Directors |
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Company Number |
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Registered Office | 314 Regents Park Road |
Finchley | |
London | |
N3 2JX | |
Auditors | Kalculus |
119 Marylebone Road | |
London | |
NW1 5PU | |
2023
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2022
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£
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£
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Turnover
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4,017,195
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3,038,860
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Profit after tax
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1,664,447
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1,407,515
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Mortgage Advances
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23,553,754
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19,192,947
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Trade Creditors
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1,452,309
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3,929,685
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Retained Earning
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22,487,390
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20,822,943
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Director
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10 October 2023
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Director
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for and on behalf of
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Kalculus
119 Marylebone Road
London
NW1 5PU
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING PROFIT | 4 |
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Loss on disposal of fixed assets |
( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
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Tangible Assets | 13 |
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Investments | 14 |
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CURRENT ASSETS | |||||
Debtors | 15 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
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Capital redemption reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 22,561,006 | 20,896,559 | |||
Director
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Share Capital | Capital Redemption | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 February 2021 |
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19,489,044 |
Profit for the year and total comprehensive income | - | - |
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1,407,515 |
As at 31 January 2022 and 1 February 2022 |
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20,896,559 |
Profit for the year and total comprehensive income | - | - |
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1,664,447 |
As at
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22,561,006 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
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Interest paid |
( |
( |
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Tax paid |
( |
( |
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Net cash (used in)/generated from operating activities |
( |
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Cash flows from investing activities | ||||
Purchase of intangible assets |
( |
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Purchase of tangible assets |
( |
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Proceeds from disposal of tangible assets |
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Interest received |
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Net cash (used in)/generated from investing activities |
( |
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Cash flows from financing activities | ||||
Amount introduced by directors | 2,869,571 | - | ||
Amount withdrawn by directors | (173) | - | ||
Net cash generated from financing activities | 2,869,398 | - | ||
(Decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at beginning of year | 2 | 1,849,176 | 820,209 | |
Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit | 383,879 | 331,453 | |
Interest expense | 496,463 | 106,642 | |
Interest income | (34) | (5,261) | |
Depreciation of tangible assets | 2,712 | 3,476 | |
Profit on disposal of tangible assets | 2,349 | - | |
Movements in working capital: | |||
Increase in trade and other debtors | (4,477,722) | (460,088) | |
Decrease in trade and other creditors | (959,344) | (111,994) | |
Net cash (used in)/generated from operations |
( |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at
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Cash flows | As at
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£ | £ | £ | |
Cash at bank and in hand |
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(872,522) |
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Finance leases | - | - | - |
Debts falling due within one year |
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- |
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Debts falling due after more than one year | - | - | - |
1,849,176 | (872,522) | 976,654 | |
Plant & Machinery |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
Interest on Mortgage Advances | 2,930,033 | 1,490,527 | |
Management Fees Receivable | 1,073,865 | 1,518,714 | |
Sundry Income | 13,297 | 29,619 | |
4,017,195 | 3,038,860 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | 367,795 | 7,004 | |
2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
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£ | £ | ||
Wages and salaries |
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Social security costs |
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2023 | 2022 | ||
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Office and administration |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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2023 | 2022 | ||
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£ | £ | ||
Interest on short term deposits |
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34 | 5,261 | ||
2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Interest on overdue taxation |
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496,463 | 106,642 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | 19.0% |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the surplus and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 2,048,326 | 1,738,968 | |||
Tax on profit at 19% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Total tax charge for the period | 383,879 | 331,453 | |||
Other | |||
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£ | |||
Cost | |||
As at
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Additions |
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As at
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Amortisation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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Plant & Machinery | Fixtures & Fittings | Total | |
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£ | £ | £ | |
Cost | |||
As at
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Additions |
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Disposals |
( |
( |
( |
As at
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Depreciation | |||
As at
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Provided during the period |
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Disposals |
( |
( |
( |
As at
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Net Book Value | |||
As at
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As at
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Unlisted | |
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£ | |
Cost | |
As at
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As at
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Provision | |
As at
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As at
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Net Book Value | |
As at
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As at
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
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314 Regents Park Road, London N3 2JX |
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- |
Capital and Reserves | Profit/(loss) | |
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£ | £ | |
315 Regents Park Road Ltd |
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Assam Finance Limited |
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B.M. Samuels Limited |
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Crossways Enterprises Ltd |
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Moorquest Limited |
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Real Ideas Limited |
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Streamwain Finance Limited |
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Granite Property Trading Limited |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Directors' loan accounts |
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Amounts owed by group undertakings |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors | 4,303,858 | 367,886 | |
Corporation tax |
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Taxation and social security | 33,822 | 34,949 | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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