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REGISTERED NUMBER: 01621244 (England and Wales)














CALLINGTON ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023






CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CALLINGTON ESTATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023







DIRECTOR: T D Pomroy





SECRETARY: C J D Pomroy





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 01621244 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

BALANCE SHEET
29TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,710 3,656
Investments 5 2 2
Investment property 6 2,470,158 2,412,800
2,472,870 2,416,458

CURRENT ASSETS
Debtors 7 276,089 221,516
Cash at bank and in hand 145,261 290,457
421,350 511,973
CREDITORS
Amounts falling due within one year 8 276,254 293,853
NET CURRENT ASSETS 145,096 218,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,617,966

2,634,578

CREDITORS
Amounts falling due after more than
one year

9

(1,750,000

)

(1,750,000

)

PROVISIONS FOR LIABILITIES (194,289 ) (194,010 )
NET ASSETS 673,677 690,568

CAPITAL AND RESERVES
Called up share capital 11 100 100
Other reserves 836,683 836,683
Retained earnings (163,106 ) (146,215 )
SHAREHOLDERS' FUNDS 673,677 690,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th September 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.

CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

BALANCE SHEET - continued
29TH SEPTEMBER 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 20th September 2024 and were signed by:





T D Pomroy - Director


CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Callington Estates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022
and 29th September 2023 4,645
DEPRECIATION
At 1st October 2022 989
Charge for period 946
At 29th September 2023 1,935
NET BOOK VALUE
At 29th September 2023 2,710
At 30th September 2022 3,656

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2022
and 29th September 2023 2
NET BOOK VALUE
At 29th September 2023 2
At 30th September 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2022 2,412,800
Additions 57,358
At 29th September 2023 2,470,158
NET BOOK VALUE
At 29th September 2023 2,470,158
At 30th September 2022 2,412,800

Fair value at 29th September 2023 is represented by:
£   
Valuation in 2017 1,154,271
Valuation in 2019 (157,600 )
Valuation in 2021 161,550
Valuation in 2022 78,856
Cost 1,233,081
2,470,158

CALLINGTON ESTATES LIMITED (REGISTERED NUMBER: 01621244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 276,089 221,516

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 18,677 15,326
Other creditors 257,577 278,527
276,254 293,853

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,750,000 1,750,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,750,000 1,750,000

The bank loans are secured by a fixed and floating charge over the assets of the company.

In addition a proportion of the loans are secured by a personal guarantee by the sole director.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year the company was owed £207,600 (2022 : £165,825) by the director. Interest at 2.25% was charged on the loan amount.