Abbreviated Company Accounts - CHURCHCASTLE LIMITED
Abbreviated Company Accounts - CHURCHCASTLE LIMITED
Registered Number 04301808
CHURCHCASTLE LIMITED
Abbreviated Accounts
31 March 2015
CHURCHCASTLE LIMITED Registered Number 04301808
Abbreviated Balance Sheet as at 31 March 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Share premium account |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
CHURCHCASTLE LIMITED Registered Number 04301808
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold property improvements Over the term of the lease
Office and IT equipment 25% straight line
Other accounting policies
The accounts contain information about Churchcastle Limited as an individual company and do not contain financial information as the parent of a group. The group which the company heads is a small group and the company is not therefore required to prepare consolidated accounts under s399 of the Companies Act 2006.
Fixed asset investments
Investments in subsidiary undertakings are included at cost, and where material are revalued to the balance sheet value of the subsidiary at the balance sheet date.
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recogniton of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date.
Leasing commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
( |
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 3,301 |
At 31 March 2014 | 2,666 |
3Fixed assets Investments
At 1 April 2014 and 31 March 2015 £1,000
The company holds 20% or more of the share capital of the following companies:
Company Spencer and Mayfair Limited
Shares held/class Ordinary
% 100
Capital & reserves £(4,580)
Profit/(loss) for year£(930)