Registered number: 03398689 | ||||||||
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FOR THE YEAR ENDED 31/12/2017 | ||||||||
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Carbrooke Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||
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 31/12/2017 | ||||||||
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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2017 | 2016 | |||||||||
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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44,828 | 45,483 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES |
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(4,573,976) | ||||||||
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 | (1,692,630) | (1,744,056) | ||||||||
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 31/12/2017 | ||||||||||
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. Investment Properties that cannot be measured without undue cost and effort are exempt from revaluation and will continue to be measured at cost. The cost method has been applied for periods 2016 and 2017. As a result deferred tax has not been recognised in those periods. |
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 01/01/2017 | 929,924 | 929,924 | ||
At 31/12/2017 | 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 01/01/2017 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2017 | 1,899,998 | 1,899,998 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2017 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2016 | 1,899,998 | 1,899,998 | |||||||
At 31 December 2017 and 2016 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 2017 and 2016. Abergrave Ltd derives income from property letting and had aggregate capital and reserves at 31 December 2017 of £2,786,555 and made a profit in the year of £39,144. |
4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 3,277 | 1,950 | ||||||
Amounts due from group companies | - | 998 | ||||||
Prepayments | 189 | - | ||||||
3,466 | 2,948 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Trade creditors | - | 1,030 | ||||||
Amounts due to group companies | 4,567,378 | 4,618,429 | ||||||
4,567,378 | 4,619,459 | |||||||
6. EMPLOYEES | ||||||||
2017 | 2016 | |||||||
No. | No. | |||||||
Average number of employees | - | - | ||||||
The Company did not employ any personnel during the period 2017 and 2016. | ||||||||
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Carbrooke Limited | ||||||||
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7. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||
8. CONTROLLING PARTY | ||||||||
As at 31 December 2017 the Company is a subsidiary of Newstead Enterprises Ltd, which is incorporated in the British Virgin Islands. | ||||||||
As at 31 December 2017 the ultimate parent undertaking of Carbrooke Ltd was Albany Settlements Ltd, a company incorporated in the British Virgin Islands. Carbrooke Ltd is ultimately controlled by The Rowland Purpose Trust 2001. | ||||||||
9. RELATED PARTY TRANSACTIONS | ||||||||
10. PRINCIPLE SUBSIDIARIES | ||||||||
At 31 December 2017 and 2016, Colegate Management Ltd, Corpusty Ltd, Edgefield Holdings Ltd, Sokar Ltd, RowCap Nominees Ltd, Inoco Ltd, Lawgra (No.365) Ltd, European Union Properties Ltd, The London and Suburban Land and Building Company Ltd, Ingworth Ltd and Blackfish Capital Ltd were all 100% subsidiaries of the Company. During 2017 Redham Ltd, Beetley Holdings Ltd and Brooksford Ltd were formed. All companies are incorporated in England & Wales. | ||||||||
Colegate Management Ltd had aggregate reserves of (£7.1m), Lawgra £405.8k, Edgefield Holdings Ltd (£30k), Inoco Ltd (£50.1m), European Union Properties (£6.7k), The London and Suburban Land and Building Company Ltd (£138.6k), Blackfish Capital Ltd £64.2k. Considering its subsidiary undertakings the aggregate net book value to the Company has been valued at £nil. | ||||||||
Corpusty Ltd and Ingworth Ltd, both dormant, applied to be struck off from the Registrar of Companies in July 2018. |