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REGISTERED NUMBER: 12444497 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Calbridge 2 Ltd

Calbridge 2 Ltd (Registered number: 12444497)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Calbridge 2 Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C N Kemsley
C M Standish-White
R J Verdin
A R Gardiner





REGISTERED OFFICE: Main Office Station House
Station Road
Barnes
London
SW13 0HT





REGISTERED NUMBER: 12444497 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Calbridge 2 Ltd (Registered number: 12444497)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 627,700 153,500

CURRENT ASSETS
Debtors 5 74,392 37,528

CREDITORS
Amounts falling due within one year 6 701,300 190,236
NET CURRENT LIABILITIES (626,908 ) (152,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

792

792

CAPITAL AND RESERVES
Called up share capital 792 792
SHAREHOLDERS' FUNDS 792 792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





C M Standish-White - Director


Calbridge 2 Ltd (Registered number: 12444497)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Calbridge 2 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Facility and participation fees are included on an accruals basis, unless specifically provided for.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 March 2022 153,500
New in year 627,700
Repayment in year (153,500 )
At 28 February 2023 627,700

A further loan facility of £153,500 on 17 November 2021, secured by a second legal charge over Plots 1 and 2 Rosevarlock, Polzeath, PL27 6SR, repaid in full on 25 May 2022. The facility fees were charged at a rate of 20% per annum.

A new loan facility of £627,700 commenced on 13 April 2022 and is secured by a second legal charge over Amberley Cottage, Thorpe by Water, LE15 9JW, repaid in full on 2 March 2023..The facility fees were charged at a rate of 12% per annum.

Calbridge 2 Ltd (Registered number: 12444497)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Facility fees receivable 73,600 36,736
Unpaid share capital 792 792
74,392 37,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Participation fees payable 54,843 21,660
Management fees payable 18,757 15,076
Loans payable 627,700 153,500
701,300 190,236

Further loans were made amounting to £153,500 on 17 November 2021, repaid in full on 25 May 2022. Fees were charged at a rate of 14% per annum.

New loans were made amounting to £627,000 on 13 April 2022, repaid in full on 2 March 2023. Fees were charged at a rate of 9% per annum.