ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 13756247

CALS PROPERTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

CALS PROPERTY LIMITED

REGISTERED NUMBER: 13756247

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		392,024		270,740
			392,024		270,740
Current assets
Cash at bank and in hand	5	10,978		324
		10,978		324
Creditors: amounts falling due within one year	6	(202,618)		(201,513)
Net current liabilities			(191,640)		(201,189)
Total assets less current liabilities			200,384		69,551
Creditors: amounts falling due after more than one year	7		(225,404)		(82,184)

Net liabilities			(25,020)		(12,633)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(25,022)	(12,635)
	(25,020)	(12,633)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 December 2025.

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CALS PROPERTY LIMITED

REGISTERED NUMBER: 13756247

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

................................................

P Calthorpe

Director

The notes on pages 3 to 7 form part of these financial statements.

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CALS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The legal form of the entity is a private company limited by share capital, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Greater London, England, HA1 2BY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

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

Sale of goods

Revenue 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 revenue 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

Revenue 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 revenue 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.

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CALS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

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 measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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CALS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

	Freehold investment property	Long term leasehold investment property	Total
	£	£	£
Valuation
At 1 April 2024	188,453	82,287	270,740
Additions at cost	121,284	-	121,284
At 31 March 2025	309,737	82,287	392,024

The 2025 valuations were made by the director, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	392,024	270,740
		392,024	270,740

For the financial statements to give a true and fair view, if the investment properties had been accounted for under the historic cost accounting rule then they would not have been depreciated due to their long useful life, high residual value and for the fact that the resulting amount of depreciation would be immaterial.

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	10,978	324
	10,978	324

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CALS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	200,747	200,298
Accruals and deferred income	1,871	1,215
	202,618	201,513

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other Loans	225,404	82,184
	225,404	82,184

The following liabilities were secured:
	2025	2024
	£	£


Other Loans	225,404	82,184
	225,404	82,184

Details of security provided:

The loans are secured against specific investment properties by way of fixed charge containing negative pledges.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:
	2025	2024
	£	£

	Repayable other than by instalments	225,404	82,184
		225,404	82,184

The company’s loans, which are secured on all of its properties, are structured as interest-only facilities. Accordingly, only interest is paid during the term, with the full principal becoming repayable on maturity. The loans have remaining terms of approximately 23 to 24 years, and attract interest at rates between 5.29% and 6.49%.

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CALS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025




Amounts falling due after more than 5 years
Other loans	225,404	82,184
	225,404	82,184
	225,404	82,184

9.	Transactions with directors

Included in creditors amounts falling due within one year is an amount of £200,748 (2024 - £200,298) due to the directors. The principal terms of the amounts outstanding is that it is repayable on demand and provided free of interest.

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