CASTLE MOAT DEVELOPMENTS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03371583 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

CASTLE MOAT DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

R S Worthington

J D Worthington

REGISTERED OFFICE:

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Wirral

CH62 4UE

REGISTERED NUMBER:

03371583 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

956

1,275

CURRENT ASSETS

Stocks

836,417

832,167

Debtors

5

160,581

151,882

Investments

6

1

1

Cash at bank

5,129

9,507

1,002,128

993,557

CREDITORS

Amounts falling due within one year

7

3,883

2,264

NET CURRENT ASSETS

998,245

991,293

TOTAL ASSETS LESS CURRENT LIABILITIES

999,201

992,568

CREDITORS

Amounts falling due after more than one year

8

868,212

864,105

NET ASSETS

130,989

128,463

CAPITAL AND RESERVES

Called up share capital

10

200

200

Share premium

11

169,470

169,470

Retained earnings

11

(38,681

)

(41,207

)

SHAREHOLDERS' FUNDS

130,989

128,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2021 and were signed on its behalf by:

R S Worthington - Director

1.	STATUTORY INFORMATION

CASTLE MOAT DEVELOPMENTS 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.

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

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 May 2019

and 30 April 2020

19,277

DEPRECIATION

At 1 May 2019

18,002

Charge for year

319

At 30 April 2020

18,321

NET BOOK VALUE

At 30 April 2020

956

At 30 April 2019

1,275

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

160,581

151,882

6.	CURRENT ASSET INVESTMENTS

30.4.20

30.4.19

£

£

Unlisted investments

1

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts

1,619

-

Other creditors

2,264

2,264

3,883

2,264

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans

741,818

741,818

Other creditors

126,394

122,287

868,212

864,105

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.20

30.4.19

£

£

Bank overdraft

1,619

-

Bank loans

741,818

741,818

743,437

741,818

The bank loan and overdraft are secured by a legal mortgage dated 5 March 2019 including fixed and floating equitable charge over freehold property: First Fixed Charge, among other things, book and other debts, chattels, goodwill and uncalled capital, both present and future given by Castle Moat Developments Limited.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.20

30.4.19

value:

£

£

400

Ordinary

£0.50

200

200

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2019

(41,207

)

169,470

128,263

Profit for the year

2,526

2,526

At 30 April 2020

(38,681

)

169,470

130,789

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2020 and 30 April 2019:

30.4.20

30.4.19

£

£

R S Worthington

Balance outstanding at start of year

-

(23,089

)

Amounts advanced

-

29,089

Amounts repaid

(2,055

)

(6,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,055

)

-

J D Worthington

Balance outstanding at start of year

(104,583

)

(195,573

)

Amounts advanced

-

91,595

Amounts repaid

(2,052

)

(605

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(106,635

)

(104,583

)

13.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £5,819 (2019: £nil) owed to Alderley Estates Limited, a company that has similar directors and shareholders.

Included in other debtors is an amount of £154,762 (2019: £151,762) owed to Milbourne Estates Limited, a company that has similar directors and shareholders.

14.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CASTLE MOAT DEVELOPMENTS LIMITED for the year ended 30 April 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CASTLE MOAT DEVELOPMENTS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CASTLE MOAT DEVELOPMENTS LIMITED and state those matters that we have agreed to state to the Board of Directors of CASTLE MOAT DEVELOPMENTS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CASTLE MOAT DEVELOPMENTS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CASTLE MOAT DEVELOPMENTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CASTLE MOAT DEVELOPMENTS LIMITED. You consider that CASTLE MOAT DEVELOPMENTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CASTLE MOAT DEVELOPMENTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

13 April 2021