IRIS Accounts Production v24.2.0.383 06936020 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069360202022-12-31069360202023-12-31069360202023-01-012023-12-31069360202021-12-31069360202022-01-012022-12-31069360202022-12-3106936020ns15:EnglandWales2023-01-012023-12-3106936020ns14:PoundSterling2023-01-012023-12-3106936020ns10:Director12023-01-012023-12-3106936020ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106936020ns10:SmallEntities2023-01-012023-12-3106936020ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106936020ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106936020ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106936020ns10:FullAccounts2023-01-012023-12-3106936020ns10:Director22023-01-012023-12-3106936020ns10:RegisteredOffice2023-01-012023-12-3106936020ns5:CurrentFinancialInstruments2023-12-3106936020ns5:CurrentFinancialInstruments2022-12-3106936020ns5:ShareCapital2023-12-3106936020ns5:ShareCapital2022-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3106936020ns5:RetainedEarningsAccumulatedLosses2023-12-3106936020ns5:RetainedEarningsAccumulatedLosses2022-12-3106936020ns5:PlantMachinery2023-01-012023-12-3106936020ns5:PlantMachinery2022-12-3106936020ns5:PlantMachinery2023-12-3106936020ns5:PlantMachinery2022-12-3106936020ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106936020ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106936020ns5:RetainedEarningsAccumulatedLosses2022-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3106936020ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 06936020 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALNIC INVESTMENTS LTD

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALNIC INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Branton-Speak
N Branton-Speak





REGISTERED OFFICE: 10 Heathview Gardens
Putney
London
SW15 3SZ





REGISTERED NUMBER: 06936020 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,071 4,459
Investments 5 107,200 160,800
Investment property 6 3,606,874 4,544,687
3,717,145 4,709,946

CURRENT ASSETS
Debtors 7 - 20
Investments 8 310,265 1,480,713
Cash at bank 4,344 258,529
314,609 1,739,262
CREDITORS
Amounts falling due within one year 9 3,594,834 6,363,907
NET CURRENT LIABILITIES (3,280,225 ) (4,624,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,920

85,301

PROVISIONS FOR LIABILITIES 2,924 1,115
NET ASSETS 433,996 84,186

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 (907,961 ) (1,139,427 )
Retained earnings 10 1,341,955 1,223,611
433,996 84,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





S Branton-Speak - Director


CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Calnic Investments Ltd 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. Included in these judgements and estimates are:

Investment properties: The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The directors have determined the fair value at 31 December 2023. There is an inevitable degree of judgement involved in that each property is unique and value can only be ultimately be reliably tested in the market itself. The directors aim to determine the open market valuation of every property. In order to do so the directors use appropriate market evidence based upon recent sales of comparable properties using available data at the year-end. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Rental income is recognised as turnover in the period to which the income relates.

Ticket sales are recognised as turnover in the period that the event to which the ticket relates, takes place.

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 - 25% 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.

Investment properties consist of land and buildings which are not occupied by or in the operations of the company or for sale in the ordinary course of business but are held to earn rental income together with the potential capital and income growth.

Investment properties are initially recognised at cost, being the fair value of consideration given, including transaction costs associated with the investment property. Any subsequent capital expenditure incurred in improving investment properties is capitalised in the period incurred and included within the book costs of the property.

After initial recognition, investment properties are measured at fair value with gains and losses recognised in profit or loss. Deferred tax is provided on the gains or losses during the year as necessary.

Investments - Wimbledon debentures
The investments in Centre Court debentures are initially recognised at cost. The investment is amortised over the life of the asset of 5 years on a straight line basis.

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 33,663
DEPRECIATION
At 1 January 2023 29,204
Charge for year 1,388
At 31 December 2023 30,592
NET BOOK VALUE
At 31 December 2023 3,071
At 31 December 2022 4,459

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Wimbledon debentures - Cost 269,350 269,350
Wimbledon debentures - Amortisation (162,150 ) (108,550 )
107,200 160,800

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 4,544,687
Disposals (937,813 )
At 31 December 2023 3,606,874
NET BOOK VALUE
At 31 December 2023 3,606,874
At 31 December 2022 4,544,687

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 3,606,874

The company's investment properties have been internally valued by a director. Details of the estimates and assumptions made and key sources of estimation uncertainty are provided in the accounting policies.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 20

8. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Interactive Brokers account 310,265 1,480,713

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 43,230 64,559
Other creditors 3,551,604 6,299,348
3,594,834 6,363,907

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 1,223,611 (1,139,427 ) 84,184
Profit for the year 349,810 349,810
Fair value reserve transfer (231,466 ) 231,466 -
At 31 December 2023 1,341,955 (907,961 ) 433,994

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £3,545,811 (2022 - £6,293,848) to the directors. The loan is not secured and bears interest.