Castle Estates (Brancepeth) Limited Filleted accounts for Companies House (small and micro)

CASTLE ESTATES (BRANCEPETH) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 00694922

CASTLE ESTATES (BRANCEPETH) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 April 2021

CASTLE ESTATES (BRANCEPETH) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

CONTENTS	PAGE

Officers and professional advisers	1

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

CASTLE ESTATES (BRANCEPETH) LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mrs S Edkins
	Mr J A Edkins

Company secretary	Mr J A Edkins

Registered office	3 Saddler Street
	Bishop Auckland
	County Durham
	DL14 7BH

Accountants	Allen Sykes Ltd
	Chartered Accountants
	5 Henson Close
	South Church Enterprise Park
	Bishop Auckland
	County Durham
	DL14 6WA

Bankers	Barclays Bank Plc
	Jenkins House
	Bob Hardisty Drive
	Bishop Auckland
	County Durham
	DL14 7YL

CASTLE ESTATES (BRANCEPETH) LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

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 Estates (Brancepeth) Limited for the year ended 5 April 2021, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the directors of Castle Estates (Brancepeth) Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Estates (Brancepeth) Limited and state those matters that we have agreed to state you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castle Estates (Brancepeth) Limited and its directors for our work or for this report.

It is your duty to ensure that Castle Estates (Brancepeth) 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 Estates (Brancepeth) Limited. You consider that Castle Estates (Brancepeth) 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 Estates (Brancepeth) 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.

Allen Sykes Ltd Chartered Accountants

5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA

24 August 2021

CASTLE ESTATES (BRANCEPETH) LIMITED

STATEMENT OF FINANCIAL POSITION

5 April 2021

	2021		2020
Note	£	£	£

CURRENT ASSETS

Stocks		25,701	25,701
Debtors	4	3,483	3,627
Investments	5	43,188	26,707
Cash at bank and in hand		43,038	48,355
		----------	----------
		115,410	104,390

CREDITORS: amounts falling due within one year	6	1,179		1,201
		----------		----------
NET CURRENT ASSETS			114,231	103,189
			----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES			114,231	103,189
			----------	----------
NET ASSETS			114,231	103,189
			----------	----------

CAPITAL AND RESERVES

Called up share capital	10,000	10,000
Profit and loss account	104,231	93,189
	----------	----------
SHAREHOLDERS FUNDS	114,231	103,189
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 5 April 2021 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 .

CASTLE ESTATES (BRANCEPETH) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

5 April 2021

These financial statements were approved by the board of directors and authorised for issue on 12 August 2021 , and are signed on behalf of the board by:

Mr J A Edkins

Director

Company registration number: 00694922

CASTLE ESTATES (BRANCEPETH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Saddler Street, Bishop Auckland, County Durham, DL14 7BH.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

CURRENT ASSET INVESTMENTS

Current asset investments are measured at fair value with changes in fair value being recognised in the profit or loss account.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. DEBTORS

	2021	2020
	£	£
Other debtors	3,483	3,627
	-------	-------

5. INVESTMENTS

	2021	2020
	£	£
Current asset investments	43,188	26,707
	---------	---------

The cost of the listed unit trusts as at the balance sheet date was £13,174 (2020: £13,131).

6. CREDITORS: amounts falling due within one year

	2021	2020
	£	£
Other creditors	1,179	1,201
	-------	-------