995,118

Creditors: amounts falling due within one year

(303,831)

(275,977)

Net current assets

1,739,056

1,719,141

Total assets less current liabilities

6,571,377

6,471,374

Provisions for liabilities

(24,297)

(25,759)

6,547,080

6,445,615

Capital and reserves

Called up share capital

3,500,101

Profit and loss account

3,046,979

2,945,514

Shareholders' funds

6,547,080

6,445,615

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on .........................

..............................

Ms K A Fuller

Mrs M M Gibson

Director

Company Registration No. 00656814

CASTLE ROCK PROPERTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line on freehold buildings

Fixtures, fittings & equipment

15% reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Net surpluses are credited to the revaluation reserve. Any deficit arising on revaluation which is expected to be permanent is written off to the profit and loss account. Other deficits on revaluation not expected to be permanent are taken to the statement of total recognised gains and losses.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), 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 directors 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 which might otherwise have been charged cannot be separately identified or quantified.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

No provision has been made for deferred tax on gains recognised on revaluing property to its market value as the company does not intend to sell the revalued assets.

CASTLE ROCK PROPERTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2013

5,340,099

Additions

745,185

Disposals

(631,419)

At 30 June 2014

5,453,865

Depreciation

At 1 July 2013

587,866

Charge for the year

33,678

At 30 June 2014

621,544

Net book value

At 30 June 2014

4,832,321

At 30 June 2013

4,752,233

Share capital

2014

2013

Allotted, called up and fully paid

3,500,101 Ordinary shares of £1 each

3,500,101