Castlegate 715 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08858846 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Castlegate 715 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Asplin

R D Birchall

P Isaacs

E Jones

REGISTERED OFFICE:

Yorke House

Arleston Way

Solihull

West Midlands

B90 4LH

REGISTERED NUMBER:

08858846 (England and Wales)

ACCOUNTANTS:

Cox & Co

Chartered Certified Accountants

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Investments

4

989,285

989,285

CREDITORS

Amounts falling due within one year

5

(699,316

)

(691,770

)

NET CURRENT LIABILITIES

(699,316

)

(691,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

289,969

297,515

CREDITORS

Amounts falling due after more than one year

6

(281,425

)

(281,425

)

ACCRUALS AND DEFERRED INCOME

(39,932

)

(39,639

)

NET LIABILITIES

(31,388

)

(23,549

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(32,388

)

(24,549

)

SHAREHOLDERS' FUNDS

(31,388

)

(23,549

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 20 July 2018 and were signed on its behalf by:

M Asplin - Director

1.	STATUTORY INFORMATION

Castlegate 715 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	FIXED ASSET INVESTMENTS

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed to group undertakings

699,037

691,491

Other creditors

279

279

699,316

691,770

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

281,425

281,425

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Other loans

150,000

150,000

Mezzanine loan secured by way of debenture and guarantee.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

1,350

Ordinary A

0.50

675

675

650

Ordinary B

0.50

325

325

1,000

1,000

9.	OTHER FINANCIAL COMMITMENTS

The company has given a guarantee in respect of its subsidiary company's obligations and liabilities and has

given security in respect of its subsidiary's trade receivables finance facility by way of a debenture creating a

fixed and floating charge over its assets.

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY