Abbreviated Company Accounts - CASTLE NORTH WEST LIMITED

CASTLE NORTH WEST LIMITED - Company Information

NI635066 CASTLE NORTH WEST LIMITED 2016-11-30 false 2015-11-26 2016-11-30 true NI635066 2015-11-26 2016-11-30 NI635066 2016-11-30 NI635066 uk-gaap-cd-bus:Director1 2015-11-26 2016-11-30 NI635066 uk-gaap-cd-bus:Director2 2015-11-26 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-26 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 iso4217:GBP shares

Registered Number NI635066

CASTLE NORTH WEST LIMITED

Abbreviated Accounts

30 November 2016

CASTLE NORTH WEST LIMITED Registered Number NI635066

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,019,781
		1,019,781
Current assets
Debtors		116,356
Cash at bank and in hand		91,870
		208,226
Creditors: amounts falling due within one year		(562,401)
Net current assets (liabilities)		(354,175)
Total assets less current liabilities		665,606
Total net assets (liabilities)		665,606
Capital and reserves
Called up share capital	3	102
Profit and loss account		665,504
Shareholders' funds		665,606

For the year ending 30 November 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 August 2017

And signed on their behalf by:
Frank, Director
Boyd, Director

CASTLE NORTH WEST LIMITED Registered Number NI635066

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting 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
The turnover shown in the profit and loss account represents amounts invoiced during the period.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Fixtures and fittings are not depreciated as these assets are considered unlikely to suffer from economic obsolescence.

Other accounting policies
Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is re-valued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of the share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Controlling party
Brendan and Fiona Boyd are the controlling party of Castle North West Limited by virtue of their shareholding. Each own more than 25% shareholding.

2Tangible fixed assets

	£
Cost
Additions	1,019,781
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	1,019,781
Depreciation
Charge for the year	-
On disposals	-
At 30 November 2016	-
Net book values
At 30 November 2016	1,019,781

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
102 Ordinary shares of £1 each	102