Registered number: 03398689 | ||||||||
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FOR THE YEAR ENDED 31/12/2019 | ||||||||
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Carbrooke Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Yvonne Kelsey | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03398689 | ||||||||
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Carbrooke Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Carbrooke Limited | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets |
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Investment Assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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7,522 | 8,200 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES |
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(4,472,206) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | (1,600,985) | (1,642,286) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Carbrooke Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. | ||||||||
The Investment Property has been shown at cost in the periods 2019 and 2018. Measures to determine the fair value of the property in compliance with FRS 102 have been delayed due to the outbreak of Covid-19 and resulting Worldwide pandemic. |
1c. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/01/2019 | 929,924 | 929,924 | ||
At 31/12/2019 | 929,924 | 929,924 | ||
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Carbrooke Limited | ||||||||
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3. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/01/2019 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2019 | 1,899,998 | 1,899,998 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2019 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2018 | 1,899,998 | 1,899,998 | |||||||
At 31 December 2019 and 2018 Abergrave Ltd is a 80% owned subsidiary of the Company. Abergrave Ltd was incorporated in England and Wales and its net book value of £1.9m (measured at cost) is reflected as an investment at both 31 December 2019 and 2018. Abergrave Ltd derives income from property letting and had aggregate capital and reserves at 31 December 2019 of £2,999,070 and made a profit in the year of £35,070. | |||||||||
4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | (2) | ||||||
Prepayments | - | 182 | ||||||
- | 180 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Trade creditors | - | 122 | ||||||
Amounts due to group companies | 4,438,427 | 4,480,284 | ||||||
4,438,427 | 4,480,406 | |||||||
6. EMPLOYEES | ||||||||
2019 | 2018 | |||||||
No. | No. | |||||||
Average number of employees | - | - | ||||||
The Company did not employ any personnel during the period 2019 (2018). | ||||||||
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Carbrooke Limited | ||||||||
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7. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||
8. CONTROLLING PARTY | ||||||||
As at 31 December 2019 the Company is a subsidiary of Newstead Enterprises Ltd, which is incorporated in the British Virgin Islands. | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. GOING CONCERN | ||||||||
The financial statements have been prepared on a Going Concern basis. The shareholder confirmed the financial support of up to 12 months from the date of sign off of the financial statements. | ||||||||
11. POST BALANCE SHEET EVENTS | ||||||||
Blackfish Capital Ltd was sold to AS Liwathon E.O.S. for €1.35m in April 2020. | ||||||||
Lawgra (No.365) Ltd and Brooksford Ltd applied for strike off from the Registrar of Companies in May 2020. | ||||||||
12. PRINCIPLE SUBSIDIARIES | ||||||||
At 31 December 2019 and 2018, Colegate Management Ltd, Edgefield Holdings Ltd, Sokar Ltd, RowCap Nominees Ltd, Inoco Ltd, Lawgra (No.365) Ltd, European Union Properties Ltd, The London and Suburban Land Building Company Ltd, Blackfish Capital Ltd, Beetley Holdings Ltd and Brooksford Ltd were all 100% subsidiaries of the Company. All companies are incorporated in England & Wales. | ||||||||
Colegate Management Ltd had aggregate reserves of (£7.4m), Edgefield Holdings Ltd (£39.5k), Sokar Ltd (£5.1k), RowCap Nominees Ltd £2, Inoco Ltd (£50.1m), Lawgra (No.365) Ltd £405.8k, European Union Properties (£6.7k), The London and Suburban Land and Building Company Ltd (£138.6k), Blackfish Capital Ltd £1.2m, Beetley Holdings Ltd £2 and Brooksford Ltd (£152). Considering its subsidiary undertakings the aggregate net book value to the Company has been valued at £nil. | ||||||||
Redham Ltd, (£10.3k) aggregate reserves, was sold for nil consideration to Madison Capital Ltd, incorporated in Guernsey on 30 September 2019. Carbooke Limited acquired Linley Ltd, incorporated in England and Wales, from its 100% subsidiary Lawgra (No. 365) Ltd on 31 December 2019. |