REGISTERED NUMBER: |
Berwick Castle Ltd |
Unaudited Financial Statements |
for the Year Ended 28th February 2025 |
REGISTERED NUMBER: |
Berwick Castle Ltd |
Unaudited Financial Statements |
for the Year Ended 28th February 2025 |
Berwick Castle Ltd (Registered number: 11815766) |
Contents of the Financial Statements |
for the year ended 28th February 2025 |
Page |
Company information | 1 |
Balance sheet | 2 | to | 3 |
Notes to the financial statements | 4 | to | 6 |
Berwick Castle Ltd |
Company Information |
for the year ended 28th February 2025 |
Director: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
Berwick Castle Ltd (Registered number: 11815766) |
Balance Sheet |
28th February 2025 |
2025 | 2024 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Revaluation reserve |
Retained earnings |
Berwick Castle Ltd (Registered number: 11815766) |
Balance Sheet - continued |
28th February 2025 |
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 were approved by the director and authorised for issue on |
Berwick Castle Ltd (Registered number: 11815766) |
Notes to the Financial Statements |
for the year ended 28th February 2025 |
1. | Statutory information |
Berwick Castle Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Long leasehold | - |
Office equipment | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
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. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - directors loan accounts, accruals and other loans. |
Directors loans, accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
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 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. |
Berwick Castle Ltd (Registered number: 11815766) |
Notes to the Financial Statements - continued |
for the year ended 28th February 2025 |
2. | Accounting policies - continued |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
Going concern |
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements. |
3. | Employees and directors |
The average number of employees during the year was NIL (2024 - NIL). |
4. | Tangible fixed assets |
Long | Plant and | Office |
leasehold | machinery | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1st March 2024 |
and 28th February 2025 |
Depreciation |
At 1st March 2024 |
Charge for year |
At 28th February 2025 |
Net book value |
At 28th February 2025 | ( |
) |
At 29th February 2024 |
5. | Investment property |
Total |
£ |
Fair value |
At 1st March 2024 |
and 28th February 2025 |
Net book value |
At 28th February 2025 |
At 29th February 2024 |
6. | Debtors: amounts falling due within one year |
2025 | 2024 |
£ | £ |
Other debtors |
Berwick Castle Ltd (Registered number: 11815766) |
Notes to the Financial Statements - continued |
for the year ended 28th February 2025 |
7. | Creditors: amounts falling due within one year |
2025 | 2024 |
£ | £ |
Taxation and social security |
Other creditors |