Castle Sunbury Limited - Accounts to registrar (filleted) - small 23.2.5
Castle Sunbury Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| FOR |
| CASTLE SUNBURY LIMITED |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| CASTLE SUNBURY LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chilworth Point |
| 1 Chilworth Road |
| Southampton |
| SO16 7JQ |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| BALANCE SHEET |
| 30 OCTOBER 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| The director acknowledges his 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. |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| BALANCE SHEET - continued |
| 30 OCTOBER 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| 1. | STATUTORY INFORMATION |
| Castle Sunbury Limited is a |
| The presentation currency of the financial statements is Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date. |
| INVESTMENT PROPERTY |
| Investment property is carried at fair value determined by the directors, professional external valuers may be used as and when the directors feel it is necessary. Fair value is derived from current market rents and investment property yields from comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The directors continuously monitor the fair value of the property and if a material movement occurs this will be included in the financial statements. Changes in fair value are recognised in the profit and loss. No depreciation is provided. |
| TAXATION |
| Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| RENTS RECEIVABLE |
| Other operating income represents the amounts receivable by the company, in respect of property letting services provided. |
| Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity. |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| SHORT TERM DEBTORS AND CREDITORS |
| Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised in the income statement in other operating expenses. |
| CASH AND CASH EQUIVALENTS |
| Cash and short-term deposits included in the Balance Sheet comprise cash in hand and short-term deposits with an original maturity of three months or less. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2021 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 November 2021 |
| and 30 October 2022 |
| DEPRECIATION |
| At 1 November 2021 |
| Charge for period |
| At 30 October 2022 |
| NET BOOK VALUE |
| At 30 October 2022 |
| At 31 October 2021 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2021 |
| Revaluations | 55,000 |
| At 30 October 2022 |
| NET BOOK VALUE |
| At 30 October 2022 |
| At 31 October 2021 |
| Fair value at 30 October 2022 is represented by: |
| £ |
| Valuation in 2019 | 1,142,200 |
| Valuation in 2022 | 55,000 |
| Cost | 187,800 |
| 1,385,000 |
| The investment properties were valued in February 2022 at fair value as determined by Carter Jonas, an independent, professionally qualified valuer. The valuations were undertaken in accordance with the Royal Institution of Chartered Surveyors' Appraisal and Valuation Manual. Details on the assumptions made are given in note 2. |
| CASTLE SUNBURY LIMITED (REGISTERED NUMBER: 11542408) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Amounts owed by group undertakings |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Other creditors |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 2-5 years |
| 9. | SECURED DEBTS |
| Any bank borrowing facility used during the year is secured by a charge over the investment properties held by the company. |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 November 2021 |
| Transfer to fair value | 55,000 |
| At 30 October 2022 |
| 11. | CAPITAL COMMITMENTS |
| At 30 October 2022 the company had no contractual commitments for the acquisition of fixed assets (31 October 2021: £nil). |
| 12. | RELATED PARTY DISCLOSURES |
| At the beginning of the year the company was owed £442,658 by associated companies. During the year various transactions took place and as a result of this the company is owed £474,789 by the associated companies at the balance sheet date. The loan is repayable on demand, no interest is being charged on the loan and no security has been provided on this balance. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the parent company, Sheriol Thirty-Two Limited whose registered office and principal place of business is 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, SO16 7JQ. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| CASTLE SUNBURY LIMITED |
| The following reproduces the text of the report prepared for the director 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 Director 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 Sunbury Limited for the period ended 30 October 2022 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 director of Castle Sunbury Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Sunbury Limited and state those matters that we have agreed to state to the director of Castle Sunbury Limited 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 Sunbury Limited and its director for our work or for this report. |
| It is your duty to ensure that Castle Sunbury 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 Sunbury Limited. You consider that Castle Sunbury Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Castle Sunbury 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. |
| Chartered Accountants |
| Chilworth Point |
| 1 Chilworth Road |
| Southampton |
| SO16 7JQ |
| Date: ............................................. |