REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2021 |
for |
Cameron Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2021 |
for |
Cameron Investments Limited |
Cameron Investments Limited (Registered number: 04337874) |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cameron Investments Limited |
Company Information |
for the Year Ended 31 December 2021 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants (ICAEW) |
Redland House |
157 Redland Road |
Redland |
Bristol |
BS6 6YE |
Cameron Investments Limited (Registered number: 04337874) |
Balance Sheet |
31 December 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Cameron Investments Limited (Registered number: 04337874) |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
1. | STATUTORY INFORMATION |
Cameron Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Cameron Investments Limited (Registered number: 04337874) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 January 2021 |
and 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 January 2021 |
and 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Registered office: 1 Hurle Road, Clifton, Bristol BS8 2SY |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) | ( |
) |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2021 |
Additions |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
Cameron Investments Limited (Registered number: 04337874) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Trade loan to Keybridge Associates Limited | - | 8,144 |
Trade loan to 5 M Associates Limited | 123,182 | 111,682 |
Loan to Cameron Property |
Limited | 5,468 | 4,250 |
Directors' loan accounts | 91,091 | - |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors & accruals |
Tax |
Social security and other taxes |
Other creditors |
Loan from Hootons Commercial |
Limited | 142,854 | 82,854 |
Loan from Evelynstone Limited |
Limited | 214,000 | 121,000 |
Loan from Your Stay Bristol |
Limited | 81,200 | 6,200 |
Loan from Keybridge Associates | 91,856 | - |
Directors' loan accounts | - | 191,690 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary A | £1 | 100 | 100 |
Ordinary B | £1 | 1 | 1 |
101 | 101 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2021 |
Profit for the year |
At 31 December 2021 |
Cameron Investments Limited (Registered number: 04337874) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
The overdrawn sum of £91,091 was repaid on 11 March 2022. |
12. | RELATED PARTY DISCLOSURES |
The company received an interest free loan from Hootons Commercial Limited, a company of which Mr N C H Hooton is sole director and majority shareholder. At the year end the balance outstanding on this loan amounted to £142,854 (2020 £82,854). |
In 2013, the company received an interest free loan from Your Stay Bristol Ltd ( previously known as Alderman Apartments Limited), a company controlled by Mr N C H Hooton, who is also a director. At the year end the balance outstanding on this loan amounted to £81,200 (2020 £6,200). |
The company received an interest free loan from Keybridge Associates Limited, a company of which Mr N C H Hooton owns 50% of that company's share capital. At the year end the balance outstanding on this loan amounted to £91,856. |
Mr N C H Hooton is also a director of 5 M Associates Limited and owns 33.33% of that company's share capital. The trade loan to 5 M Associates Limited is repayable on demand. At the year end the balance outstanding on this loan amounted to £123,182 (2020 £111,682). |
Mr N C Hooton is also a director of Cameron Property Limited and owns 50% of that company's share capital. The trade loan to Cameron Property Limited is repayable on demand and at the year end the balance outstanding on this loan amounted to £5,468 (2020 £4,250). |
The company received an interest free loan from Evelynstone Limited, a company of which Mr N C H Hooton's close family member is sole director and majority shareholder. At the year end the balance outstanding on this loan amounted to £214,000 (2020 £121,000). |