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REGISTERED NUMBER: 08244143 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALYPSO DEVELOPMENT HOLDINGS LTD

CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALYPSO DEVELOPMENT HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: L P F Morel Ruymen





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 08244143 (England and Wales)






CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 926,602 926,602

CURRENT ASSETS
Debtors 5 7,503,472 5,110,604
Cash at bank 272,117 1,343,403
7,775,589 6,454,007
CREDITORS
Amounts falling due within one year 6 113,222 105,751
NET CURRENT ASSETS 7,662,367 6,348,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,588,969

7,274,858

CREDITORS
Amounts falling due after more than
one year

7

867,652

-
NET ASSETS 7,721,317 7,274,858

CAPITAL AND RESERVES
Called up share capital 8 20 20
Share premium 6,795,991 6,795,991
Retained earnings 925,306 478,847
SHAREHOLDERS' FUNDS 7,721,317 7,274,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 21 October 2024 and were signed by:





L P F Morel Ruymen - Director


CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Calypso Development Holdings Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 (2022 - NIL).

CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 926,602
NET BOOK VALUE
At 31 December 2023 926,602
At 31 December 2022 926,602

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Llucari Hotel Development Ltd
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 412,168 916,500
(Loss)/profit for the year (641,267 ) 22,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 7,492,665 5,099,193
VAT 10,807 11,411
7,503,472 5,110,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,952 16,481
Other creditors 89,270 89,270
113,222 105,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 867,652 -

CALYPSO DEVELOPMENT HOLDINGS LTD (REGISTERED NUMBER: 08244143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £0.01 20 20

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' from the disclosures relating to transactions with other group companies.

10. CONTROLLING PARTY

The company is owned 50% by Equipage Limited and 50% by Xavier Castelli. The company is under the control of the director Laurent Morel Ruymen.