Registered number
08446970
Callistus Developments Limited
Filleted Accounts
31 March 2025
Callistus Developments Limited
Registered number: 08446970
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 - 7,250
Current assets
Debtors 4 25,820 33,563
Cash at bank and in hand 44,674 25,117
70,494 58,680
Creditors: amounts falling due within one year 5 (8,893) (12,023)
Net current assets 61,601 46,657
Net assets 61,601 53,907
Capital and reserves
Called up share capital 100 100
Profit and loss account 61,501 53,807
Shareholder's funds 61,601 53,907
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R J Bedford
Director
Approved by the board on 24 June 2025
Callistus Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), hereafter referred to as "FRS 102 S1A".
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 April 2024 7,250
Disposals (7,250)
At 31 March 2025 -
4 Debtors 2025 2024
£ £
Other debtors 25,820 33,563
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 7,994 11,123
Other creditors 899 900
8,893 12,023
6 Loans to directors
Provided short term, interest free, unsecured and repayable upon demand B/fwd Paid Repaid C/fwd
£ £ £ £
Mr R J Bedford
Loans to directors 9,952 16,977 (17,000) 9,929
7 Related party transactions
Director's Loan Account
The director is a related party to the company. At 31 March the related party owed the company, (2024: the related party owed the company). The amounts owed are disclosed in note 6 above. The loans are provided interest free, are unsecured, short term and are repayable upon demand.
8 Controlling party
The director is the controlling party by virtue of his ownership of 100% of the company's issued share capital.
9 Other information
Callistus Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cadman House
Wharf Road
Sale
Manchester
M33 2AF
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