Castlelink Properties Limited - Accounts to registrar (filleted) - small 18.2
Castlelink Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| CASTLELINK PROPERTIES LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| CASTLELINK PROPERTIES LIMITED (REGISTERED NUMBER: 03292903) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 4 |
| CASTLELINK PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor |
| 94 Stamford Hill |
| London |
| N16 6XS |
| CASTLELINK PROPERTIES LIMITED (REGISTERED NUMBER: 03292903) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| CASTLELINK PROPERTIES LIMITED (REGISTERED NUMBER: 03292903) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Castlelink Properties Limited is a |
| Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the historical cost basis, as modified to include |
| investment properties measured at fair value through profit or loss. |
| Significant judgements and estimates |
| The preparation of the financial statements requires management to make judgements, estimates and |
| assumptions that affect the amounts reported. These estimates and judgements are continually |
| reviewed and are based on experience and other factors, including expectations of future events that |
| are believed to be reasonable under the circumstances. |
| Turnover |
| Turnover is recognised at the fair value of the consideration receivable in respect of services provided |
| in the normal course of business. The turnover of the company is represented by rents and charges |
| receivable in respect of the company's investment portfolio. |
| Investment property |
| Investment property is initially recorded at cost, which includes purchase price and any directly |
| attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair |
| value are recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
| Account, 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2016 - 1 ). |
| CASTLELINK PROPERTIES LIMITED (REGISTERED NUMBER: 03292903) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2017 |
| and 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| The investment properties are stated at directors' valuations. The valuation was made on an open |
| market value basis, based on similar properties in the same location. |
| The historical cost of investment properties at 31 December 2017 is £86,959. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 4,331 | 5,336 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2017 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 December 2017 |
| Deferred tax arises from the revaluation of investment properties. |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 January 2017 |
| Transfer deferred tax from retained earnings |
1,005 |
| At 31 December 2017 |