Calwool Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10657910 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 March 2020

for

Calwool Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Verdin

C N Kemsley

C M Standish-White

J J Hunter

REGISTERED OFFICE:

Main Office

Station House

Station Road

Barnes

London

SW13 0HT

REGISTERED NUMBER:

10657910 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Investments

4

-

1,782,650

CURRENT ASSETS

Debtors

5

18

598,695

CREDITORS

Amounts falling due within one year

6

-

2,381,327

NET CURRENT ASSETS/(LIABILITIES)

18

(1,782,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18

18

CAPITAL AND RESERVES

Called up share capital

18

18

SHAREHOLDERS' FUNDS

18

18

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 September 2020 and were signed on its behalf by:

C M Standish-White - Director

1.	STATUTORY INFORMATION

Calwool Ltd is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Facility and participation fees are included on an accruals basis, unless specifically provided for.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Other

loans

£

At 30 March 2019

1,782,650

Repayment in year

(1,782,650

)

At 29 March 2020

-

The loans are secured by a second legal charge over the properties known as Ogilby House, Wellington Street,

Woolwich and personal guarantees, which were repaid on 6 December 2019. The facility fees were charged at a

rate of 18% per annum.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.20

29.3.19

£

£

Facility fees receivable

-

598,677

Unpaid share capital

18

18

18

598,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.20

29.3.19

£

£

Participation fees payable

-

387,316

Management fees payable

-

211,361

Loans payable

-

1,782,650

-

2,381,327

The loans were repaid on 6 December 2019. Fees were charged at a rate of 12% per annum of the loan capital

balance.