Registered number: 03398689 | ||||||||
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FOR THE YEAR ENDED 31/12/2020 | ||||||||
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Carbrooke Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2020 | ||||||||
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 31/12/2020 | ||||||||
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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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets |
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Investment Assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors |
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Cash at bank and in hand |
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24,686 | 7,522 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES |
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(4,430,905) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Profit and loss account | (1,299,575) | (1,600,985) | ||||||||
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 31/12/2020 | ||||||||||
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. |
1c. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1d. 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 01/01/2020 | 929,924 | 929,924 | ||||||
At 31/12/2020 | 929,924 | 929,924 | ||||||
The Investment Property has been shown at cost in the periods 2020 and 2019. 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. | ||||||||
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Carbrooke Limited | ||||||||
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3. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/01/2020 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2020 | 1,899,998 | 1,899,998 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2020 | 1,899,998 | 1,899,998 | |||||||
At 31/12/2019 | 1,899,998 | 1,899,998 | |||||||
At 31 December 2020 and 2019 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 2020 and 2019. Abergrave Ltd derives income from property letting and had aggregate capital and reserves at 31 December 2020 of £3,055,004 and made a profit in the year of £55,934. | |||||||||
Blackfish Capital Ltd was sold to AS Liwathon E.O.S. for €1.35m (£1.243m) in April 2020. The Company had prior to the sale restructured the subsidiary's debt in lieu of a prospective sale and expected income. Funding that had been advanced into the subsidiary and that was not recovered through the sale was subsequently absorbed by the Company. | |||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Amounts due to group companies | 4,154,181 | 4,438,427 | ||||||
4,154,181 | 4,438,427 | |||||||
5. EMPLOYEES | ||||||||
2020 | 2019 | |||||||
No. | No. | |||||||
Average number of employees |
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- | ||||||
The Company did not employ any personnel during the period 2020 (2019). | ||||||||
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Carbrooke Limited | ||||||||
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6. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||
7. CONTROLLING PARTY | ||||||||
As at 31 December 2020 the Company is a subsidiary of Newstead Enterprises Ltd, which is incorporated in the British Virgin Islands. | ||||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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9. 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. | ||||||||
10. POST BALANCE SHEET EVENTS | ||||||||
There are no subsequent events which require amendment or disclosure in these financial statements. | ||||||||
11. PRINCIPLE SUBSIDIARIES | ||||||||
At 31 December 2020 and 2019, Colegate Management Ltd, Edgefield Holdings Ltd, Sokar Ltd, RowCap Nominees Ltd, Inoco Ltd, European Union Properties Ltd, The London and Suburban Land Building Company Ltd, Blackfish Capital Ltd (nee Beetley Holdings Ltd) and Linley Ltd were all 100% subsidiaries of the Company. All companies are incorporated in England & Wales. | ||||||||
Colegate Management Ltd had aggregate reserves of (£7.45m), Edgefield Holdings Ltd (£39.5k), Sokar Ltd (£5.1k), RowCap Nominees Ltd £2, Inoco Ltd (£50.1m), European Union Properties (£6.7k), The London and Suburban Land and Building Company Ltd (£138.6k), Blackfish Capital Ltd (nee Beetley Holdings Ltd) £2 and Linley Ltd (£29.5m). Considering its subsidiary undertakings the aggregate net book value to the Company has been valued at £nil. | ||||||||
Lawgra (No. 365) and Brooksford Ltd applied for strike off from the Registrar of Companies in the period and were struck off in October 2020. |