Silverfin false 29/05/2023 01/06/2022 29/05/2023 Mukesh Kumar Sehgal 15/12/2023 10/10/2002 Promila Sehgal 08/10/2024 10/10/2002 Manoj Vadhera 08/10/2024 10 March 2025 The principal activity for the company continued to be that of property investment. 04547500 2023-05-29 04547500 bus:Director1 2023-05-29 04547500 bus:Director2 2023-05-29 04547500 bus:Director3 2023-05-29 04547500 2022-05-31 04547500 core:CurrentFinancialInstruments 2023-05-29 04547500 core:CurrentFinancialInstruments 2022-05-31 04547500 core:ShareCapital 2023-05-29 04547500 core:ShareCapital 2022-05-31 04547500 core:RetainedEarningsAccumulatedLosses 2023-05-29 04547500 core:RetainedEarningsAccumulatedLosses 2022-05-31 04547500 core:CurrentFinancialInstruments core:Secured 2023-05-29 04547500 bus:OrdinaryShareClass1 2023-05-29 04547500 2022-06-01 2023-05-29 04547500 bus:FullAccounts 2022-06-01 2023-05-29 04547500 bus:SmallEntities 2022-06-01 2023-05-29 04547500 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-29 04547500 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-29 04547500 bus:Director1 2022-06-01 2023-05-29 04547500 bus:Director2 2022-06-01 2023-05-29 04547500 bus:Director3 2022-06-01 2023-05-29 04547500 2021-06-01 2022-05-31 04547500 core:CurrentFinancialInstruments 2022-06-01 2023-05-29 04547500 bus:OrdinaryShareClass1 2022-06-01 2023-05-29 04547500 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04547500 (England and Wales)

CALIBRE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 29 MAY 2023
PAGES FOR FILING WITH THE REGISTRAR

CALIBRE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 29 MAY 2023

Contents

CALIBRE PROPERTIES LIMITED

BALANCE SHEET

AS AT 29 MAY 2023
CALIBRE PROPERTIES LIMITED

BALANCE SHEET (continued)

AS AT 29 MAY 2023
Note 29.05.2023 31.05.2022
£ £
Fixed assets
Investment property 3 350,000 350,000
350,000 350,000
Current assets
Debtors 4 0 649
Cash at bank and in hand 15,757 18,599
15,757 19,248
Creditors: amounts falling due within one year 5 ( 934,663) ( 946,317)
Net current liabilities (918,906) (927,069)
Total assets less current liabilities (568,906) (577,069)
Provision for liabilities 6 ( 130,000) ( 130,000)
Net liabilities ( 698,906) ( 707,069)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 699,006 ) ( 707,169 )
Total shareholder's deficit ( 698,906) ( 707,069)

For the financial period ending 29 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Calibre Properties Limited (registered number: 04547500) were approved and authorised for issue by the Director on 10 March 2025. They were signed on its behalf by:

Manoj Vadhera
Director
CALIBRE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 29 MAY 2023
CALIBRE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 29 MAY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Calibre Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 125a Kenton Road, Newcastle Upon Tyne, NE3 4NQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £698,906. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rents receivable in accordance with the underlying property leases and exclusive of Value Added Tax where there are options to tax on properties.

Lease incentives (such as rent free periods) are spread over the entire period of the lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.06.2022 to
29.05.2023
Year ended
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 2

3. Investment property

Investment property
£
Valuation
As at 01 June 2022 350,000
As at 29 May 2023 350,000

Valuation

The property was valued by the directors at the year end.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

29.05.2023 31.05.2022
£ £
Historic cost 1,654,629 1,654,629

4. Debtors

29.05.2023 31.05.2022
£ £
Prepayments 0 649

5. Creditors: amounts falling due within one year

29.05.2023 31.05.2022
£ £
Bank loans (secured) 631,869 669,571
Trade creditors 1,368 1,272
Amounts owed to director 178,000 178,000
Accruals and deferred income 73,102 87,071
Taxation and social security 28,046 10,403
Other creditors 22,278 0
934,663 946,317

Bank loans secured on the company's investment property are £631,869 (2022 - £669,571).

6. Provision for liabilities

29.05.2023 31.05.2022
£ £
Other provisions 130,000 130,000

Included within provisions are dilapidation costs of £130,000 (2022 - £130,000)

7. Called-up share capital

29.05.2023 31.05.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

29.05.2023 31.05.2022
£ £
Amounts outstanding at the year end 178,000 178,000

Other related party transactions

29.05.2023 31.05.2022
£ £
Property management fees payable 4,720 6,221