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Registration number: 12288821

Calderwood Capital Research Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Calderwood Capital Research Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Calderwood Capital Research Ltd

Company Information

Director

Dylan Grice

Registered office

175 Oxford Street,
London, England,
W1D 2JS

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Calderwood Capital Research Ltd

(Registration number: 12288821)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,165

1,553

Current assets

 

Debtors

5

12,158

13,548

Cash at bank and in hand

 

91,709

49,644

 

103,867

63,192

Creditors: Amounts falling due within one year

6

(316,575)

(127,104)

Net current liabilities

 

(212,708)

(63,912)

Net liabilities

 

(211,543)

(62,359)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(211,545)

(62,361)

Shareholders' deficit

 

(211,543)

(62,359)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

.........................................
Dylan Grice
Director

 

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
175 Oxford Street,
London, England,
W1D 2JS
England and Wales

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director is confident that the company remains a going concern and accounts have been prepared on this basis. The company has a balance sheet deficit of £211,543 (2022:£62,359). Long term funding is by way ofdirector’s loan and the director has made a commitment not to seek repayment of the loan withing theforeseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

3,106

3,106

At 31 October 2023

3,106

3,106

Depreciation

At 1 November 2022

1,553

1,553

Charge for the year

388

388

At 31 October 2023

1,941

1,941

Carrying amount

At 31 October 2023

1,165

1,165

At 31 October 2022

1,553

1,553

5

Debtors

2023
£

2022
£

Prepayments

-

13,548

Other debtors

12,158

-

12,158

13,548

During the year, the company has provided an interest-free loan amounting to £12,158 ($15,000). The loan is repayable on 28th July 2024.

 

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

79,387

22,983

Accruals and deferred income

1,800

40,751

Other creditors

235,388

63,370

316,575

127,104

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Repayments by director
£

At 31 October 2023
£

Dylan Grice

Loan from director

63,370

1,816

65,186

2022

At 1 November 2021
£

Repayments by director
£

At 31 October 2022
£

Dylan Grice

Loan from director

59,790

3,580

63,370

 

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Summary of transactions with other related parties

During the year, the Company received a loan from Mona El ISA, the shareholder of the company. The loan is interest-free and repayable on demand.
 

Loans from related parties

2023

Other related parties
£

Total
£

Advanced

170,203

170,203

At end of period

170,203

170,203