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REGISTERED NUMBER: 01806540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CELTBROOK LTD

CELTBROOK LTD (REGISTERED NUMBER: 01806540)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CELTBROOK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: C N E Ostroumoff
J W P Ostroumoff
T H A Ostroumoff
A B D Ostroumoff





REGISTERED OFFICE: St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY





REGISTERED NUMBER: 01806540 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House
Castle Street
TAUNTON
Somerset
TA1 4AY

CELTBROOK LTD (REGISTERED NUMBER: 01806540)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,375,000 2,375,000
2,375,000 2,375,000

CURRENT ASSETS
Debtors 6 60,265 109,090
Cash at bank 173,932 163,666
234,197 272,756
CREDITORS
Amounts falling due within one year 7 38,298 34,394
NET CURRENT ASSETS 195,899 238,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,570,899

2,613,362

CREDITORS
Amounts falling due after more than one
year

8

(650,413

)

(696,000

)

PROVISIONS FOR LIABILITIES 10 (123,132 ) (93,580 )
NET ASSETS 1,797,354 1,823,782

CAPITAL AND RESERVES
Called up share capital 11 100,100 100,100
Fair value reserve 12 1,093,990 1,093,990
Retained earnings 12 603,264 629,692
SHAREHOLDERS' FUNDS 1,797,354 1,823,782

CELTBROOK LTD (REGISTERED NUMBER: 01806540)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




J W P Ostroumoff - Director



T H A Ostroumoff - Director


CELTBROOK LTD (REGISTERED NUMBER: 01806540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Celtbrook Ltd 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

CELTBROOK LTD (REGISTERED NUMBER: 01806540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 3,654
DEPRECIATION
At 1 December 2022
and 30 November 2023 3,654
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 2,375,000
NET BOOK VALUE
At 30 November 2023 2,375,000
At 30 November 2022 2,375,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 1983 55,162
Valuation in 2009 640,366
Valuation in 2016 (22,458 )
Valuation in 2017 50,000
Valuation in 2018 165,000
Valuation in 2019 280,000
Valuation in 2021 10,000
Valuation in 2022 50,000
Cost 1,146,930
2,375,000

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Other debtors 5,852 9,090

CELTBROOK LTD (REGISTERED NUMBER: 01806540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS - continued
30.11.23 30.11.22
£    £   
Amounts falling due after more than one year:
Other debtors 54,413 100,000

Aggregate amounts 60,265 109,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 10,309 13,384
Other creditors 27,989 21,010
38,298 34,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 596,000 596,000
Other creditors 54,413 100,000
650,413 696,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 596,000 596,000

The bank loans are secured by a first legal charge over the freehold property Barnside Motors, High Street, Cookham, Maidenhead, Berkshire and its associated assets, and mortgages over the freehold properties 118 High Street, Honiton, Devon and Banzai, High Street, Cookham, Maidenhead, Berkshire. On 21 February 2020 the company gave the bank a fixed and floating charge over all of the company's property and undertakings to secure all of its obligations to the bank.

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 123,132 93,580

Deferred
tax
£   
Balance at 1 December 2022 93,580
Investment property provision 29,552
Balance at 30 November 2023 123,132

CELTBROOK LTD (REGISTERED NUMBER: 01806540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100,100 A - E Ordinary £1 100,100 100,100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 629,692 1,093,990 1,723,682
Profit for the year 13,572 13,572
Dividends (40,000 ) (40,000 )
At 30 November 2023 603,264 1,093,990 1,697,254

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the four directors who hold all of the share capital.