Caleb Development Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04714239

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,175		450,770
Investments	5		100		-

			1,275		450,770
CURRENT ASSETS
Stocks		428,864		3,888,052
Debtors	6	593,328		2,986
Cash at bank and in hand		21,379		38,466

		1,043,571		3,929,504
Creditors: Amounts Falling Due Within One Year	7	(266,663 )		(170,652 )

NET CURRENT ASSETS (LIABILITIES)			776,908		3,758,852

TOTAL ASSETS LESS CURRENT LIABILITIES			778,183		4,209,622

Creditors: Amounts Falling Due After More Than One Year	8		(834,501 )		(3,795,549 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(294 )		(9,633 )

NET (LIABILITIES)/ASSETS			(56,612 )		404,440

CAPITAL AND RESERVES
Called up share capital	10		51		51
Revaluation reserve			-		98,643
Capital redemption reserve			49		49
Profit and Loss Account			(56,712 )		305,697

SHAREHOLDERS' FUNDS			(56,612)		404,440

Page 1

Page 2

Caleb Development Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A J Green

Director

1 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Caleb Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04714239 . The registered office is 1 Sovereign Business Park, 48 Willis Way, Poole, Dorset, BH15 3TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. Although the company has accumulated losses and net liabilities at the balance sheet date, the directors have considered the company’s forecasts and underlying asset position.

The company holds investment properties which are let and continue to generate rental income. The directors expect this rental income to continue for the foreseeable future and consider that it will be sufficient to meet the company’s ongoing liabilities as they fall due.

Accordingly, the directors believe that the company will be able to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements and that it is therefore appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount recived is recognised as interest income.

Revenue relaetd to the development of properties is recognised upon completion.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment

25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

Page 3

Page 4

Caleb Development Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.7. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Investment Properties	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2025	450,000	3,047	453,047
Additions	-	682	682
Disposals	(450,000 )	(782 )	(450,782 )

As at 31 March 2026	-	2,947	2,947

Depreciation
As at 1 April 2025	-	2,277	2,277
Provided during the period	-	193	193
Disposals	-	(698 )	(698 )

As at 31 March 2026	-	1,772	1,772

...CONTINUED

Page 4

Page 5

Caleb Development Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	-	1,175	1,175

As at 1 April 2025	450,000	770	450,770

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2025	-
Additions	100

As at 31 March 2026	100

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	100

As at 1 April 2025	-

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	4,837	2,986
Due after more than one year
Amounts owed by group undertakings	588,491	-

	593,328	2,986

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,797	2,725
Bank loans and overdrafts	10,000	10,000
Other loans	60,000	32,000
Amounts owed to participating interests	2,507	3,739
Other creditors	187,359	18,767
Taxation and social security	-	103,421

	266,663	170,652

Page 5

Page 6

Caleb Development Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	16,005	21,206
Other loans	818,496	3,774,343

	834,501	3,795,549

9. Secured Creditors

Within creditors there are secured loans by way of a fixed and floating charge over the assets of the company. At the balance sheet date this amount was :

	2026		2025
	£		£
Other Creditors	285,348		2,828,239

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	51	51

Page 6