Calibre Management Limited Filleted accounts for Companies House (small and micro)

CALIBRE MANAGEMENT LIMITED - Company Information

4 false false false false false false false false false false true false false true true true true true true true true No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6 6 6 xbrli:pure xbrli:shares iso4217:GBP 02133356 2022-01-01 2022-12-31 02133356 2022-12-31 02133356 2021-12-31 02133356 2021-01-01 2021-12-31 02133356 2021-12-31 02133356 2020-12-31 02133356 core:FurnitureFittings 2022-01-01 2022-12-31 02133356 bus:Director3 2022-01-01 2022-12-31 02133356 core:LandBuildings 2021-12-31 02133356 core:FurnitureFittings 2021-12-31 02133356 core:FurnitureFittings 2022-12-31 02133356 core:LandBuildings 2022-01-01 2022-12-31 02133356 core:WithinOneYear 2022-12-31 02133356 core:WithinOneYear 2021-12-31 02133356 core:AfterOneYear 2022-12-31 02133356 core:AfterOneYear 2021-12-31 02133356 core:ShareCapital 2022-12-31 02133356 core:ShareCapital 2021-12-31 02133356 core:RetainedEarningsAccumulatedLosses 2022-12-31 02133356 core:RetainedEarningsAccumulatedLosses 2021-12-31 02133356 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 02133356 core:Non-currentFinancialInstruments 2022-12-31 02133356 core:Non-currentFinancialInstruments 2021-12-31 02133356 core:LandBuildings 2021-12-31 02133356 core:FurnitureFittings 2021-12-31 02133356 bus:SmallEntities 2022-01-01 2022-12-31 02133356 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 02133356 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 02133356 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 02133356 bus:FullAccounts 2022-01-01 2022-12-31 02133356 core:OfficeEquipment 2022-01-01 2022-12-31 02133356 core:OfficeEquipment 2021-12-31 02133356 core:OfficeEquipment 2022-12-31

COMPANY REGISTRATION NUMBER: 02133356

CALIBRE MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2022

CALIBRE MANAGEMENT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

CALIBRE MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2022

	2022		2021
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	664	32,646
Investments	6	6	6
		----	--------
		670	32,652

CURRENT ASSETS

Debtors	7	2,933,157	4,385,001
Cash at bank and in hand		1,309,226	433,144
		------------	------------
		4,242,383	4,818,145

CREDITORS: amounts falling due within one year	8	( 60,903)		( 101,299)
		------------		------------
NET CURRENT ASSETS			4,181,480		4,716,846
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,182,150		4,749,498

CREDITORS: amounts falling due after more than one year	9	( 4,020,437)	( 4,582,781)
		------------	------------
NET ASSETS		161,713	166,717
		------------	------------

CAPITAL AND RESERVES

Called up share capital	2,000	2,000
Profit and loss account	159,713	164,717
	---------	---------
SHAREHOLDERS FUNDS	161,713	166,717
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CALIBRE MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 7 December 2023 , and are signed on behalf of the board by:

S. A. Watkins

Director

Company registration number: 02133356

CALIBRE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 85 Great Portland Street, First Floor, London, W1W 7LT.

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.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

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:

Fixtures and fittings	-	25% reducing balance
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2021: 4 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2022	31,724	2,611	1,979	36,314
Additions	–	–	238	238
Disposals	( 31,724)	–	–	( 31,724)
	--------	-------	-------	--------
At 31 December 2022	–	2,611	2,217	4,828
	--------	-------	-------	--------
Depreciation
At 1 January 2022	–	2,554	1,114	3,668
Charge for the year	–	14	482	496
	--------	-------	-------	--------
At 31 December 2022	–	2,568	1,596	4,164
	--------	-------	-------	--------
Carrying amount
At 31 December 2022	–	43	621	664
	--------	-------	-------	--------
At 31 December 2021	31,724	57	865	32,646
	--------	-------	-------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2022 and 31 December 2022	6
	----
Impairment
At 1 January 2022 and 31 December 2022	–
	----

Carrying amount
At 31 December 2022	6
	----
At 31 December 2021	6
	----

7. Debtors

	2022	2021
	£	£
Trade debtors	72,000	422,088
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,860,112	3,950,253
Other debtors	1,045	12,660
	------------	------------
	2,933,157	4,385,001
	------------	------------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	20,000	20,000
Trade creditors	582	235
Social security and other taxes	28,431	66,932
Other creditors	11,890	14,132
	--------	---------
	60,903	101,299
	--------	---------

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

	2022	2021
	£	£
Bank loans and overdrafts	53,346	73,333
Other creditors	3,967,091	4,509,448
	------------	------------
	4,020,437	4,582,781
	------------	------------

10. Directors' advances, credits and guarantees

At the balance sheet date the directors loan account was £91 (2021: £682). The loan is interest free and repayable on demand.