REGISTERED NUMBER: |
CATLIN ESTATES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
REGISTERED NUMBER: |
CATLIN ESTATES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
CATLIN ESTATES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Heritage House |
Murton Way |
Osbaldwick |
York |
North Yorkshire |
YO19 5UW |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
ABRIDGED BALANCE SHEET |
31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2021 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Catlin Estates Limited is a |
The company's principal place of business is Burnhope Estate, Wearhead, Bishop Auckland, County Durham, DL13 1DJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The company depends upon the support of its directors to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of financial support. |
Turnover |
Turnover represents the value of let shooting days and related income, excluding value added tax. |
Income received for let days is recognised in the accounts in the period to which the shoot relates. Any amounts received in advance are treated as deferred income and are included within creditors. |
Tangible fixed assets |
Depreciation is provided at the rates calculated to write off the cost less estimated residual value of each asset over its expected useful life: |
Freehold buildings - 0-2% straight line |
Plant and machinery - 15% reducing balance |
Fixtures, fittings and equipment - 10% reducing balance |
Motor vehicles - 25% reducing balance |
Land which generally has an unlimited useful life is not depreciated. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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. |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
Pension costs and other post-retirement benefits |
The company contributes to a defined contribution pension scheme. Contributions paid during the year are charged in the profit and loss account. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
Government grants |
Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate. |
Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable. |
Capital grants received towards tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2021 |
Additions |
Disposals | ( |
) |
At 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
5. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed a director of Catlin Estates Limited £11,747,740 (2020: £11,302,761). This is included within creditors falling due after more than one year. A personal bank loan of the director is secured on company assets in connection with this balance. |
The directors' loan account is repayable in one year and one day and is interest free. |
At the balance sheet date the amount due to Catlin Settlement in which a director is a trustee, totalled £84,000 (2020: £84,000). |