| Callistus Developments Limited |
| Registered number: |
08446970 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
7,250 |
|
|
7,250 |
|
| Current assets |
| Debtors |
3 |
|
7,703 |
|
|
3,676 |
| Cash at bank and in hand |
|
|
8,259 |
|
|
2,221 |
|
|
|
15,962 |
|
|
5,897 |
|
| Creditors: amounts falling due within one year |
4 |
|
(13,219) |
|
|
(6,830) |
|
| Net current assets/(liabilities) |
|
|
|
2,743 |
|
|
(933) |
|
| Net assets |
|
|
|
9,993 |
|
|
6,317 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
9,893 |
|
|
6,217 |
|
| Shareholders' funds |
|
|
|
9,993 |
|
|
6,317 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr R J Bedford |
| Director |
| Approved by the board on 10 December 2018 |
|
| Callistus Developments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 1 |
Accounting policies |
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), hereafter referred to as "FRS 102 S1A". |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2017 |
7,250 |
|
|
At 31 March 2018 |
7,250 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
7,703 |
|
3,676 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Corporation tax |
12,739 |
|
6,273 |
|
Other creditors |
480 |
|
557 |
|
|
|
|
|
|
13,219 |
|
6,830 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
2018 |
|
2017 |
|
The following company is a related parties by virtue of common directorships. At 31 March, the following loan balance was outstanding, provided interest-free, unsecured and repayable upon demand. |
£ |
£ |
|
|
Management charges received from related parties |
|
Cadman Screeding & Underfloor Heating Limited |
77,787 |
|
40,330 |
|
|
|
|
|
|
|
|
|
|
Director's Loan Account |
|
The director is a related party to the company. At 31 March the company (owed) / was owed by the related party the following balances, provided interest free, unsecured and repayable upon demand. |
|
7,703 |
|
(17) |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
The director and one other shareholder are the joint controlling parties, by virtue of their respective 50% shareholdings in the company's issued share capital. |
|
|
| 7 |
Other information |
|
Callistus Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Cadman House |
|
Wharf Road |
|
Sale |
|
Manchester |
|
M33 2AF |
