Registered Number 04301808

CHURCHCASTLE LIMITED

Abbreviated Accounts

31 March 2016

CHURCHCASTLE LIMITED Registered Number 04301808

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,101 3,301
Investments 3 1,001 1,000
4,102 4,301
Current assets
Stocks 23,761 15,770
Debtors 426,083 335,394
Cash at bank and in hand 193,569 170,344
643,413 521,508
Creditors: amounts falling due within one year (173,204 ) (147,566 )
Net current assets (liabilities) 470,209 373,942
Total assets less current liabilities 474,311 378,243
Total net assets (liabilities) 474,311 378,243
Capital and reserves
Called up share capital 4 440 440
Share premium account 174,904 174,904
Profit and loss account 298,967 202,899
Shareholders' funds 474,311 378,243

  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 November 2016

And signed on their behalf by:
W Straub, Director

CHURCHCASTLE LIMITED Registered Number 04301808

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods supplied to customers and work carried out in respect of direct response and mail order services provided to customers during the year.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Leasehold property improvements Over term of lease
Office and IT equipment 25% straight line

Other accounting policies
Group accounts
The accounts contain information about Churchcastle Limited as an individual company and do not contain consolidated financial information as the parent of a group. The group which the company heads is a small group and the company is not therefore required to prepare consolidated accounts under s399 of the Companies Act 2006.

Fixed asset investments
Investments in subsidiary undertakings are included in the accounts at cost, and where material are revalued to the balance sheet value of the subsidiary at the balance sheet date.

Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2 Tangible fixed assets
£
Cost
At 1 April 2015 23,937
Additions 2,196
Disposals -
Revaluations -
Transfers -
At 31 March 2016 26,133
Depreciation
At 1 April 2015 20,636
Charge for the year 2,396
On disposals -
At 31 March 2016 23,032
Net book values
At 31 March 2016 3,101
At 31 March 2015 3,301

3 Fixed assets Investments
Cost
At 1 April 2015 1,000
Additions 1
At 31 March 2016 1,001

The company holds 20% or more of the share capital of the following companies:

Company Wynnington Limited Spencer and Mayfair Limited
Shares held
Class Ordinary Ordinary
% 100 100
Capital and reserves 1,527 (5,509)
Profit/(loss) for the year 441 (929)

4 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
44,000 Ordinary shares of £0.01 each 440 440