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REGISTERED NUMBER: 07956961 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

CALIBRE HOMES (SW) LIMITED

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CALIBRE HOMES (SW) LIMITED

Company Information
for the year ended 28 February 2023







DIRECTORS: P A Clayton
T E Clayton
E B Clayton
J Clayton
S J Clayton
S E Clayton





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 07956961 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Calibre Homes (SW) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Calibre Homes (SW) Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Calibre Homes (SW) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Calibre Homes (SW) Limited and state those matters that we have agreed to state to the Board of Directors of Calibre Homes (SW) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Calibre Homes (SW) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Calibre Homes (SW) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Calibre Homes (SW) Limited. You consider that Calibre Homes (SW) 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 financial statements of Calibre Homes (SW) 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


24 November 2023

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 248,624 174,107

CURRENT ASSETS
Stocks 820,631 1,477,957
Debtors 5 307,716 398,904
Cash at bank 14,685 72,341
1,143,032 1,949,202
CREDITORS
Amounts falling due within one year 6 695,644 1,717,313
NET CURRENT ASSETS 447,388 231,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,012

405,996

CREDITORS
Amounts falling due after more than one
year

7

(30,610

)

(46,902

)

PROVISIONS FOR LIABILITIES 9 (28,592 ) (8,349 )
NET ASSETS 636,810 350,745

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 636,806 350,741
SHAREHOLDERS' FUNDS 636,810 350,745

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.

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Balance Sheet - continued
28 February 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 22 November 2023 and were signed on its behalf by:





P A Clayton - Director


CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Calibre Homes (SW) 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.

Critical accounting estimates and uncertainties
The directors have used their best judgement when apportioning costs incurred to projects which are held in stock.

No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents the construction and sale of domestic buildings and is recognised on legal transfer of possession of the property to the purchaser.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Buildings - Straight line over 40 years
Office equipment - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Government grants
Government grants are accounts for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The costs of properties also includes loan interest and arrangement fees.

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.


CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Office and
Buildings equipment fittings
£    £    £   
COST
At 1 March 2022 140,711 3,615 9,632
Additions - 191 -
At 28 February 2023 140,711 3,806 9,632
DEPRECIATION
At 1 March 2022 2,938 2,045 -
Charge for year 3,518 440 2,408
At 28 February 2023 6,456 2,485 2,408
NET BOOK VALUE
At 28 February 2023 134,255 1,321 7,224
At 28 February 2022 137,773 1,570 9,632

Plant and Motor
machinery Vehicles Totals
£    £    £   
COST
At 1 March 2022 70,559 - 224,517
Additions 1,075 96,254 97,520
At 28 February 2023 71,634 96,254 322,037
DEPRECIATION
At 1 March 2022 45,427 - 50,410
Charge for year 6,552 10,085 23,003
At 28 February 2023 51,979 10,085 73,413
NET BOOK VALUE
At 28 February 2023 19,655 86,169 248,624
At 28 February 2022 25,132 - 174,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 651 -
Amounts owed by group undertakings 294,620 289,860
Other debtors 12,445 109,044
307,716 398,904

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,779 863,836
Hire purchase contracts (see note 8) 6,047 5,878
Trade creditors 37,728 65,006
Taxation and social security 71,171 17,889
Other creditors 570,919 764,704
695,644 1,717,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,388 34,633
Hire purchase contracts (see note 8) 6,222 12,269
30,610 46,902

The bank loan relates to a government backed Bounce Back Loan.

8. LEASING AGREEMENTS

At the year end the company had total commitments under operating leases of £24,092 (2022: £3,900).

The Hire purchase contracts are secured against the assets of the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 28,592 8,349

Deferred
tax
£   
Balance at 1 March 2022 8,349
Accelerated capital allowances 20,243
Balance at 28 February 2023 28,592

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors £13,673 (2022: £64,551 owed to the company by the directors). During the year those directors were advanced £365,790 (2022: £120,329) and repaid £444,014 (2022: £258,427).

CALIBRE HOMES (SW) LIMITED (REGISTERED NUMBER: 07956961)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

12. PARENT COMPANY

The parent company is Calibre Generation Limited.

13. SECURITY AND GUARANTEES

Hampshire Trust Bank PLC Loan has been fully paid during the year