Company Registration No. 04611594 (England and Wales)
Calcot Developments Limited
Unaudited accounts
for the year ended 31 January 2024
Calcot Developments Limited
Unaudited accounts
Contents
Calcot Developments Limited
Company Information
for the year ended 31 January 2024
Company Number
04611594 (England and Wales)
Registered Office
5 Cotswold Way
Tilehurst
Reading
Berkshire
RG31 6SH
England
Calcot Developments Limited
Statement of financial position
as at 31 January 2024
Tangible assets
56,479
63,249
Investment property
1,220,000
960,000
Inventories
994,824
858,437
Cash at bank and in hand
2,321,432
2,368,849
Creditors: amounts falling due within one year
(40,010)
(10,914)
Net current assets
3,366,611
3,314,047
Total assets less current liabilities
4,643,090
4,337,296
Provisions for liabilities
Deferred tax
(173,502)
(124,102)
Net assets
4,469,588
4,213,194
Called up share capital
2
2
Revaluation reserve
913,172
653,172
Profit and loss account
3,556,414
3,560,020
Shareholders' funds
4,469,588
4,213,194
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2024 and were signed on its behalf by
M J Ward
Director
Company Registration No. 04611594
Calcot Developments Limited
Notes to the Accounts
for the year ended 31 January 2024
Calcot Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04611594. The registered office is 5 Cotswold Way, Tilehurst, Reading, Berkshire, RG31 6SH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Development land and developments in progress are valued at the lower of cost and net realisable value, after making due allowance for any diminution in value.
Calcot Developments Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
36,002
60,500
20,288
705
117,495
At 31 January 2024
36,002
60,500
20,288
705
117,495
At 1 February 2023
3,600
33,907
16,034
705
54,246
Charge for the year
601
5,319
850
-
6,770
At 31 January 2024
4,201
39,226
16,884
705
61,016
At 31 January 2024
31,801
21,274
3,404
-
56,479
At 31 January 2023
32,402
26,593
4,254
-
63,249
Fair value at 1 February 2023
960,000
Net gain from fair value adjustments
260,000
At 31 January 2024
1,220,000
Amounts falling due within one year
Other debtors
90,365
90,368
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,090
514
Other creditors
6,600
6,600
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).