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REGISTERED NUMBER: 11233552 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASKEW & CALLAWAY LIMITED

ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASKEW & CALLAWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N J Askew
R B Callaway





REGISTERED OFFICE: 5 The Quadrant
Coventry
CV1 2EL





REGISTERED NUMBER: 11233552 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,113 20,129
Investments 5 207,300 207,300
Investment property 6 1,540,000 1,783,000
1,762,413 2,010,429

CURRENT ASSETS
Debtors 7 185,415 185,802
Cash at bank and in hand 1,939 1,111
187,354 186,913
CREDITORS
Amounts falling due within one year 8 568,073 579,987
NET CURRENT LIABILITIES (380,719 ) (393,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,381,694

1,617,355

CREDITORS
Amounts falling due after more than one
year

9

(759,446

)

(960,161

)

PROVISIONS FOR LIABILITIES (33,060 ) (31,310 )
NET ASSETS 589,188 625,884

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 566,274 566,274
Fair value reserve 10 99,180 93,930
Retained earnings (76,466 ) (34,520 )
589,188 625,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

BALANCE SHEET - continued
31 MARCH 2024


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 22 October 2024 and were signed on its behalf by:




N J Askew - Director



R B Callaway - Director


ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Askew & Callaway 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 (2023 - NIL).

ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 20,129
Disposals (5,016 )
At 31 March 2024 15,113
NET BOOK VALUE
At 31 March 2024 15,113
At 31 March 2023 20,129

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023
and 31 March 2024 207,300
NET BOOK VALUE
At 31 March 2024 207,300
At 31 March 2023 207,300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,783,000
Disposals (263,000 )
Revaluations 20,000
At 31 March 2024 1,540,000
NET BOOK VALUE
At 31 March 2024 1,540,000
At 31 March 2023 1,783,000

ASKEW & CALLAWAY LIMITED (REGISTERED NUMBER: 11233552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 70,000
Valuation in 2023 55,240
Valuation in 2024 7,000
Cost 1,407,760
1,540,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 178,890 178,656
Other debtors 6,525 7,146
185,415 185,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,829 1,940
Trade creditors 6,365 3,492
Amounts owed to group undertakings 149,224 165,191
Other creditors 410,655 409,364
568,073 579,987

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 759,446 960,161

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 93,930
Non-distributable fair value 5,250

At 31 March 2024 99,180