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

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 2018
CASTLE ESTATES (BRANCEPETH) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2018
CONTENTS
PAGE
Officers and professional advisers
1
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of castle estates (brancepeth) limited
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 OF CASTLE ESTATES (BRANCEPETH) LIMITED
YEAR ENDED 5 APRIL 2018
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 2018, 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
23 July 2018
CASTLE ESTATES (BRANCEPETH) LIMITED
STATEMENT OF FINANCIAL POSITION
5 April 2018
2018
2017
Note
£
£
£
CURRENT ASSETS
Stocks
24,492
24,492
Debtors
4
8,524
7,581
Investments
5
36,624
33,888
Cash at bank and in hand
56,316
57,665
----------
----------
125,956
123,626
CREDITORS: amounts falling due within one year
6
1,065
1,041
----------
----------
NET CURRENT ASSETS
124,891
122,585
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
124,891
122,585
----------
----------
NET ASSETS
124,891
122,585
----------
----------
CAPITAL AND RESERVES
Called up share capital
10,000
10,000
Profit and loss account
114,891
112,585
----------
----------
SHAREHOLDERS FUNDS
124,891
122,585
----------
----------
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 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 comprehensive income has not been delivered.
For the year ending 5 April 2018 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 2018
These financial statements were approved by the board of directors and authorised for issue on 23 July 2018 , 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 2018
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
2018
2017
£
£
Trade debtors
87
413
Other debtors
8,437
7,168
-------
-------
8,524
7,581
-------
-------
5. INVESTMENTS
2018
2017
£
£
Current asset investments
36,624
33,888
---------
---------
The cost of the listed unit trusts as at the balance sheet date was £12,442 (2017 - £12,075).
6. CREDITORS: amounts falling due within one year
2018
2017
£
£
Other creditors
1,065
1,041
-------
-------