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Registration number: 11447404

Duchray Castle Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Duchray Castle Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Duchray Castle Ltd

(Registration number: 11447404)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,699,150

1,566,264

Current assets

 

Debtors

6

10,670

-

Cash at bank and in hand

 

12,290

31,709

 

22,960

31,709

Creditors: Amounts falling due within one year

7

(29,402)

(37,538)

Net current liabilities

 

(6,442)

(5,829)

Total assets less current liabilities

 

1,692,708

1,560,435

Creditors: Amounts falling due after more than one year

7

(1,893,918)

(1,701,140)

Net liabilities

 

(201,210)

(140,705)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(201,310)

(140,805)

Shareholders' deficit

 

(201,210)

(140,705)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Duchray Castle Ltd

(Registration number: 11447404)
Balance Sheet as at 30 September 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 April 2024 and signed on its behalf by:
 

.........................................
Mrs A Malikov
Director

 

Duchray Castle Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Farm, Chilton Foliat
Hungerford
Berkshire
RG17 0TJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. This is based on the continued support of the directors and bank.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Income is deferred on the basis of "date of stay", monies received before service is fulfilled and after the current year end are thereby deferred to the following accounting period.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Duchray Castle Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% Straight Line

Plant & Machinery

25% Reducing Balance

Livestock

10% Straight Line

Fixtures & Fittings

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Duchray Castle Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Other operating income

2023

2022

£

£

Government grants

-

-

Rental income

-

-

Miscellaneous other income

6,782

6,987

6,782

6,987

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Livestock
£

Total
£

Cost or valuation

At 1 October 2022

1,654,539

33,344

52,796

2,500

1,743,179

Additions

126,986

2,153

52,334

-

181,473

At 30 September 2023

1,781,525

35,497

105,130

2,500

1,924,652

Depreciation

At 1 October 2022

128,395

21,478

26,792

250

176,915

Charge for the year

33,070

4,081

11,186

250

48,587

At 30 September 2023

161,465

25,559

37,978

500

225,502

Carrying amount

At 30 September 2023

1,620,060

9,938

67,152

2,000

1,699,150

At 30 September 2022

1,526,144

11,866

26,004

2,250

1,566,264

6

Debtors

2023
£

2022
£

Other debtors

10,670

-

10,670

-

 

Duchray Castle Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

27,257

31,073

Taxation and social security

-

4,545

Other creditors

2,145

1,920

29,402

37,538

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,893,918

1,701,140

 

Duchray Castle Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

27,257

31,073

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

847,583

867,581

Other borrowings

1,046,335

833,559

1,893,918

1,701,140

The bank holds a charge over the assets of the company dated 8 October 2018.

9

Related party transactions

Other transactions with directors

As at 30 September 2023 the company owed the directors £1,046,335 (2022 £833,559).