IRIS Accounts Production v24.2.0.383 SC484258 director 1.9.22 31.8.23 31.8.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4842582022-08-31SC4842582023-08-31SC4842582022-09-012023-08-31SC4842582021-08-31SC4842582021-09-012022-08-31SC4842582022-08-31SC484258ns15:Scotland2022-09-012023-08-31SC484258ns14:PoundSterling2022-09-012023-08-31SC484258ns10:Director12022-09-012023-08-31SC484258ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC484258ns10:SmallEntities2022-09-012023-08-31SC484258ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC484258ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC484258ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC484258ns10:FullAccounts2022-09-012023-08-31SC484258ns10:RegisteredOffice2022-09-012023-08-31SC484258ns5:CurrentFinancialInstruments2023-08-31SC484258ns5:CurrentFinancialInstruments2022-08-31SC484258ns5:Non-currentFinancialInstruments2023-08-31SC484258ns5:Non-currentFinancialInstruments2022-08-31SC484258ns5:ShareCapital2023-08-31SC484258ns5:ShareCapital2022-08-31SC484258ns5:RetainedEarningsAccumulatedLosses2023-08-31SC484258ns5:RetainedEarningsAccumulatedLosses2022-08-31SC484258ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-31SC484258ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-31SC484258ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-31SC484258ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-31SC484258ns5:Secured2023-08-31SC484258ns5:Secured2022-08-31
REGISTERED NUMBER: SC484258 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Cal's Properties Ltd

Cal's Properties Ltd (Registered number: SC484258)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cal's Properties Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: C C Shaw





REGISTERED OFFICE: 12 Carrick Drive
Mount Vernon
Glasgow
G32 0RW





REGISTERED NUMBER: SC484258 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Cal's Properties Ltd (Registered number: SC484258)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,168,388 1,168,388

CURRENT ASSETS
Cash at bank 875 6,713

CREDITORS
Amounts falling due within one year 5 977,106 1,006,014
NET CURRENT LIABILITIES (976,231 ) (999,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,157

169,087

CREDITORS
Amounts falling due after more than one year 6 10,068 14,325
NET ASSETS 182,089 154,762

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,989 154,662
SHAREHOLDERS' FUNDS 182,089 154,762

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Cal's Properties Ltd (Registered number: SC484258)

Balance Sheet - continued
31 August 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 director and authorised for issue on 31 May 2024 and were signed by:





C C Shaw - Director


Cal's Properties Ltd (Registered number: SC484258)

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

1. STATUTORY INFORMATION

Cal's Properties Ltd is a private company, limited by shares , registered in Scotland. 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. 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.

Turnover
Turnover represents gross rents receivable on property in period.

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 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.

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 NIL (2022 - NIL).

Cal's Properties Ltd (Registered number: SC484258)

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

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 September 2022
and 31 August 2023 1,168,388
NET BOOK VALUE
At 31 August 2023 1,168,388
At 31 August 2022 1,168,388

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 4,744 4,744
Tax 11,717 16,919
Other creditors 248,876 267,500
Directors' current accounts 705,926 712,926
Accrued expenses 5,843 3,925
977,106 1,006,014

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 4,744 4,744
Bank loans - 2-5 years 5,324 9,581
10,068 14,325

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 14,812 19,069

The company has granted standard securities over it's properties as well as a bond and floating charge, all to the Royal Bank of Scotland.

Cal's Properties Ltd (Registered number: SC484258)

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

8. RELATED PARTY DISCLOSURES

A balance of £705,926 is due to the sole director C Shaw at 31 August 2023. No interest is charged on the loan by the director and there are no fixed repayment terms.

A balance of £248,876 is due to Calum Shaw Consultancy Limited at 31 August 2023. No interest is charged on the loans by Calum Shaw Consultancy Limited and there are no fixed repayment terms.

Calum Shaw Consultancy Limited is related to the company by virtue of C C Shaw who is a Director and Shareholder in both companies.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C C Shaw.