Registered number: 09243573 | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
Prepared By: | ||||||||
Delrose Consulting Ltd | ||||||||
Chartered Management Accountants | ||||||||
Wittas House | ||||||||
Two Rivers | ||||||||
Station Lane | ||||||||
Witney | ||||||||
OX28 4BH |
CALLON HINE INVESTMENTS LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
12,825 | 25,311 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 22,591 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 262,488 | 258,275 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1c,9 | 170,000 | 100,000 | |||||||
Profit and loss account | (22,734) | 3,788 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
CALLON HINE INVESTMENTS LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
Plant and Machinery | 25% | |||||||
Fixtures and Fittings | 15% |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
1d. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - section 1A ' The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
2. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/02/2023 | 354,455 | 354,455 | ||
Revaluation | 70,000 | 70,000 | ||
At 31/01/2024 | 424,455 | 424,455 | ||
CALLON HINE INVESTMENTS LTD | ||||||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Directors current account | 9,091 | - | ||||||
9,091 | - | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Directors current account | - | 505 | ||||||
Other creditors | 100 | 1,700 | ||||||
Accruals | 515 | 515 | ||||||
615 | 2,720 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Paragon loan | 262,488 | 258,275 | ||||||
262,488 | 258,275 | |||||||
Paragon Bank holds a fixed charge on the investment property. | ||||||||
6. EMPLOYEES | ||||||||
2024 | 2023 | |||||||
No. | No. | |||||||
Average number of employees | - | |||||||
There were no employees during the year. | ||||||||
CALLON HINE INVESTMENTS LTD | ||||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 32,300 | 19,000 | ||||||
32,300 | 19,000 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Investment Property revaluation reserve | 170,000 | 100,000 | ||||||
170,000 | 100,000 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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