BrightAccountsProduction v1.0.0 v1.0.0 2023-08-01 The company was not dormant during the period The company was trading for the entire period The principal activity is that of holiday and other collective accommodation. 29 April 2025 2 2 09694379 2024-07-31 09694379 2023-07-31 09694379 2022-07-31 09694379 2023-08-01 2024-07-31 09694379 2022-08-01 2023-07-31 09694379 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09694379 uk-curr:PoundSterling 2023-08-01 2024-07-31 09694379 uk-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09694379 uk-bus:FullAccounts 2023-08-01 2024-07-31 09694379 uk-bus:Director1 2023-08-01 2024-07-31 09694379 uk-bus:Director2 2023-08-01 2024-07-31 09694379 uk-bus:RegisteredOffice 2023-08-01 2024-07-31 09694379 uk-bus:Agent1 2023-08-01 2024-07-31 09694379 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09694379 uk-core:ShareCapital 2024-07-31 09694379 uk-core:ShareCapital 2023-07-31 09694379 uk-core:OtherReservesSubtotal 2024-07-31 09694379 uk-core:OtherReservesSubtotal 2023-07-31 09694379 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 09694379 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 09694379 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 09694379 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 09694379 uk-bus:FRS102 2023-08-01 2024-07-31 09694379 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 09694379 uk-core:WithinOneYear 2024-07-31 09694379 uk-core:WithinOneYear 2023-07-31 09694379 uk-core:OtherMiscellaneousReserve 2023-07-31 09694379 uk-core:OtherMiscellaneousReserve 2023-08-01 2024-07-31 09694379 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-07-31 09694379 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-07-31 09694379 uk-core:OtherDeferredTax 2024-07-31 09694379 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-07-31 09694379 uk-core:OtherMiscellaneousReserve 2024-07-31 09694379 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 09694379
 
 
McCallum Investments Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 July 2024



McCallum Investments Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Kristian Carnell
Cheryl Corcoran
 
 
Company Registration Number 09694379
 
 
Registered Office and Business Address 22 Medusa Road
London
SE6 4JW
United Kingdom
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG



McCallum Investments Limited

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of McCallum Investments Limited
for the financial year ended 31 July 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 July 2024 as set out on pages  to 10 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of McCallum Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 July 2024 your duty to ensure that McCallum Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McCallum Investments Limited. You consider that McCallum Investments Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of McCallum Investments Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
29 April 2025



McCallum Investments Limited
Company Registration Number: 09694379
STATEMENT OF FINANCIAL POSITION
as at 31 July 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 472,199 468,323
───────── ─────────
 
Current Assets
Cash and cash equivalents 314,624 343,946
Payables: amounts falling due within one year 5 (29,323) (71,845)
───────── ─────────
Net Current Assets 285,301 272,101
───────── ─────────
Total Assets less Current Liabilities 757,500 740,424
 
Provisions for liabilities 7 (18,209) (18,209)
───────── ─────────
Net Assets 739,291 722,215
═════════ ═════════
 
Equity
Called up share capital 100 100
Other reserves 78,020 78,020
Retained earnings 661,171 644,095
───────── ─────────
Equity attributable to owners of the company 739,291 722,215
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 April 2025 and signed on its behalf by
           
           
________________________________          
Cheryl Corcoran          
Director          
           



McCallum Investments Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 July 2024

   
1. General Information
 
McCallum Investments Limited is a company limited by shares incorporated in the United Kingdom. 22 Medusa Road, London, SE6 4JW, United Kingdom is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Exceptional item
Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Directors 2 2
  ═════════ ═════════
         
4. Property, plant and equipment
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 August 2023 463,418 34,857 498,275
Additions - 7,654 7,654
  ───────── ───────── ─────────
At 31 July 2024 463,418 42,511 505,929
  ───────── ───────── ─────────
Depreciation
At 1 August 2023 - 29,952 29,952
Charge for the financial year - 3,778 3,778
  ───────── ───────── ─────────
At 31 July 2024 - 33,730 33,730
  ───────── ───────── ─────────
Carrying amount
At 31 July 2024 463,418 8,781 472,199
  ═════════ ═════════ ═════════
At 31 July 2023 463,418 4,905 468,323
  ═════════ ═════════ ═════════
       
5. Payables 2024 2023
Amounts falling due within one year £ £
 
Short Term Loan 116 116
Taxation  (Note 6) 4,579 47,101
Directors' current accounts 24,628 24,628
  ───────── ─────────
  29,323 71,845
  ═════════ ═════════
       
6. Taxation 2024 2023
  £ £
 
Payables:
Corporation tax 4,579 47,101
  ═════════ ═════════
           
7. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Property Total Total
  allowances revaluations    
         
      2024 2023
  £ £ £ £
 
At financial year start (92) 18,301 18,209 18,411
Charged to profit and loss - - - (202)
  ───────── ───────── ───────── ─────────
At financial year end (92) 18,301 18,209 18,209
  ═════════ ═════════ ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2024.