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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
Page
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Calcot Developments Limited Company Information for the year ended 31 January 2024
Directors
M Ward M J Ward
Company Number
04611594 (England and Wales)
Registered Office
5 Cotswold Way Tilehurst Reading Berkshire RG31 6SH England
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Calcot Developments Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,479 
63,249 
Investment property
1,220,000 
960,000 
1,276,479 
1,023,249 
Current assets
Inventories
994,824 
858,437 
Debtors
90,365 
97,675 
Cash at bank and in hand
2,321,432 
2,368,849 
3,406,621 
3,324,961 
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 
Capital and reserves
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
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Calcot Developments Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Inventories
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.
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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 
Depreciation
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 
Net book value
At 31 January 2024
31,801 
21,274 
3,404 
- 
56,479 
At 31 January 2023
32,402 
26,593 
4,254 
- 
63,249 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
960,000 
Net gain from fair value adjustments
260,000 
At 31 January 2024
1,220,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,307 
Other debtors
90,365 
90,368 
90,365 
97,675 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,520 
- 
Taxes and social security
14,090 
514 
Other creditors
6,600 
6,600 
Accruals
3,800 
3,800 
40,010 
10,914 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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