Company No:
Contents
DIRECTOR | Ruth Demenis |
SECRETARY | Michael Demenis |
REGISTERED OFFICE | The Holt |
Lower Aisholt | |
Bridgwater | |
Somerset | |
TA5 1AS | |
United Kingdom |
COMPANY NUMBER | 00723902 (England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
Stratus House | |
Emperor Way | |
Exeter Business Park | |
Exeter | |
EX1 3QS |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
|
|
|
2,775,000 | 2,775,000 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
285,009 | 235,056 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
|
(
|
|
Net current liabilities | (180,334) | (220,436) | ||
Total assets less current liabilities | 2,594,666 | 2,554,564 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
|
(
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 7 |
|
|
|
Share premium account |
|
|
||
Other reserves |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of Castle Offices (Bridgwater) Limited (registered number:
Ruth Demenis
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Castle Offices (Bridgwater) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered company number is 00723902. The address of the Company's registered office is the Holt, Lower Aisholt, Bridgwater, Somerset, TA5 1AS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Castle Offices (Bridgwater) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
The fair value is determined annually by the director, on an open market value for existing use basis.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 April 2021 |
|
As at 31 March 2022 |
|
Valuation
The 2022 valuations were made by the director on an open market for existing use basis.
2022 | 2021 | ||
£ | £ | ||
Trade debtors |
|
|
|
Prepayments |
|
|
|
Other debtors |
|
|
|
|
|
2022 | 2021 | ||
£ | £ | ||
Bank loans (secured) |
|
|
|
Amounts owed to director |
|
|
|
Other creditors |
|
|
|
Accruals |
|
|
|
Corporation tax |
|
|
|
Other taxation and social security |
|
|
|
|
|
2022 | 2021 | ||
£ | £ | ||
Bank loans (secured) |
|
|
|
Other creditors |
|
|
|
1,188,552 | 1,244,544 |
Amounts repayable after more than 5 years are included in creditors falling due over one year:
2022 | 2021 | ||
£ | £ | ||
Bank loans (secured / repayable by instalments) |
|
|
2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
|
|
|
|
|
20,505 | 20,505 |
Transactions with the entity's director
During the year the director maintained a current account with the company. At the year end the amount owed to the director was £212,083 (2021: £212,083). The loan is interest free and there are no fixed repayment terms.