2022-04-01 2023-03-31 false No description of principal activity Capium Accounts Production 1.1 04163971 bus:AbridgedAccounts 2022-04-01 2023-03-31 04163971 bus:FRS102 2022-04-01 2023-03-31 04163971 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04163971 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04163971 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04163971 2022-04-01 2023-03-31 04163971 2023-03-31 04163971 bus:RegisteredOffice 2022-04-01 2023-03-31 04163971 core:WithinOneYear 2023-03-31 04163971 core:AfterOneYear 2023-03-31 04163971 bus:Director1 2022-04-01 2023-03-31 04163971 bus:Director1 2023-03-31 04163971 bus:Director1 2021-04-01 2022-03-31 04163971 bus:Director2 2022-04-01 2023-03-31 04163971 bus:Director2 2023-03-31 04163971 bus:Director2 2021-04-01 2022-03-31 04163971 2021-04-01 04163971 bus:CompanySecretary1 2022-04-01 2023-03-31 04163971 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 04163971 2021-04-01 2022-03-31 04163971 2022-03-31 04163971 core:WithinOneYear 2022-03-31 04163971 core:AfterOneYear 2022-03-31 04163971 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 04163971 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04163971 bus:OrdinaryShareClass1 2023-03-31 04163971 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 04163971 bus:OrdinaryShareClass1 2022-03-31 04163971 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 04163971 bus:OrdinaryShareClass2 2023-03-31 04163971 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 04163971 bus:OrdinaryShareClass2 2022-03-31 04163971 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 04163971 bus:OrdinaryShareClass3 2023-03-31 04163971 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 04163971 bus:OrdinaryShareClass3 2022-03-31 04163971 core:PlantMachinery 2022-04-01 2023-03-31 04163971 core:PlantMachinery 2023-03-31 04163971 core:PlantMachinery 2022-03-31 04163971 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 04163971 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 04163971 core:NetGoodwill 2022-04-01 2023-03-31 04163971 core:NetGoodwill 2023-03-31 04163971 core:NetGoodwill 2022-03-31 04163971 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 04163971 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 04163971 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 04163971 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 04163971 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 04163971 core:Non-currentFinancialInstruments 2023-03-31 04163971 core:Non-currentFinancialInstruments 2022-03-31 04163971 core:ShareCapital 2023-03-31 04163971 core:ShareCapital 2022-03-31 04163971 core:RetainedEarningsAccumulatedLosses 2023-03-31 04163971 core:RetainedEarningsAccumulatedLosses 2022-03-31 04163971 dpl:Item1 2022-04-01 04163971 dpl:Item1 2023-03-31 04163971 dpl:Item1 2021-04-01 04163971 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04163971


 

 

 

CALIBER FINANCIAL ASSOCIATES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Report to the directors on the preparation of the unaudited statutory accounts of Caliber Financial Associates Limited for the year ended 31 March 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Caliber Financial Associates Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Caliber Financial Associates Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Caliber Financial Associates Limited and state those matters that we have agreed to state to the Board of Directors of Caliber Financial Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Caliber Financial Associates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Caliber Financial Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Caliber Financial Associates Limited. You consider that Caliber Financial Associates Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Caliber Financial Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ending 31 March 2023.



....................................................
Baranov Associates Ltd
4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
27 September 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 1    1 
Tangible fixed assets 4 639    895 
640    896 
Current assets      
Debtors: amounts falling due within one year 92,877    76,911 
Cash at bank and in hand 713,390    722,496 
806,267    799,407 
Creditors: amount falling due within one year (307,393)   (337,190)
Net current assets 498,874    462,217 
 
Total assets less current liabilities 499,514    463,113 
Net assets 499,514    463,113 
 

Capital and reserves
     
Called up share capital 5 23,600    23,600 
Profit and loss account 475,914    439,513 
Shareholder's funds 499,514    463,113 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 September 2023 and were signed on its behalf by:


-------------------------------
Andrew Norman
Director
2
General Information
Caliber Financial Associates Limited is a private company, limited by shares, registered in , registration number 04163971, registration address Unit 18 Harmill Industrial Estate, Grovebury Road, Leighton Buzzard, Bedfordshire, LU7 4FF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 10,000    10,000 
Additions  
Disposals  
At 31 March 2023 10,000    10,000 
Amortisation
At 01 April 2022 9,999    9,999 
Charge for year  
On disposals  
At 31 March 2023 9,999    9,999 
Net book values
At 31 March 2023 1    1 
At 31 March 2022 1    1 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2022 2,154    2,154 
Additions  
Disposals  
At 31 March 2023 2,154    2,154 
Depreciation
At 01 April 2022 1,259    1,259 
Charge for year 256    256 
On disposals  
At 31 March 2023 1,515    1,515 
Net book values
Closing balance as at 31 March 2023 639    639 
Opening balance as at 01 April 2022 895    895 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
19,500 'A' Ordinary shares of £1.00 each 19,500    19,500 
4,000 'B' Ordinary shares of £1.00 each 4,000    4,000 
23,600    23,600 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Caliber Financial Management Ltd(1,529,912)(1,544,584)(99,957)(164,738)
A D Norman
F K Financial Ltd(453,548)(539,413)(31,497)(44,056)
P McAneney

This company's regulatory management is handled by Caliber Financial Associates Ltd, accordingly commission and fee income payable to Caliber Financial Management Ltd is paid through Caliber Financial Associates Ltd.
Mr A D Norman is a director and holds 11.25% (2022: 6.93%) of the issued ordinary 'A' shares. He is also a director of F K Financial Ltd and owns 56.0% of the issued share capital of that company.
This company's regulatory management is handled by Caliber Financial Associates Ltd, accordingly commission and fee income payable to F K Financial Ltd is paid through Caliber Financial Associates Ltd.
Mr P McAneney is a director and holds 11.25% (2022: 6.93%) of the issued ordinary 'A' shares. He is also a director of Caliber Financial Management Ltd and owns 77.77% of the issued ordinary share capital of that company.
3