Registered number
04301808
Churchcastle Limited
Filleted Accounts
31 March 2018
Churchcastle Limited
Registered number: 04301808
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 3 2,115 2,795
Tangible assets 4 2,496 1,877
Investments 5 1,001 1,001
5,612 5,673
Current assets
Stocks 81,623 50,333
Debtors 6 654,720 414,184
Cash at bank and in hand 372,305 500,315
1,108,648 964,832
Creditors: amounts falling due within one year 7 (359,500) (210,357)
Net current assets 749,148 754,475
Net assets 754,760 760,148
Capital and reserves
Called up share capital 440 440
Share premium 174,904 174,904
Profit and loss account 579,416 584,804
Shareholder's funds 754,760 760,148
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W Straub
Director
Approved by the board on 17 July 2018
Churchcastle Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Website:
Cost
At 1 April 2017 7,630
Additions 2,617
Disposals (3,310)
At 31 March 2018 6,937
Amortisation
At 1 April 2017 4,835
Provided during the year 3,297
On disposals (3,310)
At 31 March 2018 4,822
Net book value
At 31 March 2018 2,115
At 31 March 2017 2,795
The company's websites are being written off in equal annual instalments over their estimated economic lives of 2 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2017 18,037
Additions 2,034
Disposals (1,522)
At 31 March 2018 18,549
Depreciation
At 1 April 2017 16,160
Charge for the year 1,209
On disposals (1,316)
At 31 March 2018 16,053
Net book value
At 31 March 2018 2,496
At 31 March 2017 1,877
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2017 1,001
At 31 March 2018 1,001
6 Debtors 2018 2017
£ £
Trade debtors 199,134 94,029
Amounts owed by group undertakings and undertakings in which the company has a participating interest 316,864 249,608
Other debtors 138,722 70,547
654,720 414,184
7 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 66,612 32,761
Corporation tax 172,675 76,645
Other taxes and social security costs 52,094 65,495
Other creditors 68,119 35,456
359,500 210,357
8 Related party transactions 2018 2017
£ £
Wynnington Limited
Subsidiary undertaking
Data share costs charged in the year 562,701 301,885
Amount due from Wynnington Limited 316,864 249,608
Spencer and Mayfair Limited
Subsidiary undertaking
Amount due from Spencer and Mayfair Limited 7,133 6,420
Provision for impairment 7,133 6,420
Worldwind Limited
Parent undertaking
Dividends paid 736,559 15,046
9 Controlling party
The company's immediate and ultimate parent undertaking is Worldwind Limited, a company registered in England and Wales.

No one individual has a controlling interest in Worldwind Limited.
10 Other information
Churchcastle Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Shackleton Court
2 Maritime Quay
London
E14 3QF
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