Company Registration No. 09532270 (England and Wales)
Calancombe Estate Holdings Ltd
Unaudited accounts
for the year ended 31 March 2024
Calancombe Estate Holdings Ltd
Unaudited accounts
Contents
Calancombe Estate Holdings Ltd
Company Information
for the year ended 31 March 2024
Company Number
09532270 (England and Wales)
Registered Office
Calancombe
Modbury
Ivybridge
Devon
PL21 0TU
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Calancombe Estate Holdings Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
995,074
932,406
Cash at bank and in hand
7,469
23,873
Creditors: amounts falling due within one year
(879,840)
(845,750)
Net current liabilities
(765,874)
(759,766)
Total assets less current liabilities
229,200
172,640
Creditors: amounts falling due after more than one year
(16,667)
(37,192)
Provisions for liabilities
Deferred tax
(53,819)
(44,646)
Called up share capital
200
200
Profit and loss account
158,514
90,602
Shareholders' funds
158,714
90,802
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2024 and were signed on its behalf by
Mrs C Whitehead
Director
Company Registration No. 09532270
Calancombe Estate Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
Calancombe Estate Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 09532270. The registered office is Calancombe, Modbury, Ivybridge, Devon, PL21 0TU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
11 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Calancombe Estate Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
610,443
626,254
-
67,862
14,684
1,319,243
Additions
-
89,986
40,502
9,822
3,643
143,953
Disposals
-
-
-
-
(5,735)
(5,735)
At 31 March 2024
610,443
716,240
40,502
77,684
12,592
1,457,461
At 1 April 2023
-
346,776
-
34,454
5,607
386,837
Charge for the year
-
65,027
3,017
7,968
1,328
77,340
On disposals
-
-
-
-
(1,790)
(1,790)
At 31 March 2024
-
411,803
3,017
42,422
5,145
462,387
At 31 March 2024
610,443
304,437
37,485
35,262
7,447
995,074
At 31 March 2023
610,443
279,478
-
33,408
9,077
932,406
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
8,401
11,202
Amounts falling due within one year
Trade debtors
49,156
15,625
Accrued income and prepayments
2,275
1,486
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
21,271
38,637
Obligations under finance leases and hire purchase contracts
5,102
26,208
Trade creditors
79,930
64,380
Taxes and social security
3,370
-
Other creditors
190,497
120,379
Loans from directors
562,710
586,889
Calancombe Estate Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
88
8
Deferred taxation
2024
2023
Accelerated capital allowances
53,819
44,646
Provision at start of year
44,646
48,965
Charged/(credited) to the profit and loss account
9,173
(4,319)
Provision at end of year
53,819
44,646
9
Transactions with related parties
Loan from an associated company - £179,706
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).
11
Reconciliations on adoption of FRS 102
Deferred Tax has been accounted for and adjustments have been made to the opening balance sheet position so that the 'starting point' within the first FRS 102 financial statements is compliant with the requirements of the standard.