IRIS Accounts Production v25.2.0.378 06936020 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069360202023-12-31069360202024-12-31069360202024-01-012024-12-31069360202022-12-31069360202023-01-012023-12-31069360202023-12-3106936020ns15:EnglandWales2024-01-012024-12-3106936020ns14:PoundSterling2024-01-012024-12-3106936020ns10:Director12024-01-012024-12-3106936020ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106936020ns10:SmallEntities2024-01-012024-12-3106936020ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106936020ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106936020ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106936020ns10:FullAccounts2024-01-012024-12-3106936020ns10:Director22024-01-012024-12-3106936020ns10:RegisteredOffice2024-01-012024-12-3106936020ns5:CurrentFinancialInstruments2024-12-3106936020ns5:CurrentFinancialInstruments2023-12-3106936020ns5:Non-currentFinancialInstruments2024-12-3106936020ns5:Non-currentFinancialInstruments2023-12-3106936020ns5:ShareCapital2024-12-3106936020ns5:ShareCapital2023-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3106936020ns5:RetainedEarningsAccumulatedLosses2024-12-3106936020ns5:RetainedEarningsAccumulatedLosses2023-12-3106936020ns5:PlantMachinery2024-01-012024-12-3106936020ns5:PlantMachinery2023-12-3106936020ns5:PlantMachinery2024-12-3106936020ns5:PlantMachinery2023-12-3106936020ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3106936020ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3106936020ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106936020ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106936020ns5:RetainedEarningsAccumulatedLosses2023-12-3106936020ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3106936020ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 06936020 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CALNIC INVESTMENTS LTD

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALNIC INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S Branton-Speak
N Branton-Speak





REGISTERED OFFICE: 10 Heathview Gardens
Putney
London
SW15 3SZ





REGISTERED NUMBER: 06936020 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,844 3,071
Investments 5 2,070,588 107,200
Investment property 6 3,292,335 3,606,874
5,413,767 3,717,145

CURRENT ASSETS
Debtors 7 98,000 -
Investments 8 406,623 310,265
Cash at bank 2,787 4,344
507,410 314,609
CREDITORS
Amounts falling due within one year 9 5,154,185 3,594,834
NET CURRENT LIABILITIES (4,646,775 ) (3,280,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,992

436,920

CREDITORS
Amounts falling due after more than one year 10 (40,908 ) -

PROVISIONS FOR LIABILITIES (19,674 ) (2,924 )
NET ASSETS 706,410 433,996

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 (893,542 ) (907,961 )
Retained earnings 11 1,599,950 1,341,955
706,410 433,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

BALANCE SHEET - continued
31 DECEMBER 2024


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 20 August 2025 and were signed on its behalf by:





S Branton-Speak - Director


CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Calnic Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. Included in these judgements and estimates are:

Investment properties: The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The directors have determined the fair value at 31 December 2024. There is an inevitable degree of judgement involved in that each property is unique and value can only be ultimately be reliably tested in the market itself. The directors aim to determine the open market valuation of every property. In order to do so the directors use appropriate market evidence based upon recent sales of comparable properties using available data at the year-end. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised as turnover in the period to which the income relates.

Ticket sales are recognised as turnover in the period that the event to which the ticket relates, takes place.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33.33% on cost and 25% on cost

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Investment property
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.

Investment properties consist of land and buildings which are not occupied by or in the operations of the company or for sale in the ordinary course of business but are held to earn rental income together with the potential capital and income growth.

Investment properties are initially recognised at cost, being the fair value of consideration given, including transaction costs associated with the investment property. Any subsequent capital expenditure incurred in improving investment properties is capitalised in the period incurred and included within the book costs of the property.

After initial recognition, investment properties are measured at fair value with gains and losses recognised in profit or loss. Deferred tax is provided on the gains or losses during the year as necessary.

Investments - Wimbledon debentures
The investments in Centre Court debentures are initially recognised at cost. The investment is amortised over the life of the asset of 5 years on a straight line basis.

Investments - unlisted shares
The investments in unlisted shares are initially recognised at cost and subsequently stated at cost less any accumulated impairment losses.

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.

Leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 33,663
Additions 57,120
At 31 December 2024 90,783
DEPRECIATION
At 1 January 2024 30,592
Charge for year 9,347
At 31 December 2024 39,939
NET BOOK VALUE
At 31 December 2024 50,844
At 31 December 2023 3,071

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 57,120
At 31 December 2024 57,120
DEPRECIATION
Charge for year 7,959
At 31 December 2024 7,959
NET BOOK VALUE
At 31 December 2024 49,161

5. FIXED ASSET INVESTMENTS

31.12.24 31.12.23
£    £   
Other investments not loans 2,070,588 107,200

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
Additions 2,016,988
At 31 December 2024 2,016,988
NET BOOK VALUE
At 31 December 2024 2,016,988

Investments (neither listed nor unlisted) were as follows:
31.12.24 31.12.23
£    £   
Wimbledon debentures - Cost 269,350 269,350
Wimbledon debentures - Amortisation (215,750 ) (162,150 )
53,600 107,200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 3,606,874
Disposals (314,539 )
At 31 December 2024 3,292,335
NET BOOK VALUE
At 31 December 2024 3,292,335
At 31 December 2023 3,606,874

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 (917,595 )
Cost 4,209,930
3,292,335

The company's investment properties have been internally valued by a director. Details of the estimates and assumptions made and key sources of estimation uncertainty are provided in the accounting policies.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 98,000 -

CALNIC INVESTMENTS LTD (REGISTERED NUMBER: 06936020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Interactive Brokers account 406,623 310,265

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Finance leases 10,659 -
Taxation and social security 50,036 43,230
Other creditors 5,093,490 3,551,604
5,154,185 3,594,834

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Finance leases 40,908 -

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 1,341,955 (907,961 ) 433,994
Profit for the year 272,414 272,414
Fair value reserve transfer (14,419 ) 14,419 -
At 31 December 2024 1,599,950 (893,542 ) 706,408

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Director
Balance outstanding at start of year (3,545,811 ) (6,293,848 )
Amounts advanced 2,720,107 2,976,313
Amounts repaid (2,261,969 ) (228,276 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,087,673 ) (3,545,811 )

Interest is paid on the loan at the discretion of the directors.

13. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £2,000,000 (2023 - £Nil) to shareholders who are not directors.

During the year interest of £64,000 (2023 - £Nil) was paid to the shareholders.