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REGISTERED NUMBER: 05444346 (England and Wales)















CALLAN PROPERTIES LIMITED

Unaudited Financial Statements

for the Period 1 August 2023 to 31 May 2024






CALLAN PROPERTIES LIMITED (REGISTERED NUMBER: 05444346)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CALLAN PROPERTIES LIMITED

Company Information
for the Period 1 August 2023 to 31 May 2024







DIRECTORS: L T Callan
D P Callan
C T Callan





REGISTERED OFFICE: 30 Plume Street
Aston
Birmingham
West Midlands
B6 7RT





REGISTERED NUMBER: 05444346 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CALLAN PROPERTIES LIMITED (REGISTERED NUMBER: 05444346)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,594,347 1,405,000

CURRENT ASSETS
Cash at bank 76 76

CREDITORS
Amounts falling due within one year 5 405,653 405,653
NET CURRENT LIABILITIES (405,577 ) (405,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,188,770

999,423

PROVISIONS FOR LIABILITIES 258,242 210,905
NET ASSETS 930,528 788,518

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 6 822,063 632,716
Retained earnings 108,165 155,502
930,528 788,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

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 Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:




D P Callan - Director


CALLAN PROPERTIES LIMITED (REGISTERED NUMBER: 05444346)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 May 2024

1. STATUTORY INFORMATION

Callan Properties Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 period 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 period was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 August 2023 1,405,000
Revaluations 189,347
At 31 May 2024 1,594,347
NET BOOK VALUE
At 31 May 2024 1,594,347
At 31 July 2023 1,405,000

CALLAN PROPERTIES LIMITED (REGISTERED NUMBER: 05444346)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Freehold
property
£   
Valuation in 2021 843,622
Valuation in 2024 189,347
Cost 561,378
1,594,347

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 384,106 384,106
Tax 21,547 21,547
405,653 405,653

6. RESERVES
Revaluation
reserve
£   
At 1 August 2023 632,716
Revaluation in Year 189,347

At 31 May 2024 822,063