REGISTERED NUMBER: 03266652 (England and Wales)

CATLIN ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr S J O Catlin

Mrs H M Catlin

Mrs E Berkieta

Ms J Ward

Miss N A Cockell

SECRETARY:

Mrs H M Catlin

REGISTERED OFFICE:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

REGISTERED NUMBER:

03266652 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Tangible assets

4

8,395,464

8,324,199

CURRENT ASSETS

Stocks

28,592

31,397

Debtors

3,143,533

15,006,438

Cash at bank and in hand

468,933

24,426

3,641,058

15,062,261

CREDITORS

Amounts falling due within one year

275,681

715,602

NET CURRENT ASSETS

3,365,377

14,346,659

TOTAL ASSETS LESS CURRENT LIABILITIES

11,760,841

22,670,858

CREDITORS

Amounts falling due after more than one year

5

5,174,445

15,430,820

NET ASSETS

6,586,396

7,240,038

CAPITAL AND RESERVES

Called up share capital

4,010,000

4,010,000

Retained earnings

2,576,396

3,230,038

SHAREHOLDERS' FUNDS

6,586,396

7,240,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr S J O Catlin - Director

1.	STATUTORY INFORMATION

Catlin Estates 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 company's principal place of business is Flakebridge Estate, Appleby-in-Westmorland, CA16 6JZ.

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.

Going Concern

The company depends upon the support of its directors to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of financial support.

Turnover

Turnover represents the value of let shooting days and related income, excluding value added tax.

Income received for let days is recognised in the accounts in the period to which the shoot relates. Any amounts received in advance are treated as deferred income and are included within creditors.

Tangible fixed assets

Depreciation is provided at the rates calculated to write off the cost less estimated residual value of each asset over its expected useful life:

Freehold buildings - 0-2% straight line

Plant and machinery - 15% reducing balance

Fixtures, fittings and equipment - 10% reducing balance

Motor vehicles - 25% reducing balance

Land which generally has an unlimited useful life is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial liabilities

Short term creditors are measured at transaction price.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

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 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.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions paid during the year are charged in the profit and loss account. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Government grants

Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable.

Capital grants received towards tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

8,572,476

Additions

132,615

Disposals

(48,030

)

At 31 December 2024

8,657,061

DEPRECIATION

At 1 January 2024

248,277

Charge for year

40,926

Eliminated on disposal

(27,606

)

At 31 December 2024

261,597

NET BOOK VALUE

At 31 December 2024

8,395,464

At 31 December 2023

8,324,199

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable otherwise than by instalments

Bank loan

-

5,325,098

In the prior year ended 31 December 2023, the bank loan was stated net of unamortised transaction costs amounting to £74,902. During the current year ended 31 December 2024, the loan was fully settled. As a result, the transaction costs have been fully amortised to the income statement in the current period.

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

-

5,400,000

The bank loan was secured by way of fixed charges over the company's land and property. During the year ended 31 December 2024, the loan was fully settled following the sale of the land and property to which the security related.

7.	RELATED PARTY DISCLOSURES