Callerigroup UK Limited Filleted accounts

CALLERIGROUP UK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09643326

Callerigroup UK Limited

Filleted Unaudited Financial Statements

30 June 2022

Callerigroup UK Limited

Statement of Financial Position

30 June 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	6		86,541	98,507

Current assets

Debtors	7	203,845	197,368
Cash at bank and in hand		658,203	1,257,982
		---------	------------
		862,048	1,455,350

Creditors: amounts falling due within one year	8	40,448		92,476
		---------		------------
Net current assets			821,600	1,362,874
			---------	------------
Total assets less current liabilities			908,141	1,461,381

Creditors: amounts falling due after more than one year	9	60,189	60,940
		---------	------------
Net assets		847,952	1,400,441
		---------	------------

Capital and reserves

Called up share capital	600	1,000
Profit and loss account	847,352	1,399,441
	---------	------------
Shareholder funds	847,952	1,400,441
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Callerigroup UK Limited

Statement of Financial Position (continued)

30 June 2022

These financial statements were approved by the board of directors and authorised for issue on 23 June 2023 , and are signed on behalf of the board by:

Mr. Riccardo Calleri
Director

Company registration number: 09643326

Callerigroup UK Limited

Notes to the Financial Statements

Year ended 30 June 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat B, 3 Duck Lane, London, W1F 0HU, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Vessel	-	10% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Tax on profit/(loss)

Major components of tax expense/(income)

	2022	2021
	£	£

Current tax:

UK current tax income	–	( 66,304)
Foreign current tax expense	23,265	–
	--------	--------
Total current tax	23,265	( 66,304)
	--------	--------
	--------	--------
Tax on profit/(loss)	23,265	( 66,304)
	--------	--------

6. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 July 2021 and 30 June 2022	104,099	16,202	120,301
	---------	--------	---------
Depreciation
At 1 July 2021	9,847	11,947	21,794
Charge for the year	10,410	1,556	11,966
	---------	--------	---------
At 30 June 2022	20,257	13,503	33,760
	---------	--------	---------
Carrying amount
At 30 June 2022	83,842	2,699	86,541
	---------	--------	---------
At 30 June 2021	94,252	4,255	98,507
	---------	--------	---------

7. Debtors

	2022	2021
	£	£
Trade debtors	21,511	87,932
Corporation tax repayable	66,304	66,304
Other debtors	116,030	43,132
	---------	---------
	203,845	197,368
	---------	---------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	17,586	69,119
Accruals and deferred income	18,862	14,038
Social security and other taxes	394	5,713
Other creditors	3,606	3,606
	--------	--------
	40,448	92,476
	--------	--------

9. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	60,189	60,940
	--------	--------

10. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 other than Dividend paid during the year for Euro 700,000.