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REGISTERED NUMBER: 03698055 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CALDA PROPERTIES LTD

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CALDA PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: N Lipschitz





SECRETARY: M Lipschitz





REGISTERED OFFICE: 116 Bethune Road
N16 5DU





REGISTERED NUMBER: 03698055 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,018 2,374
Investments 6 100 -
Investment property 7 1,920,318 3,489,978
1,922,436 3,492,352

CURRENT ASSETS
Debtors 8 1,945,489 584,955
Cash at bank 11,937 3,642
1,957,426 588,597
CREDITORS
Amounts falling due within one year 9 (663,549 ) (616,370 )
NET CURRENT ASSETS/(LIABILITIES) 1,293,877 (27,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,216,313

3,464,579

CREDITORS
Amounts falling due after more than one
year

10

(1,250,938

)

(2,566,995

)
NET ASSETS 1,965,375 897,584

CAPITAL AND RESERVES
Called up share capital 13 100 100
Revaluation reserve 14 545,098 545,098
Retained earnings 14 1,420,177 352,386
SHAREHOLDERS' FUNDS 1,965,375 897,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 and authorised for issue by the director and authorised for issue on 21 November 2023 and were signed by:





N Lipschitz - Director


CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Calda Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment properties
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

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 statement of financial position date.


CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022
and 31 January 2023 10,497
DEPRECIATION
At 1 February 2022 8,123
Charge for year 356
At 31 January 2023 8,479
NET BOOK VALUE
At 31 January 2023 2,018
At 31 January 2022 2,374

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 3,489,978
Disposals (1,569,660 )
At 31 January 2023 1,920,318
NET BOOK VALUE
At 31 January 2023 1,920,318
At 31 January 2022 3,489,978

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2017 545,097
Cost 1,375,221
1,920,318

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 50,527 -
Amounts owed by group undertakings 690,211 -
Other debtors 1,204,751 584,955
1,945,489 584,955

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 10,922 -
Taxation and social security 8,187 21,278
Other creditors 644,440 595,092
663,549 616,370

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 11) 1,210,203 2,520,705
Other creditors 40,735 46,290
1,250,938 2,566,995

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 860,660 1,839,485
Bank loans more 5 yrs non-inst 123,773 453,757
984,433 2,293,242

Repayable by instalments
Bank loans more 5 yr by instal 225,770 227,463
Other loans more 5yrs instal - 46,290
225,770 273,753

Other loan includes outstanding Bounceback loan payable totalling £40,735 [2022 - £46,290]. The loan is unsecured and guaranteed by HM Government.

11. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 40,735 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 860,660 1,839,485
Bank loans more 5 yrs non-inst 123,773 453,757
984,433 2,293,242

Repayable by instalments
Bank loans more 5 yr by instal 225,770 227,463
Other loans more 5yrs instal - 46,290
225,770 273,753

12. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 1,210,203 2,520,705

Bank loan is secured by first charge over investment properties of the company.

CALDA PROPERTIES LTD (REGISTERED NUMBER: 03698055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 352,386 545,098 897,484
Profit for the year 1,067,791 1,067,791
At 31 January 2023 1,420,177 545,098 1,965,275

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Lipschitz.