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REGISTERED NUMBER: 05038548 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Caldmore Homes Limited

Caldmore Homes Limited (Registered number: 05038548)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Caldmore Homes Limited (Registered number: 05038548)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 79,065 98,574
Tangible assets 5 994,365 886,316
Investment property 6 430,002 430,002
1,503,432 1,414,892

CURRENT ASSETS
Stocks 22,591 17,354
Debtors 7 1,070,458 889,522
Cash at bank and in hand 415,504 325,685
1,508,553 1,232,561
CREDITORS
Amounts falling due within one year 8 279,101 197,871
NET CURRENT ASSETS 1,229,452 1,034,690
TOTAL ASSETS LESS CURRENT LIABILITIES 2,732,884 2,449,582

CREDITORS
Amounts falling due after more than one year 9 (102,149 ) (102,720 )

PROVISIONS FOR LIABILITIES (61,788 ) (30,180 )
NET ASSETS 2,568,947 2,316,682

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 391,603 391,603
Non distributable reserve 81,381 81,381
Retained earnings 2,095,962 1,843,697
SHAREHOLDERS' FUNDS 2,568,947 2,316,682

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.

Caldmore Homes Limited (Registered number: 05038548)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mrs D A Bird - Director


Caldmore Homes Limited (Registered number: 05038548)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Caldmore Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05038548

Registered office: Gorst Barn Farm
Brandhill
Aldon
Craven Arms
Shropshire
SY7 0PG

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 represents net invoiced sales of goods and services, excluding of value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2019 and 2020, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Fair value is determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Caldmore Homes Limited (Registered number: 05038548)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental income
All rental income received or receivable in respect of investment properties is credited to revenue on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 195,093
AMORTISATION
At 1 April 2023 96,519
Amortisation for year 19,509
At 31 March 2024 116,028
NET BOOK VALUE
At 31 March 2024 79,065
At 31 March 2023 98,574

Caldmore Homes Limited (Registered number: 05038548)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 890,414 108,780 149,436 6,982 1,155,612
Additions - 122,299 47,903 366 170,568
Disposals - (529 ) - - (529 )
At 31 March 2024 890,414 230,550 197,339 7,348 1,325,651
DEPRECIATION
At 1 April 2023 128,012 53,854 81,014 6,416 269,296
Charge for year 17,809 26,504 17,448 308 62,069
Eliminated on disposal - (79 ) - - (79 )
At 31 March 2024 145,821 80,279 98,462 6,724 331,286
NET BOOK VALUE
At 31 March 2024 744,593 150,271 98,877 624 994,365
At 31 March 2023 762,402 54,926 68,422 566 886,316

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 430,002
NET BOOK VALUE
At 31 March 2024 430,002
At 31 March 2023 430,002

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 22,756
Valuation in 2009 68,596
Valuation in 2010 (22,454 )
Valuation in 2011 214,689
Valuation in 2012 (30,000 )
Valuation in 2013 (75,646 )
Valuation in 2014 (19,391 )
Valuation in 2015 (58,070 )
Cost 329,522
430,002

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 329,522 329,522

Investment property was valued on an open market basis on 31 March 2024 by the directors .

In the opinion of the directors, the fair value of the properties held at 31 March 2024 had not changed materially from the previous valuation.

Caldmore Homes Limited (Registered number: 05038548)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,599 7,570
Amounts owed by associates 988,188 859,305
Other debtors 26,671 22,647
1,070,458 889,522

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 104,729 101,287
Amounts owed to associates 8,301 -
Taxation and social security 145,266 84,269
Other creditors 20,805 12,315
279,101 197,871

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 102,149 102,720