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REGISTERED NUMBER: 03908019 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Calmbay Limited

Calmbay Limited (Registered number: 03908019)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calmbay Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Jefferies
Mrs N Richardson
S R Paterson
M Powell





REGISTERED OFFICE: Unit 2 Avondale Works
Woodland Way
Kingswood
Bristol
BS15 1PA





REGISTERED NUMBER: 03908019 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Calmbay Limited (Registered number: 03908019)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,853 745
Investment property 5 875,000 875,000
877,853 875,745

CURRENT ASSETS
Debtors 6 7,183 4,933
Cash at bank 32,795 52,842
39,978 57,775
CREDITORS
Amounts falling due within one year 7 12,372 11,101
NET CURRENT ASSETS 27,606 46,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,459

922,419

PROVISIONS FOR LIABILITIES 58,497 58,097
NET ASSETS 846,962 864,322

CAPITAL AND RESERVES
Called up share capital 30 30
Capital redemption reserve 8 6 6
Retained earnings 8 846,926 864,286
846,962 864,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Calmbay Limited (Registered number: 03908019)

Balance Sheet - continued
31 March 2023


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 15 November 2023 and were signed on its behalf by:





S R Paterson - Director


Calmbay Limited (Registered number: 03908019)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Calmbay Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Calmbay Limited (Registered number: 03908019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 7,356 1,288 8,644
Additions 3,060 - 3,060
At 31 March 2023 10,416 1,288 11,704
DEPRECIATION
At 1 April 2022 6,973 926 7,899
Charge for year 861 91 952
At 31 March 2023 7,834 1,017 8,851
NET BOOK VALUE
At 31 March 2023 2,582 271 2,853
At 31 March 2022 383 362 745

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 875,000
NET BOOK VALUE
At 31 March 2023 875,000
At 31 March 2022 875,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,933 4,933
Other debtors 2,250 -
7,183 4,933

Calmbay Limited (Registered number: 03908019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,060 -
Taxation and social security 6,876 8,658
Other creditors 2,436 2,443
12,372 11,101

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 864,286 6 864,292
Profit for the year 30,640 30,640
Dividends (48,000 ) (48,000 )
At 31 March 2023 846,926 6 846,932