REGISTERED NUMBER: 12051929 (England and Wales) |
REPORT OF THE DIRECTORS AND |
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 202 |
FOR |
CALROC EAGLE HOLDINGS LIMITED |
REGISTERED NUMBER: 12051929 (England and Wales) |
REPORT OF THE DIRECTORS AND |
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 202 |
FOR |
CALROC EAGLE HOLDINGS LIMITED |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Consolidated Income Statement | 3 |
Consolidated Balance Sheet | 4 |
Company Balance Sheet | 6 |
Notes to the Consolidated Financial Statements | 7 |
CALROC EAGLE HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Market Street |
Hebden Bridge |
West Yorkshire |
HX7 6AD |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
The directors present their report with the financial statements of the company and the group for the year ended 31st March 2023. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st April 2022 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
CONSOLIDATED INCOME STATEMENT |
FOR THE YEAR ENDED 31ST MARCH 2023 |
2023 | 2022 |
£ | £ |
TURNOVER | - | - |
Administrative expenses | 209,478 | 13,144 |
(209,478 | ) | (13,144 | ) |
Other operating income | 360,946 | 265,312 |
OPERATING PROFIT | 151,468 | 252,168 |
Interest receivable and similar income | 285 | - |
151,753 | 252,168 |
Interest payable and similar expenses | 50,045 | - |
PROFIT BEFORE TAXATION | 101,708 | 252,168 |
Tax on profit | 19,324 | 65,012 |
PROFIT FOR THE FINANCIAL YEAR |
Profit attributable to: |
Owners of the parent | 82,384 | 187,156 |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
CONSOLIDATED BALANCE SHEET |
31ST MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 | - | - |
Investment property | 6 | 5,135,822 | 3,125,000 |
5,135,822 | 3,125,000 |
CURRENT ASSETS |
Debtors | 7 | 11,667 | 26,079 |
Cash at bank | 79,987 | 726,241 |
91,654 | 752,320 |
CREDITORS |
Amounts falling due within one year | 8 | 289,235 | 81,463 |
NET CURRENT (LIABILITIES)/ASSETS | (197,581 | ) | 670,857 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
4,938,241 |
3,795,857 |
CREDITORS |
Amounts falling due after more than one year |
9 |
(1,060,000 |
) |
- |
PROVISIONS FOR LIABILITIES | (91,147 | ) | (91,147 | ) |
NET ASSETS | 3,787,094 | 3,704,710 |
CAPITAL AND RESERVES |
Called up share capital | 1,053 | 1,053 |
Merger reserve | 1,730,286 | 1,730,286 |
Fair value reserve | 10 | 418,835 | 418,835 |
Retained earnings | 1,636,920 | 1,554,536 |
SHAREHOLDERS' FUNDS | 3,787,094 | 3,704,710 |
The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023. |
The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group. |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
CONSOLIDATED BALANCE SHEET - continued |
31ST MARCH 2023 |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved by the Board of Directors and authorised for issue on 12th October 2023 and were signed on its behalf by: |
D C Taylor - Director |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
COMPANY BALANCE SHEET |
31ST MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
Company's profit/(loss) for the financial year |
49,627 |
(240 |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Calroc Eagle Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
There were no staff costs for the year ended 31st March 2023 nor for the year ended 31st March 2022. |
The average number of employees during the year was |
4. | INDIVIDUAL INCOME STATEMENT |
As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
5. | FIXED ASSET INVESTMENTS |
Company |
Shares in |
group |
undertakings |
£ |
COST |
At 1st April 2022 |
and 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
6. | INVESTMENT PROPERTY |
Group |
Total |
£ |
FAIR VALUE |
At 1st April 2022 | 3,125,000 |
Additions | 2,010,822 |
At 31st March 2023 | 5,135,822 |
NET BOOK VALUE |
At 31st March 2023 | 5,135,822 |
At 31st March 2022 | 3,125,000 |
Fair value at 31st March 2023 is represented by: |
£ |
Valuation in 2020 | 300,441 |
Valuation in 2021 | 119,541 |
Valuation in 2022 | 90,000 |
Cost | 4,625,840 |
5,135,822 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 4,625,840 | 2,615,018 |
Investment properties were valued on an open market basis on 8th December 2020 by the director's . |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
2023 | 2022 | 2023 | 2022 |
£ | £ | £ | £ |
Trade debtors | 11,667 | 11,667 |
Amounts owed by group undertakings | - | 10,000 |
Other debtors | - | 4,412 |
11,667 | 26,079 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
2023 | 2022 | 2023 | 2022 |
£ | £ | £ | £ |
Bank loans and overdrafts | 80,000 | - |
Trade creditors | 264 | 240 |
Taxation and social security | 23,030 | 47,912 |
Other creditors | 185,941 | 33,311 |
289,235 | 81,463 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Group |
2023 | 2022 |
£ | £ |
Bank loans | 1,060,000 | - |
Amounts falling due in more than five years: |
Group |
2023 | 2022 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 740,000 | - |
10. | RESERVES |
Group |
Fair |
value |
reserve |
£ |
At 1st April 2022 |
and 31st March 2023 | 418,835 |
Company |
Retained |
earnings |
£ |
At 1st April 2022 |
Profit for the year |
At 31st March 2023 |
CALROC EAGLE HOLDINGS LIMITED (REGISTERED NUMBER: 12051929) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
10. | RESERVES - continued |