Caltoft Ltd - Accounts to registrar (filleted) - small 18.2

Caltoft Ltd - Accounts to registrar (filleted) - small 18.2

CALTOFT LTD - Company Information

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REGISTERED NUMBER: 12214039 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Caltoft Ltd
Caltoft Ltd (Registered number: 12214039)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caltoft Ltd


Company Information
for the Year Ended 30 September 2021







DIRECTORS: R J Verdin
C N Kemsley
C M Standish-White
A R Gardiner





REGISTERED OFFICE: Main Office
Station Road
Barnes
SW13 0HT





REGISTERED NUMBER: 12214039 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG
Page 1
Caltoft Ltd (Registered number: 12214039)


Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 627,620 1,233,308

CURRENT ASSETS
Debtors 5 11,393 92,447
Cash at bank - 221,692
11,393 314,139
CREDITORS
Amounts falling due within one year 6 638,995 1,547,429
NET CURRENT LIABILITIES (627,602 ) (1,233,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
18
18

CAPITAL AND RESERVES
Called up share capital 18 18
SHAREHOLDERS' FUNDS 18 18

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2022 and were signed on its behalf by:





C M Standish-White - Director


The notes form part of these financial statements

Page 2
Caltoft Ltd (Registered number: 12214039)


Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Caltoft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Facility and participation fees are included on an accruals basis, unless specifically provided for.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 October 2020 1,233,308
New in year 627,620
Repayment in year (1,233,308 )
At 30 September 2021 627,620

A loan facility of up to £1,823,000 on 27 February 2020, secured by a legal charge over the property known as Toft Hall Stables, Toft Road, Knutsford, Cheshire, which was repaid on 21 May 2021.The facility fees were charged at a rate of 15% and 19.8% per annum.

A loan extension of £627620 commenced on 12 August 2021 which is repayable by 12 February 2022, with facility fees charged at a rate of 13.5% per annum.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Facility fees receivable 11,375 92,429
Unpaid share capital 18 18
11,393 92,447

Page 3 continued...
Caltoft Ltd (Registered number: 12214039)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Participation fees payable 7,583 84,628
Management fees payable 3,792 7,801
Loans payable 627,620 1,455,000
638,995 1,547,429

The loans were repaid on 21 May 2021, with fees charged at a rate of 10% per annum of the loan capital balance.

An extension loan commenced on 12 August 2021, which is repayable by 12 February 2022, with fees charged at a rate of 9% per annum of the loan capital balance.

Page 4