Calgarth Properties Limited - Accounts to registrar (filleted) - small 22.3

Calgarth Properties Limited - Accounts to registrar (filleted) - small 22.3

CALGARTH PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04714103 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

CALGARTH PROPERTIES LIMITED
Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS








CALGARTH PROPERTIES LIMITED (REGISTERED NUMBER: 04714103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALGARTH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: P L Appelt
Mrs K Appelt





SECRETARY: P L Appelt





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





BUSINESS ADDRESS: Pickhill Farm House
Smallhythe Road
Tenterden
Kent
TN30 7LZ





REGISTERED NUMBER: 04714103 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS
Page 1
CALGARTH PROPERTIES LIMITED (REGISTERED NUMBER: 04714103)

BALANCE SHEET
31 JANUARY 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Cash at bank and in hand 19,506 17,410

CREDITORS
Amounts falling due within one year 5 195,240 189,640
NET CURRENT LIABILITIES (175,734 ) (172,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
224,266
227,770

PROVISIONS FOR LIABILITIES 2,771 -
NET ASSETS 221,495 227,770

CAPITAL AND RESERVES
Called up share capital 120 120
Revaluation reserve 6 112,236 112,236
Retained earnings 109,139 115,414
221,495 227,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
CALGARTH PROPERTIES LIMITED (REGISTERED NUMBER: 04714103)

BALANCE SHEET - continued
31 JANUARY 2022


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 25 October 2022 and were signed on its behalf by:




P L Appelt - Director



Mrs K Appelt - Director


The notes form part of these financial statements

Page 3
CALGARTH PROPERTIES LIMITED (REGISTERED NUMBER: 04714103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Calgarth Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 4 continued...
CALGARTH PROPERTIES LIMITED (REGISTERED NUMBER: 04714103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021
and 31 January 2022 400,000
NET BOOK VALUE
At 31 January 2022 400,000
At 31 January 2021 400,000

Fair value at 31 January 2022 is represented by:
£   
Valuation in 2019 348,942
Valuation in 2020 (236,706 )
Cost 287,764
400,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Amounts owed to group undertakings 186,243 186,243
Other creditors 8,997 3,397
195,240 189,640

6. RESERVES
Revaluation
reserve
£   
At 1 February 2021
and 31 January 2022 112,236

7. ULTIMATE CONTROLLING PARTY

The controlling party is Speed 9763 Limited, a company registered in England & Wales..

The ultimate controlling party is P L Appelt.

Page 5