CAM (The Wharf) Ltd 03146306 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is provision of public entertainment at The Wharf, Tavistock Digita Accounts Production Advanced 6.30.9574.0 true true 03146306 2022-02-01 2023-01-31 03146306 2023-01-31 03146306 core:CurrentFinancialInstruments 2023-01-31 03146306 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 03146306 core:Non-currentFinancialInstruments 2023-01-31 03146306 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 03146306 core:OtherResidualIntangibleAssets 2023-01-31 03146306 core:FurnitureFittingsToolsEquipment 2023-01-31 03146306 core:OtherPropertyPlantEquipment 2023-01-31 03146306 bus:SmallEntities 2022-02-01 2023-01-31 03146306 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 03146306 bus:FullAccounts 2022-02-01 2023-01-31 03146306 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 03146306 bus:RegisteredOffice 2022-02-01 2023-01-31 03146306 bus:Director8 2022-02-01 2023-01-31 03146306 bus:CompanyLimitedByGuarantee 2022-02-01 2023-01-31 03146306 bus:Agent1 2022-02-01 2023-01-31 03146306 core:Goodwill 2022-02-01 2023-01-31 03146306 core:OtherResidualIntangibleAssets 2022-02-01 2023-01-31 03146306 core:FurnitureFittings 2022-02-01 2023-01-31 03146306 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 03146306 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 03146306 core:PlantMachinery 2022-02-01 2023-01-31 03146306 6 2022-02-01 2023-01-31 03146306 countries:England 2022-02-01 2023-01-31 03146306 2022-01-31 03146306 core:OtherResidualIntangibleAssets 2022-01-31 03146306 core:FurnitureFittingsToolsEquipment 2022-01-31 03146306 core:OtherPropertyPlantEquipment 2022-01-31 03146306 2021-02-01 2022-01-31 03146306 2022-01-31 03146306 core:CurrentFinancialInstruments 2022-01-31 03146306 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 03146306 core:Non-currentFinancialInstruments 2022-01-31 03146306 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 03146306 core:OtherResidualIntangibleAssets 2022-01-31 03146306 core:FurnitureFittingsToolsEquipment 2022-01-31 03146306 core:OtherPropertyPlantEquipment 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 03146306

CAM (The Wharf) Ltd

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 31 January 2023

 

CAM (The Wharf) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

CAM (The Wharf) Ltd

Company Information

Director

Mrs A J E Court

Registered office

The Wharf
Tavistock
Devon
PL19 8AT

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CAM (The Wharf) Ltd
for the Year Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CAM (The Wharf) Ltd for the year ended 31 January 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of CAM (The Wharf) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CAM (The Wharf) Ltd and state those matters that we have agreed to state to the Board of Directors of CAM (The Wharf) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CAM (The Wharf) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CAM (The Wharf) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CAM (The Wharf) Ltd. You consider that CAM (The Wharf) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CAM (The Wharf) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

2 October 2023

 

CAM (The Wharf) Ltd

(Registration number: 03146306)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

4,124

4,712

Tangible assets

6

55,156

61,568

 

59,280

66,280

Current assets

 

Debtors

7

3,383

6,907

Cash at bank and in hand

 

19,444

19,057

 

22,827

25,964

Creditors: Amounts falling due within one year

9

(58,646)

(79,716)

Net current liabilities

 

(35,819)

(53,752)

Total assets less current liabilities

 

23,461

12,528

Creditors: Amounts falling due after more than one year

9

(36,782)

(42,028)

Net liabilities

 

(13,321)

(29,500)

Reserves

 

Retained earnings

(13,321)

(29,500)

Deficit

 

(13,321)

(29,500)

 

CAM (The Wharf) Ltd

(Registration number: 03146306)
Balance Sheet as at 31 January 2023

For the financial year ending 31 January 2023 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 her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 October 2023
 

.........................................

Mrs A J E Court

Director

 

CAM (The Wharf) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Wharf
Tavistock
Devon
PL19 8AT

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

As at the year end, the company's balance sheet shows net current liabilities of £35,819 (2022: £53,752) and an overall deficiency of assets amounting of £13,321 (2022:£29,500). Accordingly, the directors have considered the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the directors will continue to provide financial support when necessary to the company. The directors have also reviewed the position for 12 months from the date the accounts were approved and in their opinion the company will reduce the balance sheet deficiency and will show positive results for the next financial period.

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.

Other grants

In April 2014 the company received a grant from Tavistock Town Council towards the cost of some new lighting needed at the venue. This grant has been assessed as a capital-based grant and in line with the depreciation of the lighting the grant is released back to the Profit and Loss account on a straight line basis, over 15 years.

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:

 

CAM (The Wharf) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Asset class

Depreciation method and rate

Fitting out costs

34 years straight line

Fixtures and fittings

15 years straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Lease

34 years straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 7).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

6,661

6,620

Amortisation expense

588

588

5

Intangible assets

Lease Premium
£

Total
£

Cost or valuation

At 1 February 2022

20,000

20,000

At 31 January 2023

20,000

20,000

Amortisation

At 1 February 2022

15,288

15,288

Amortisation charge

588

588

At 31 January 2023

15,876

15,876

Carrying amount

At 31 January 2023

4,124

4,124

At 31 January 2022

4,712

4,712

 

CAM (The Wharf) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Tangible assets

Furniture, fittings and equipment
 £

Fitting out costs
£

Total
£

Cost or valuation

At 1 February 2022

70,810

95,748

166,558

Additions

816

-

816

At 31 January 2023

71,626

95,748

167,374

Depreciation

At 1 February 2022

35,710

69,280

104,990

Charge for the year

4,412

2,816

7,228

At 31 January 2023

40,122

72,096

112,218

Carrying amount

At 31 January 2023

31,504

23,652

55,156

At 31 January 2022

35,100

26,468

61,568

7

Debtors

2023
£

2022
£

Prepayments

152

182

Other debtors

3,231

6,725

3,383

6,907

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

36,782

42,028

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,220

5,064

The bank loan and overdraft are both secured by Personal Guarantees from the director which are supported by a Second Charge over her residential property.

 

CAM (The Wharf) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

5,220

5,064

Trade creditors

 

18,167

31,987

Taxation and social security

 

753

1,531

Accruals and deferred income

 

5,860

5,197

Other creditors

 

28,646

35,937

 

58,646

79,716

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

36,782

42,028