Registered number
04301808
Churchcastle Limited
Filleted Accounts
31 March 2017
Churchcastle Limited
Registered number: 04301808
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Intangible assets 3 2,795 658
Tangible assets 4 1,877 2,443
Investments 5 1,001 1,001
5,673 4,102
Current assets
Stocks 50,333 23,761
Debtors 6 414,184 426,083
Cash at bank and in hand 500,315 193,569
964,832 643,413
Creditors: amounts falling due within one year 7 (210,357) (173,204)
Net current assets 754,475 470,209
Net assets 760,148 474,311
Capital and reserves
Called up share capital 440 440
Share premium 174,904 174,904
Profit and loss account 584,804 298,967
Shareholder's funds 760,148 474,311
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 7 September 2017
Churchcastle Limited
Notes to the Accounts
for the year ended 31 March 2017
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 2017 2016
Number Number
Average number of persons employed by the company 3 5
3 Intangible fixed assets £
Website:
Cost
At 1 April 2016 4,928
Additions 3,602
Disposals (900)
At 31 March 2017 7,630
Amortisation
At 1 April 2016 4,270
Provided during the year 1,465
On disposals (900)
At 31 March 2017 4,835
Net book value
At 31 March 2017 2,795
At 31 March 2016 658
The company's website is being written off in equal annual instalments over its estimated economic life of 2 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2016 21,205
Additions 580
Disposals (3,748)
At 31 March 2017 18,037
Depreciation
At 1 April 2016 18,762
Charge for the year 1,146
On disposals (3,748)
At 31 March 2017 16,160
Net book value
At 31 March 2017 1,877
At 31 March 2016 2,443
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2016 1,001
At 31 March 2017 1,001
6 Debtors 2017 2016
£ £
Trade debtors 94,029 62,971
Amounts owed by group undertakings and undertakings in which the company has a participating interest 249,608 247,272
Other debtors 70,547 115,840
414,184 426,083
7 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 32,761 66,440
Corporation tax 76,645 27,756
Other taxes and social security costs 65,495 30,895
Other creditors 35,456 48,113
210,357 173,204
8 Related party transactions 2017 2016
£ £
Wynnington Limited
Subsidiary undertaking
Data share costs charged in the year 301,885 341,772
Amount due from Wynnington Limited 249,608 247,272
Spencer and Mayfair Limited
Subsidiary undertaking
Amount due from Spencer and Mayfair Limited 6,420 5,557
Provision for impairment 6,420 5,557
Worldwind Limited
Parent undertaking
Dividends paid 15,046 5,057
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:
66 Prescot Street
London
E1 8NN
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