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Registered Number: 09432562
England and Wales

 

 

 

CALIDUS PROPERTY LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 800,000    800,000 
Investments 4 173,320    127,526 
973,320    927,526 
Current assets      
Debtors 5,084    3,806 
Cash at bank and in hand 1,707    2,023 
6,791    5,829 
Creditors: amount falling due within one year (257,801)   (262,637)
Net current assets (251,010)   (256,808)
 
Total assets less current liabilities 722,310    670,718 
Creditors: amount falling due after more than one year (548,849)   (548,849)
Provisions for liabilities (23,871)   (10,584)
Net assets 149,590    111,285 
 

Capital and reserves
     
Called up share capital 1    1 
Reserves 5 84,456    84,456 
Profit and loss account 65,133    26,828 
Shareholders' funds 149,590    111,285 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 16 June 2025 and were signed by:


-------------------------------
J A Moran
Director
1
General Information
Calidus Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09432562, registration address Kirkpatrick and Hopes, Merlin House Brunel Road Theale, Reading, Berkshire, RG7 4AB.


1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling (£) which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net invoiced sales of services and rent receivable, excluding value added tax.  Turnover is recognised when the company obtains the right to consideration.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Investment properties
Investment property is shown at most recent valuation.  Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Depreciation is not provided in respect of freehold investment properties.  Leasehold investment properties are are not amortised where the unexpired term is over 20 years.


This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets.  The director considers that this policy is necessary in order that the financial statements may give a true and fair view because changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Fixed asset investments
Listed investments are disclosed at fair value.  Any surplus or deficit arising on valuation is reported in the profit and loss account.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

The average number of employees during the year was 
Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 October 2023 800,000    800,000 
Additions  
Disposals  
At 30 September 2024 800,000    800,000 
Depreciation
At 01 October 2023  
Charge for year  
On disposals  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 800,000    800,000 
Opening balance as at 01 October 2023 800,000    800,000 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2023 127,526    127,526 
Additions 25,000    25,000 
Transfer to/from tangible fixed assets  
Disposals (13,200)   (13,200)
Revaluations 33,994    33,994 
At 30 September 2024 173,320    173,320 

5.

Debtors: amounts falling due within one year

.   2024
£
  2023
£
Prepayments & Accrued Income 390  871 
Other Debtors 4,694  2,935 
5,084  3,806 

6.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Amounts Owed to Group Undertaking 253,281  259,877 
Other Creditors 4,520  2,761 
257,801  262,638 

7.

Creditors: amounts falling due after more than one year

.   2024
£
  2023
£
Bank Loans & Overdrafts (Secured) 548,849  548,849 
548,849  548,849 

8.

Reserves

.   2024
£
  2023
£
Revaluation of fixed assets 84,456  84,456 
84,456  84,456 

9.

Controlling party

The controlling party is Calidus Homes Limited by virtue of its shareholding.
2