Calcott Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03688871 (England and Wales)

Financial Statements

for the Year Ended 30 June 2022

for

Calcott Securities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Brayford

Mrs C J Brayford

B A F Brayford

Miss S J W Brayford

J A L Brayford

SECRETARY:

Mrs C J Brayford

REGISTERED OFFICE:

1 The Dell

Moor Park

Northwood

Middlesex

HA6 2HY

REGISTERED NUMBER:

03688871 (England and Wales)

ACCOUNTANTS:

Baverstocks Group Limited

140 Rayne Road

Braintree

CM7 2QR

FIXED ASSETS

Tangible assets

4

659

254

Investment property

5

805,314

805,314

805,973

805,568

CURRENT ASSETS

Investments

6

36

36

Cash at bank

19,516

26,024

19,552

26,060

CREDITORS

Amounts falling due within one year

7

24,839

21,691

NET CURRENT (LIABILITIES)/ASSETS

(5,287

)

4,369

TOTAL ASSETS LESS CURRENT LIABILITIES

800,686

809,937

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

800,684

809,935

SHAREHOLDERS' FUNDS

800,686

809,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 7 October 2022 and were signed on its behalf by:

A P Brayford - Director

1.	STATUTORY INFORMATION

Calcott Securities 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.

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

Turnover represents net rents received, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

1,025

Additions

879

At 30 June 2022

1,904

DEPRECIATION

At 1 July 2021

771

Charge for year

474

At 30 June 2022

1,245

NET BOOK VALUE

At 30 June 2022

659

At 30 June 2021

254

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2021

and 30 June 2022

805,314

NET BOOK VALUE

At 30 June 2022

805,314

At 30 June 2021

805,314

The investment property is shown at its fair value at the Balance Sheet date as valued by the directors. The valuation was made on a fair value basis by reference to market evidence of transaction prices for similar properties.

6.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Unlisted investments

36

36

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

8,436

5,625

Other creditors

14,375

14,375

Directors' loan accounts

-

1

Accrued expenses

2,028

1,690

24,839

21,691

8.

RESERVES

Retained

earnings

£

At 1 July 2021

809,935

Profit for the year

36,634

Dividends

(45,885

)

At 30 June 2022

800,684