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REGISTERED NUMBER: SC074797 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Calren Limited

Calren Limited (Registered number: SC074797)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calren Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr W G MacCallum
Mrs A D R MacCallum





SECRETARY: Peterkins Solicitors





REGISTERED OFFICE: Findhorn Sands House
Findhorn
Forres
IV36 3YZ





REGISTERED NUMBER: SC074797 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Calren Limited (Registered number: SC074797)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,815,731 3,730,527

CURRENT ASSETS
Stocks 686,171 852,120
Debtors 5 218,288 325,701
Cash at bank and in hand 61,514 71,948
965,973 1,249,769
CREDITORS
Amounts falling due within one year 6 638,893 942,863
NET CURRENT ASSETS 327,080 306,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,142,811

4,037,433

CREDITORS
Amounts falling due after more than one year 7 (20,278 ) (30,011 )

PROVISIONS FOR LIABILITIES (42,259 ) (18,166 )
NET ASSETS 4,080,274 3,989,256

CAPITAL AND RESERVES
Called up share capital 9 36,645 36,645
Revaluation reserve 10 2,433,056 2,433,056
Retained earnings 1,610,573 1,519,555
SHAREHOLDERS' FUNDS 4,080,274 3,989,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Calren Limited (Registered number: SC074797)

Balance Sheet - continued
31 January 2025


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 19 March 2025 and were signed on its behalf by:




Mr W G MacCallum - Director



Mrs A D R MacCallum - Director


Calren Limited (Registered number: SC074797)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Calren Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received and receivable, excluding discounts, rebates and value added tax. The following criteria must also be met before turnover is recognised:

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildingsat variable rates
Plant and equipment25% on reducing balance
Fixtures and fittings25% on reducing balance
Motor vehicles25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Calren Limited (Registered number: SC074797)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that at are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

Calren Limited (Registered number: SC074797)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 3,616,061 234,255 3,850,316
Additions 30,634 90,649 121,283
Disposals - (8,000 ) (8,000 )
At 31 January 2025 3,646,695 316,904 3,963,599
DEPRECIATION
At 1 February 2024 - 119,789 119,789
Charge for year - 30,808 30,808
Eliminated on disposal - (2,729 ) (2,729 )
At 31 January 2025 - 147,868 147,868
NET BOOK VALUE
At 31 January 2025 3,646,695 169,036 3,815,731
At 31 January 2024 3,616,061 114,466 3,730,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 143,431 245,498
Other debtors 74,857 80,203
218,288 325,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 9,733 9,733
Trade creditors 149,234 358,192
Taxation and social security 35,573 1,128
Other creditors 444,353 573,810
638,893 942,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 20,278 30,011

Calren Limited (Registered number: SC074797)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Hire purchase contracts 30,011 39,744

Hire purchase contracts are secured over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £ £
15,323 'A' Ordinary £1 15,323 15,323
15,322 'B' Ordinary £1 15,322 15,322
2,000 'C' Ordinary £1 2,000 2,000
2,000 'D' Ordinary £1 2,000 2,000
2,000 'E' Ordinary £1 2,000 2,000
36,645 36,645

10. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 2,433,056

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mrs A D R MacCallum
Balance outstanding at start of year (50,000 ) -
Amounts advanced 90,000 -
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,000 (50,000 )

The loan is unsecured, interest free and is repayable on demand.