Registration number: 12288821

Calderwood Capital Research Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Calderwood Capital Research Ltd

Company Information

Director

Dylan Grice

Registered office

175 Oxford Street, London, England, England and Wales W1D 2JS

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Calderwood Capital Research Ltd

(Registration number: 12288821)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	874	1,165
Current assets
Debtors	5	-	12,158
Cash at bank and in hand		27,292	91,709
		27,292	103,867
Creditors: Amounts falling due within one year	6	(1,826)	(316,575)
Net current assets/(liabilities)		25,466	(212,708)
Net assets/(liabilities)		26,340	(211,543)
Capital and reserves
Called up share capital	7	228,566	2
Retained earnings		(202,226)	(211,545)
Shareholders' funds/(deficit)		26,340	(211,543)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 May 2026
 

......................................... Dylan Grice Director

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
175 Oxford Street,
London, England,
W1D 2JS
England and Wales

These financial statements were authorised for issue by the director on 18 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors intend for the Company to be wound-up before the conclusion of the next financial year and therefore believe that preparing the financial statements on a basis other than going concern is appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2023	3,106	3,106
At 31 October 2024	3,106	3,106
Depreciation
At 1 November 2023	1,941	1,941
Charge for the year	291	291
At 31 October 2024	2,232	2,232
Carrying amount
At 31 October 2024	874	874
At 31 October 2023	1,165	1,165

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Debtors

	2024 £	2023 £
Other debtors	-	12,158
	-	12,158

The company provided an interest-free loan of £12,158 ($15,000) in 2023, which was fully repaid during 2024.

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	26	-
Trade creditors		-	79,387
Accruals and deferred income		1,800	1,800
Other creditors		-	235,388
		1,826	316,575

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	228,566	228,566	2	2

8	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	26	-

Calderwood Capital Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9	Related party transactions

Transactions with the director

2024	At 1 November 2023 £	Repayments by director £	At 31 October 2024 £
Dylan Grice
Loan from director	65,186	(65,186)	-

2023	At 1 November 2022 £	Repayments by director £	At 31 October 2023 £
Dylan Grice
Loan from director	63,370	1,816	65,186

Summary of transactions with other related parties

The Company received loans from Mona El ISA, a shareholder of the Company. The loan was fully repaid on 31 October 2024.

Loans from related parties

2024	Other related parties £	Total £
At start of period	170,203	170,203
Repaid	(163,396)	(163,396)
Impairment	(6,807)	(6,807)
At end of period	-	-

2023	Other related parties £	Total £
Advanced	170,203	170,203
At end of period	170,203	170,203