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REGISTERED NUMBER: 12455803 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Calibre Prop Co Limited

Calibre Prop Co Limited (Registered number: 12455803)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calibre Prop Co Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K R S Chaggar
Mrs S L Chaggar





REGISTERED OFFICE: Scraptoft House. 11 Scraptoft Hall
Off James Way
Scraptoft
Leicester
Leicestershire
LE7 9TW





REGISTERED NUMBER: 12455803 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Calibre Prop Co Limited (Registered number: 12455803)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,350 60,466
Investments 5 100 100
Investment property 6 2,475,758 2,082,085
2,521,208 2,142,651

CURRENT ASSETS
Debtors 7 1,069,579 373,123
Cash at bank 74 6,348
1,069,653 379,471
CREDITORS
Amounts falling due within one year 8 (933,382 ) (2,111,068 )
NET CURRENT ASSETS/(LIABILITIES) 136,271 (1,731,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,657,479

411,054

CREDITORS
Amounts falling due after more than one
year

9

(2,268,395

)

(425,750

)

PROVISIONS FOR LIABILITIES (98,418 ) -
NET ASSETS/(LIABILITIES) 290,666 (14,696 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 295,255 -
Retained earnings (4,689 ) (14,796 )
290,666 (14,696 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Prop Co Limited (Registered number: 12455803)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





K R S Chaggar - Director


Calibre Prop Co Limited (Registered number: 12455803)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Calibre Prop Co 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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support

Preparation of consolidated financial statements
The financial statements contain information about Calibre Prop Co Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover comprises revenue recognised by the company in respect of rents receivable. Revenue is recognised in the period to which it relates.

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 - 20% on cost

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

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 Profit and Loss Account, 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 Prop Co Limited (Registered number: 12455803)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 75,583
DEPRECIATION
At 1 July 2022 15,117
Charge for year 15,116
At 30 June 2023 30,233
NET BOOK VALUE
At 30 June 2023 45,350
At 30 June 2022 60,466

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

Calibre Prop Co Limited (Registered number: 12455803)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 2,082,085
Revaluations 393,673
At 30 June 2023 2,475,758
NET BOOK VALUE
At 30 June 2023 2,475,758
At 30 June 2022 2,082,085

Valuations of investment property have been made by the directors, on an open market value for existing use basis.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 393,673
Cost 2,082,085
2,475,758

Investment property held was valued on an open market basis on 12 July 2021 and 17 August 2022 by Paragon Bank Plc and State Bank of India, respectively.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 89,820 -
Amounts owed by group undertakings 975,485 342,480
Other debtors 4,274 30,643
1,069,579 373,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,933 -
Trade creditors 3,118 7,375
Taxation and social security 1,415 -
Other creditors 922,916 2,103,693
933,382 2,111,068

Other creditors include accruals and deferred income of £1,200 (2022: £1,500)

Calibre Prop Co Limited (Registered number: 12455803)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,184,509 425,750
Other creditors 1,083,886 -
2,268,395 425,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 1,150,681 375,750

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,140,441 375,750

The bank loans are secured over the investment properties to which they relate to.