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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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for |
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Old Castle Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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for |
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Old Castle Limited |
Old Castle Limited (Registered number: 03803163) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Old Castle Limited |
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Company Information |
for the Year Ended 31 July 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Military House |
24 Castle Street |
Chester |
Cheshire |
CH1 2DS |
Old Castle Limited (Registered number: 03803163) |
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Balance Sheet |
31 July 2018 |
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31.7.18 | 31.7.17 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Fair value reserve | 11 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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
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(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. |
Old Castle Limited (Registered number: 03803163) |
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Balance Sheet - continued |
31 July 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Old Castle Limited (Registered number: 03803163) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
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1. | STATUTORY INFORMATION |
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Old Castle Limited is a private company, limited by shares, registered in England & Wales. The company's registered |
number and registered office address can be found on the company information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest |
£1. |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Taxation |
Taxation for the year comprises current 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. |
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Current taxation assets and liabilities are not discounted. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - 2 ). |
Old Castle Limited (Registered number: 03803163) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2017 |
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Additions |
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At 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 August 2017 |
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Revaluations | 500,538 |
At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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Fair value at 31 July 2018 is represented by: |
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Valuation in 2018 | 1,177,000 |
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If the investment properties had not been revalued they would have been included at the following historical cost: |
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31.7.18 | 31.7.17 |
£ | £ |
Cost | 676,462 | - |
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The investment properties were valued on an open market basis on 24 April 2018 by Robertson Simpson and Allied Surveyors |
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Old Castle Limited (Registered number: 03803163) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.18 | 31.7.17 |
£ | £ |
Bank overdraft |
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Bank loans |
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The bank loans and overdraft are secured by a charge over the freehold property of the company. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.18 | 31.7.17 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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11. | RESERVES |
Fair |
value |
reserve |
£ |
Revaluation in year | 405,436 |
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At 31 July 2018 |
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