| CAL Properties Limited |
| Registered number: |
08106557 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
4,500,000 |
|
|
4,500,000 |
| Tangible assets |
4 |
|
|
683 |
|
|
854 |
|
|
|
|
4,500,683 |
|
|
4,500,854 |
|
| Current assets |
| Debtors |
5 |
|
1,548,549 |
|
|
1,438,728 |
| Cash at bank and in hand |
|
|
59,907 |
|
|
80,167 |
|
|
|
1,608,456 |
|
|
1,518,895 |
|
| Creditors: amounts falling due within one year |
6 |
|
(276,313) |
|
|
(275,013) |
|
| Net current assets |
|
|
|
1,332,143 |
|
|
1,243,882 |
|
| Total assets less current liabilities |
|
|
|
5,832,826 |
|
|
5,744,736 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,000,000) |
|
|
(1,160,000) |
|
| Provisions for liabilities |
|
|
|
(368,773) |
|
|
(368,773) |
|
|
| Net assets |
|
|
|
4,464,053 |
|
|
4,215,963 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
9 |
|
|
2,013,136 |
|
|
2,013,136 |
| Profit and loss account |
|
|
|
2,450,817 |
|
|
2,202,727 |
|
| Shareholders' funds |
|
|
|
4,464,053 |
|
|
4,215,963 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| AM Cooksley |
| Director |
| Approved by the board on 27 May 2026 |
|
| CAL Properties Limited |
| Notes to the Accounts |
| for the year ended 31 August 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). |
|
|
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. |
|
|
Investment property |
|
Investment properties are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in the profit and loss. The fair value is based on a valuation carried out by an independent qualified valuer with relevant experience. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and equipment |
20% reducing balance |
|
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Freehold Investment Property |
£ |
|
|
|
Valuation |
|
At 1 September 2024 |
4,500,000 |
|
At 31 August 2025 |
4,500,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
4,500,000 |
|
At 31 August 2024 |
4,500,000 |
|
|
|
|
|
|
|
|
|
|
The investment property has been valued by independent professionally qualified valuers (Lambert Smith Hampton, a firm of independent Chartered Surveyors) who hold recognised relevant professional qualifications and have recent experience in the location and segment of the investment property being valued. The valuation report for investment property was reviewed to identify any changes in value. The Directors review the valuation performed by the independent valuers for financial reporting purposes and at each financial year end:
- Verifies all major inputs to the independent valuation report;
- Assesses property valuation movements when compared to the prior year valuation report; and
- Holds discussions with the independent valuer. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant & equipment |
| £ |
|
Cost |
|
At 1 September 2024 |
4,985 |
|
At 31 August 2025 |
4,985 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
4,131 |
|
Charge for the year |
171 |
|
At 31 August 2025 |
4,302 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
683 |
|
At 31 August 2024 |
854 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by related party undertakings |
|
1,249,393 |
|
1,249,393 |
|
Loan from the company to the directors |
278,132 |
|
171,280 |
|
Other debtors |
21,024 |
|
18,055 |
|
|
|
|
|
|
1,548,549 |
|
1,438,728 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
1,249,393 |
|
1,249,393 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
160,000 |
|
160,000 |
|
Taxation and social security costs |
82,754 |
|
77,424 |
|
Other creditors |
33,559 |
|
37,589 |
|
|
|
|
|
|
276,313 |
|
275,013 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,000,000 |
|
1,160,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,160,000 |
|
1,320,000 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured on the assets of the company and is repayable over 5 years at a rate of interest of 2.75% over the Bank of England base rate. |
|
|
| 9 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 September 2024 |
2,013,136 |
|
2,013,136 |
|
|
At 31 August 2025 |
2,013,136 |
|
2,013,136 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
AM Cooksley |
|
Loan 1 |
58,347 |
|
- |
|
(58,347) |
|
- |
|
Loan 2 |
- |
|
55,217 |
|
8,263 |
|
63,480 |
|
|
C Cooksley |
|
Loan 1 |
45,325 |
|
- |
|
(45,325) |
|
- |
|
Loan 2 |
- |
|
55,216 |
|
8,252 |
|
63,468 |
|
|
L Williams |
|
Loan 1 |
67,609 |
|
- |
|
(67,609) |
|
- |
|
Loan 2 |
- |
|
167,912 |
|
(16,728) |
|
151,184 |
|
|
|
171,281 |
|
278,345 |
|
(171,494) |
|
278,132 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Related party transactions |
|
|
The company has provided funding of £1,249,393 (2024: £1,249,393) to Group Ed Limited, a company under the control of the controlling shareholder of this company. This balance is disclosed in amounts owed by related party undertakings due in more than one year. There was no interest charged on this funding during the year (2024: £Nil). The terms of the loan will see interest payments start in September 2025 and then capital & interest payments from September 2026 with the loan due for full repayment by August 2036. The interest rate on the loan in future periods will be 2.75% plus Bank of England base rate. The Company has confirmed that the repayment for 25/26 have been deferred and additional funding has been provided to Group Ed Limited as part of its software development plan.
In the prior year the company provided loan funding of £5,000 to Hot Pantry Limited, which was controlled and owned by the directors. The balance due from this related party has increased by £2,000 in the year and as at 31 August 2025 the balance owing was £7,000 (2024:£5,000). There was no interest charged on this funding. |
|
|
| 12 |
Controlling party |
|
|
The company is controlled by the directors who together own more than 50% of the issued share capital. |
|
|
| 13 |
Other information |
|
|
CAL Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Wenvoe Manor |
|
Port Road |
|
Wenvoe |
|
Cardiff |
|
CF5 6AD |