Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01650472 2023-07-01 2024-06-30 01650472 2022-07-01 2023-06-30 01650472 2024-06-30 01650472 2023-06-30 01650472 c:Director1 2023-07-01 2024-06-30 01650472 d:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 01650472 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 01650472 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 01650472 d:FreeholdInvestmentProperty 2024-06-30 01650472 d:FreeholdInvestmentProperty 2023-06-30 01650472 d:CurrentFinancialInstruments 2024-06-30 01650472 d:CurrentFinancialInstruments 2023-06-30 01650472 d:Non-currentFinancialInstruments 2024-06-30 01650472 d:Non-currentFinancialInstruments 2023-06-30 01650472 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01650472 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01650472 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 01650472 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 01650472 d:ShareCapital 2024-06-30 01650472 d:ShareCapital 2023-06-30 01650472 d:RetainedEarningsAccumulatedLosses 2024-06-30 01650472 d:RetainedEarningsAccumulatedLosses 2023-06-30 01650472 c:FRS102 2023-07-01 2024-06-30 01650472 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01650472 c:FullAccounts 2023-07-01 2024-06-30 01650472 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01650472 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 01650472 2 2023-07-01 2024-06-30 01650472 4 2023-07-01 2024-06-30 01650472 6 2023-07-01 2024-06-30 01650472 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-07-01 2024-06-30 01650472 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 01650472









CALHURST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CALHURST LIMITED
REGISTERED NUMBER: 01650472

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 6 
1,278,048
4,301,481

Investments
  
75,734
333,157

  
1,353,782
4,634,638

Current assets
  

Debtors: amounts falling due within one year
 7 
3,903,653
3,134,617

Cash at bank and in hand
  
993,893
458,348

  
4,897,546
3,592,965

Creditors: amounts falling due within one year
 8 
(5,002,887)
(5,608,538)

Net current liabilities
  
 
 
(105,341)
 
 
(2,015,573)

Total assets less current liabilities
  
1,248,441
2,619,065

Creditors: amounts falling due after more than one year
 9 
(826,825)
(2,236,986)

  

Net assets
  
421,616
382,079


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
371,616
332,079

  
421,616
382,079


Page 1

 
CALHURST LIMITED
REGISTERED NUMBER: 01650472
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 March 2025.



A Thrasyvoulou
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Calhurst Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The individual financial statements of Calhurst Limited have been prepared in compliance with United Kingdom accounting standards, including Section 1A Small Entities of Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental Income
Properties are rented to tenants on a monthly basis at a fixed monthly rate. The rental income receivable is recognised through the Statement of Income and Retained Earnings in the relevant accounting period to the monthly invoices. Rental income is measured at the fair value of consideration less value added taxes.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Investment property

Investment property is carried at the fair value of a beneficial interest in the property, being the market value of the property less the outstanding loan on it. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in related undertakings are measured at cost less accumulated impairment.
Investments in gold are measured at fair value. Changes in fair value are recognised through profit or loss. Fair value is estimated by using market commodity prices.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Page 4

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Brands

£



Cost


Additions
50,000



At 30 June 2024

50,000



Amortisation


Charge for the year on owned assets
50,000



At 30 June 2024

50,000



Net book value



At 30 June 2024
-



At 30 June 2023
-




5.


Fixed asset investments





Investments in related undertakings
Gold
Total

£
£
£



Cost or valuation


At 1 July 2023
75,734
257,423
333,157


Disposals
-
(257,423)
(257,423)



At 30 June 2024
75,734
-
75,734




Page 5

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
4,301,481


Disposals
(3,023,433)



At 30 June 2024
1,278,048

The 2024 valuations were made by the director , on an open market value for existing use basis.






Page 6

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
-
12,308

Other debtors
3,896,734
3,058,576

Prepayments and accrued income
6,919
1,570

Tax recoverable
-
62,163

3,903,653
3,134,617



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,940
1,463

Other taxation and social security
-
2,916

Other creditors
4,570,401
5,322,438

Accruals and deferred income
422,546
281,721

5,002,887
5,608,538



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
826,825
2,236,986

826,825
2,236,986


The bank loan is secured by a charge over 10 Maryland Road. The Mortgage is interest only over 60 months from October 2021. Interest is fixed at 2.59% until 19 October 2026 and is payable monthly. 


10.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,171 (2023: £3,171). Contributions totalling £nil (2023: £nil) were payable to the fund at the reporting date.

Page 7

 
CALHURST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Related party transactions

At the reporting date, the director owed £255,936 (2023: £Nil) to the company. Interest of £2,330 (2023: £6,493) was charged on the overdrawn balance. 
During the year, interest of £111,315 (2023: £111,315) and £44,568 (2023: £44,568) were received from New Parkgate Limited and Ahamvastu Limited respectively, which are entities under common control.
Other creditors and other debtors include amounts owed to related companies in which A Thrasyvoulou is either a director or has significant influence on the general running of the business. No formal arrangements exist for the repayment of these amounts which arise as balances are transferred to assist with the working capital requirements in each company.
As at 30 June 2024 the following amounts were due from / to each company. 


2024
2023
£
£

Debtors
Prostoparon Limited
830,673
647,880
Ahamvastu Limited
1,012,020
787,329
New Parkgate Limited
963,284
1,104,074
New World Hospitality UK Limited
588,132
338,893
3,394,109
2,878,176
Creditors
Arisco Properties Limited
656,039
591,039
My Bright Limited
954,845
770,609
My Ltd
-
96,000
Roundlodge Limited
396,091
358,591
Airminster Limited
861,164
1,799,734
Calhurst Trust
762,886
767,089
New Parkgate Limited (on Panzer wind up)
939,376
939,376
4,570,401
5,322,438

 
Page 8