CASTLE MOAT DEVELOPMENTS LIMITED - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 03371583 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2016

for

CASTLE MOAT DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

R S Worthington

J D Worthington

REGISTERED OFFICE:

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Wirral

CH62 4UE

BUSINESS ADDRESS:

Suite 139

61 Victoria Road

Surbiton

Surrey

KT6 4JX

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

3

3,018

2,546

CURRENT ASSETS

Stocks

832,167

1,250,994

Debtors

4

167,493

167,493

Cash at bank

3,908

889

1,003,568

1,419,376

CREDITORS

Amounts falling due within one year

5

1,063,380

1,565,243

NET CURRENT LIABILITIES

(59,812

)

(145,867

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(56,794

)

(143,321

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(56,894

)

(143,421

)

SHAREHOLDERS' FUNDS

(56,794

)

(143,321

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 January 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Although at 30 April 2015 the company's liabilities exceeded it's assets by £57,339 the directors

consider it is appropriate to prepare the financial statements on a going concern basis, due to the

continued support of the creditors of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 May 2015

17,799

Additions

1,478

At 30 April 2016

19,277

DEPRECIATION

At 1 May 2015

15,253

Charge for year

1,006

At 30 April 2016

16,259

NET BOOK VALUE

At 30 April 2016

3,018

At 30 April 2015

2,546

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Trade debtors

2,450

2,450

Other debtors

165,043

165,043

167,493

167,493

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Bank loans and overdrafts

610,470

1,015,813

Taxation and social security

350

909

Other creditors

452,560

548,521

1,063,380

1,565,243

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.16

30.4.15

£

£

Bank loans

610,470

1,015,813

The bank loan and overdraft are secured by a debenture dated the 27 October 2015 and a legal

mortgage dated 27 October 2015 including fixed and floating equitable charge over all present and

future freehold and leasehold 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.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

200

Ordinary

£0.50

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2015

(143,421

)

Profit for the year

86,527

At 30 April 2016

(56,894

)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

£

R S Worthington

Balance outstanding at start of year

(151,216

)

(178,433

)

Amounts advanced

103,951

51,000

Amounts repaid

(8,250

)

(23,783

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(55,515

)

(151,216

)

10.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £163,873 (2014 £163,873) due from Milbourne Estates

Limited the ultimate controlling party.

11.	POST BALANCE SHEET EVENTS

On 10 August 2016 200 new £0.50 ordinary shares were issued to Heath Estates Limited and paid for

by a release of £126,487 debt.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Milbourne Estates Limited, a company registered in England and

Wales.

The following reproduces the text of the report prepared for the directors and members 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 2016

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 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

25 January 2017