REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
PHILIP CASTANG PROPERTIES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
PHILIP CASTANG PROPERTIES LIMITED |
PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PHILIP CASTANG PROPERTIES LIMITED |
COMPANY INFORMATION |
for the year ended 31 MARCH 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205) |
BALANCE SHEET |
31 MARCH 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Capital reserve - Realised |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Philip Castang Properties Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable in respect of the year from investment properties |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2018 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Fair value at 31 March 2018 is represented by: |
£ |
Valuation in 2009 | 1,106,764 |
Valuation in 2010 | 35,543 |
Valuation in 2011 | (38,193 | ) |
Valuation in 2015 | (30,807 | ) |
1,073,307 |
PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2018 |
6. | INVESTMENT PROPERTY - continued |
If investment property had not been revalued it would have been included at the following historical cost: |
31.3.18 | 31.3.17 |
£ | £ |
Cost | 141,840 | 141,840 |
Investment property was valued on a market value basis on 31 March 2015 by the directors . |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Tax |
Other creditors |
Income received in advance | 12,597 | 9,883 |
Accrued expenses |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.18 | 31.3.17 |
£ | £ |
The company's bank loan is secured by way of a charge on one of the company's properties. |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2017 |
and 31 March 2018 |
10. | CONTINGENT LIABILITIES |
There were no contingent liabilities at 31 March 2018. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The beneficial interests of the directors holding office on 31st March 2018 in the issued share capital of the |
company were as follows: |
Ordinary A £1 shares |
31.03.18 | 31.03.17 |
Mr P. Castang | 1401 | 1401 |
Mrs L. Castang | 1400 | 1400 |