IRIS Accounts Production v22.1.4.3 03266652 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure032666522020-12-31032666522021-12-31032666522021-01-012021-12-31032666522019-12-31032666522020-01-012020-12-31032666522020-12-3103266652ns16:EnglandWales2021-01-012021-12-3103266652ns15:PoundSterling2021-01-012021-12-3103266652ns11:Director12021-01-012021-12-3103266652ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3103266652ns11:SmallEntities2021-01-012021-12-3103266652ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3103266652ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3103266652ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3103266652ns11:AbridgedAccounts2021-01-012021-12-3103266652ns11:Director22021-01-012021-12-3103266652ns11:Director32021-01-012021-12-3103266652ns11:Director42021-01-012021-12-3103266652ns11:Director52021-01-012021-12-3103266652ns11:CompanySecretary12021-01-012021-12-3103266652ns11:RegisteredOffice2021-01-012021-12-3103266652ns6:CurrentFinancialInstruments2021-12-3103266652ns6:CurrentFinancialInstruments2020-12-3103266652ns6:Non-currentFinancialInstruments2021-12-3103266652ns6:Non-currentFinancialInstruments2020-12-3103266652ns6:ShareCapital2021-12-3103266652ns6:ShareCapital2020-12-3103266652ns6:RetainedEarningsAccumulatedLosses2021-12-3103266652ns6:RetainedEarningsAccumulatedLosses2020-12-31
REGISTERED NUMBER: 03266652 (England and Wales)











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: Mr S J O Catlin
Mrs H M Catlin
Mrs E Berkieta
Ms J Ward
Miss N A Cockell





SECRETARY: Mrs H M Catlin





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 03266652 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
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 13,433,049 13,326,760

CURRENT ASSETS
Stocks 22,140 39,250
Debtors 212,640 34,687
Cash at bank and in hand 23,311 84,401
258,091 158,338
CREDITORS
Amounts falling due within one year 216,295 154,892
NET CURRENT ASSETS 41,796 3,446
TOTAL ASSETS LESS CURRENT LIABILITIES 13,474,845 13,330,206

CREDITORS
Amounts falling due after more than one year 11,775,072 11,330,894
NET ASSETS 1,699,773 1,999,312

CAPITAL AND RESERVES
Called up share capital 4,010,000 4,010,000
Retained earnings (2,310,227 ) (2,010,688 )
SHAREHOLDERS' FUNDS 1,699,773 1,999,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

CATLIN ESTATES LIMITED (REGISTERED NUMBER: 03266652)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 August 2022 and were signed on its behalf by:





Mr S J O Catlin - Director


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 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.

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

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 22 (2020 - 36 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 14,263,165
Additions 215,062
Disposals (39,845 )
At 31 December 2021 14,438,382
DEPRECIATION
At 1 January 2021 936,405
Charge for year 95,392
Eliminated on disposal (26,464 )
At 31 December 2021 1,005,333
NET BOOK VALUE
At 31 December 2021 13,433,049
At 31 December 2020 13,326,760

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).