Old Castle Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03803163

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

Old Castle Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J S M Datnow

Mrs K E Datnow

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

03803163

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Tangible assets

2

730,084

712,751

CURRENT ASSETS

Debtors

160,300

140,300

Cash in hand

3

160,303

140,303

CREDITORS

Amounts falling due within one year

3

(93,367

)

(79,652

)

NET CURRENT ASSETS

66,936

60,651

TOTAL ASSETS LESS CURRENT
LIABILITIES

797,020

773,402

CREDITORS

Amounts falling due after more than one
year

3

(778,447

)

(758,815

)

NET ASSETS

18,573

14,587

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

18,571

14,585

SHAREHOLDERS' FUNDS

18,573

14,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 April 2016 and were signed on its behalf by:

Mrs K E Datnow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

752,917

Additions

18,040

At 31 July 2015

770,957

DEPRECIATION

At 1 August 2014

40,166

Charge for year

707

At 31 July 2015

40,873

NET BOOK VALUE

At 31 July 2015

730,084

At 31 July 2014

712,751

3.

CREDITORS

Creditors include an amount of £ 761,136 (31.7.14 - £ 763,850 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

2

Ordinary

£1

2