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REGISTERED NUMBER: 07557270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Calico Properties (Essex) Limited

Calico Properties (Essex) Limited (Registered number: 07557270)






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

Report of the Accountant 7

Calico Properties (Essex) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Lucking
Mrs R A Lucking





REGISTERED OFFICE: The Office
Green Farm
The Street
Pettistree
Suffolk
IP13 0HU





REGISTERED NUMBER: 07557270 (England and Wales)





ACCOUNTANT: Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX

Calico Properties (Essex) Limited (Registered number: 07557270)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 663,420 663,420

CURRENT ASSETS
Debtors 6 52,324 25,146
Cash at bank 31,820 171,592
84,144 196,738
CREDITORS
Amounts falling due within one year 7 93,062 63,111
NET CURRENT (LIABILITIES)/ASSETS (8,918 ) 133,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,502

797,047

CREDITORS
Amounts falling due after more than one
year

8

123,018

131,340
NET ASSETS 531,484 665,707

CAPITAL AND RESERVES
Called up share capital 10 395,000 395,000
Retained earnings 136,484 270,707
SHAREHOLDERS' FUNDS 531,484 665,707

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.

Calico Properties (Essex) Limited (Registered number: 07557270)

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 8 November 2023 and were signed on its behalf by:





N Lucking - Director


Calico Properties (Essex) Limited (Registered number: 07557270)

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

1. STATUTORY INFORMATION

Calico Properties (Essex) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the going concern basis.

The financial statements are presented in Sterling (£).

The preparation of financial statements in compliance with FRS 102, Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Going concern:
The directors have considered the company's position at the time of signing the financial statements. As noted previously, the company's business was impacted by the restricted ability of its tenants to operate normally as a consequence of government restrictions arising from the Covid-19 pandemic. Following the lifting of government restrictions, the tenants are now trading and settling arrears of rents. In the current circumstances, it is still difficult to produce precise forecasts in the short and the medium term. Nevertheless, the directors have considered the company's financial strength, together with commitment by the directors to continue to financially support the company and to not withdraw such support in the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements.

Based on all of this, the directors have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

The following principal accounting policies have been applied:

Investment property
The investment properties are stated at cost. However, the Directors are of the opinion that there is no material difference at the Balance Sheet date, between fair value and original cost.

Rental income from the investment properties owned by the company is recognised when the rent falls due in accordance with the lease terms and conditions.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Calico Properties (Essex) Limited (Registered number: 07557270)

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

3. ACCOUNTING POLICIES - continued

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.

Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022
and 31 March 2023 663,420
NET BOOK VALUE
At 31 March 2023 663,420
At 31 March 2022 663,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 52,324 25,146

Calico Properties (Essex) Limited (Registered number: 07557270)

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
£    £   
Bank loans and overdrafts 9,038 10,497
Trade creditors 1,630 -
Taxation and social security 16,117 15,542
Other creditors 66,277 37,072
93,062 63,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 123,018 131,340

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after more than 5 years 78,419 87,691

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 132,056 141,837

The bank loan is secured on one of the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
395,000 Ordinary £1 395,000 395,000

11. OTHER FINANCIAL COMMITMENTS

The company has given security by way of a legal mortgage on the investment properties, in respect of loan finance and trade credit facilities made available to a related party. The related party is a company in which one of the directors is the ultimate controlling party. At the date of approval of these financial statements, there had been no indication that a claim would be made against the company under the terms of the legal mortgage.

12. RELATED PARTY DISCLOSURES

At the Balance Sheet date, other creditors, includes amounts loaned to the company by the directors totalling £64,546 (2022: £35,652). The loans are unsecured, interest-free and repayable on demand.

Calico Properties (Essex) Limited

Report of the Accountant to the Directors of
Calico Properties (Essex) 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.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2023. We have prepared these financial statements based on the accounting records, information and explanations provided by you.

As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed at www.aat.org.uk.

This report is made solely to the Board of Directors, as a body. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors, as a body in this report, in accordance with the requirements of the Association of Accounting Technicians as detailed at www.aat.org.uk. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than the company and its Board of Directors as a body for our work or for this report.

On behalf of the board, you have acknowledged that it is your duty, to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of the company.

You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2023. Therefore the financial statements are unaudited. 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 accounts.






Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX


8 November 2023