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REGISTERED NUMBER: 05829979 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

B & P Calton Limited

B & P Calton Limited (Registered number: 05829979)






Contents of the Financial Statements
for the year ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B & P Calton Limited

Company Information
for the year ended 5 April 2024







DIRECTORS: B Jackson
Mrs P Jackson
L B Jackson





SECRETARY: B Jackson





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ





REGISTERED NUMBER: 05829979 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

B & P Calton Limited (Registered number: 05829979)

Balance Sheet
5 April 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 500 -
Investment property 5 1,360,000 1,360,000
1,360,500 1,360,000

CURRENT ASSETS
Cash at bank and in hand 35,968 21,943

CREDITORS
Amounts falling due within one year 6 (420,574 ) (361,037 )
NET CURRENT LIABILITIES (384,606 ) (339,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,894

1,020,906

CREDITORS
Amounts falling due after more than one year 7 (259,731 ) (323,327 )

PROVISIONS FOR LIABILITIES 9 (145,985 ) (145,985 )
NET ASSETS 570,178 551,594

CAPITAL AND RESERVES
Called up share capital 10 300 300
Fair value reserve 11 470,339 470,339
Retained earnings 99,539 80,955
SHAREHOLDERS' FUNDS 570,178 551,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





B Jackson - Director


B & P Calton Limited (Registered number: 05829979)

Notes to the Financial Statements
for the year ended 5 April 2024

1. STATUTORY INFORMATION

B & P Calton 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rents receivable in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on 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 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 1 (2023 - 1 ) .

B & P Calton Limited (Registered number: 05829979)

Notes to the Financial Statements - continued
for the year ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
Additions 747
At 5 April 2024 747
DEPRECIATION
Charge for year 247
At 5 April 2024 247
NET BOOK VALUE
At 5 April 2024 500

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,360,000
NET BOOK VALUE
At 5 April 2024 1,360,000
At 5 April 2023 1,360,000

Fair value at 5 April 2024 is represented by:
£
Valuation in 2015 56,600
Valuation in 2016 14,143
Valuation in 2017 45,000
Valuation in 2021 375,670
Valuation in 2023 125,000
Cost 743,587
1,360,000

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 743,587 743,587

Freehold land and buildings were valued on an open market basis on 5 April 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 4,000
Taxation and social security 5,144 5,349
Other creditors 415,430 351,688
420,574 361,037

B & P Calton Limited (Registered number: 05829979)

Notes to the Financial Statements - continued
for the year ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 259,731 323,327

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 259,731 323,327

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 259,731 327,327

The bank loans are secured by way of fixed and floating charges over the relevant properties.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 145,985 145,985

Deferred tax
£
Balance at 6 April 2023 145,985
Balance at 5 April 2024 145,985

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
300 Ordinary £1 300 300

11. RESERVES
Fair value
reserve
£
At 6 April 2023
and 5 April 2024 470,339

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date the company owed the directors £409,446 (2023: £344,914) which is repayable on demand.