COMPANY REGISTRATION NUMBER:
06442514
|
CALADANIAN HOLDING LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
CALADANIAN HOLDING LIMITED |
|
31 December 2024
Current assets
|
Stocks |
5,492 |
|
5,492 |
|
|
Debtors |
5 |
2,670,873 |
|
1,370,223 |
|
|
Cash at bank and in hand |
22,657 |
|
1,365 |
|
|
----------- |
|
----------- |
|
|
2,699,022 |
|
1,377,080 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
3,921,731) |
|
(
3,613,946) |
|
|
----------- |
|
----------- |
|
|
Net current liabilities |
|
(
1,222,709) |
|
(
2,236,866) |
|
|
----------- |
|
----------- |
|
Total assets less current liabilities |
|
(
1,222,709) |
|
(
2,236,866) |
|
|
----------- |
|
----------- |
|
Net liabilities |
|
(
1,222,709) |
|
(
2,236,866) |
|
|
----------- |
|
----------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
7 |
|
2 |
|
2 |
|
Profit and loss account |
|
(
1,222,711) |
|
(
2,236,868) |
|
|
----------- |
|
----------- |
|
Shareholders deficit |
|
(
1,222,709) |
|
(
2,236,866) |
|
|
----------- |
|
----------- |
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2025
, and are signed on behalf of the board by:
Company registration number:
06442514
|
CALADANIAN HOLDING LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Spring Farm, Stackyard Green, Monks Eleigh, Suffolk, IP7 7BD.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated
Investments
Fixed asset investments are stated at cost less provisions for diminution in value.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, notwithstanding the net current liabilities of £1,222,709 (2023: £2,236,866). Other companies controlled by the director have confirmed their intention to financially support the company for at least 12 months from the date of approval of these financial statements. As a consequence, the director believes that the company is well placed to manage its business risks and meet liabilities as they fall due. For this reason, he continues to adopt the going concern basis in preparing accounts.
Turnover
The turnover shown in the profit and loss account represents amounts for services provided during the year, exclusive of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial assets, which include trade and other receivables, loans to other related parties and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables and loans from other related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Employee benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2023:
7
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
11,638 |
14,891 |
|
Other debtors |
2,659,235 |
1,355,332 |
|
----------- |
----------- |
|
2,670,873 |
1,370,223 |
|
----------- |
----------- |
|
|
|
Included in other debtors are amounts of £2,641,239 (2023: £1,354,880) owed by related parties.
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
4,588 |
6,861 |
|
Social security and other taxes |
327,519 |
111,787 |
|
Amounts owed to other related parties |
1,647,958 |
2,987,217 |
|
Other creditors |
1,941,666 |
508,081 |
|
----------- |
----------- |
|
3,921,731 |
3,613,946 |
|
----------- |
----------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary Class 1 shares of £ 1 each |
2 |
2 |
2 |
2 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|