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REGISTERED NUMBER: 13078966 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 DECEMBER 2020 TO 31 DECEMBER 2021

FOR

CASTLEGATE 789 LIMITED

CASTLEGATE 789 LIMITED (REGISTERED NUMBER: 13078966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 DECEMBER 2020 TO 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CASTLEGATE 789 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 14 DECEMBER 2020 TO 31 DECEMBER 2021







DIRECTOR: J Pavis





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 13078966 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

CASTLEGATE 789 LIMITED (REGISTERED NUMBER: 13078966)

BALANCE SHEET
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Investment property 4 6,356,486

CURRENT ASSETS
Debtors 5 37,600
Cash at bank 321,837
359,437
CREDITORS
Amounts falling due within one year 6 179,870
NET CURRENT ASSETS 179,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,536,053

CAPITAL AND RESERVES
Called up share capital 7 41,250
Share premium 8 6,233,691
Retained earnings 8 261,112
SHAREHOLDERS' FUNDS 6,536,053

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:





J Pavis - Director


CASTLEGATE 789 LIMITED (REGISTERED NUMBER: 13078966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 DECEMBER 2020 TO 31 DECEMBER 2021

1. STATUTORY INFORMATION

Castlegate 789 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rents receivable, excluding vat.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

CASTLEGATE 789 LIMITED (REGISTERED NUMBER: 13078966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 DECEMBER 2020 TO 31 DECEMBER 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 6,356,486
At 31 December 2021 6,356,486
NET BOOK VALUE
At 31 December 2021 6,356,486

On 23 February 2021 investment property was, by way of a demerger agreement, transferred from Castlegate 788 Limited, a company of which the shareholders were common to both companies.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 35,112
Prepayments 2,488
37,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax 64,888
Social security and other taxes 5,970
Accruals and deferred income 109,012
179,870

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
41,250 Ordinary 1 41,250

On 23 February 2021 41,249 Ordinary shares of £1 each were issued in consideration of the acquisition by Castlegate 789 Limited of freehold investment property from Castlegate 788 Limited pursuant to a capital reduction demerger agreement dated 23 February 2021.

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

Profit for the period 261,112 261,112
Arising on demerger - 6,233,691 6,233,691
At 31 December 2021 261,112 6,233,691 6,494,803

CASTLEGATE 789 LIMITED (REGISTERED NUMBER: 13078966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 DECEMBER 2020 TO 31 DECEMBER 2021

9. RELATED PARTY DISCLOSURES

Demerger

On 21 February 2021 by way of a demerger, the company's freehold investment property was transferred from Castlegate 788 Limited , the shareholders of which being common to both companies.