Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr J V Redman 14/02/2014 Mr T Sharp 14/02/2014 20 September 2023 The principal activity of the Company during the financial year was other letting and operating of own or leased real estate. 08896457 2023-03-31 08896457 bus:Director1 2023-03-31 08896457 bus:Director2 2023-03-31 08896457 2022-03-31 08896457 core:CurrentFinancialInstruments 2023-03-31 08896457 core:CurrentFinancialInstruments 2022-03-31 08896457 core:Non-currentFinancialInstruments 2023-03-31 08896457 core:Non-currentFinancialInstruments 2022-03-31 08896457 core:ShareCapital 2023-03-31 08896457 core:ShareCapital 2022-03-31 08896457 core:RetainedEarningsAccumulatedLosses 2023-03-31 08896457 core:RetainedEarningsAccumulatedLosses 2022-03-31 08896457 core:LandBuildings 2022-03-31 08896457 core:LandBuildings 2023-03-31 08896457 core:CurrentFinancialInstruments core:Secured 2023-03-31 08896457 bus:OrdinaryShareClass1 2023-03-31 08896457 bus:OrdinaryShareClass2 2023-03-31 08896457 bus:OrdinaryShareClass3 2023-03-31 08896457 bus:OrdinaryShareClass4 2023-03-31 08896457 2022-04-01 2023-03-31 08896457 bus:FullAccounts 2022-04-01 2023-03-31 08896457 bus:SmallEntities 2022-04-01 2023-03-31 08896457 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08896457 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08896457 bus:Director1 2022-04-01 2023-03-31 08896457 bus:Director2 2022-04-01 2023-03-31 08896457 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 08896457 2021-04-01 2022-03-31 08896457 core:LandBuildings 2022-04-01 2023-03-31 08896457 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 08896457 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 08896457 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08896457 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 08896457 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 08896457 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 08896457 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 08896457 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 08896457 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 08896457 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08896457 (England and Wales)

CAMELOT CHASE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CAMELOT CHASE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CAMELOT CHASE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
CAMELOT CHASE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr J V Redman
Mr T Sharp
REGISTERED OFFICE King Arthurs Park
Sparkford
Yeovil
BA22 7FE
England
United Kingdom
COMPANY NUMBER 08896457 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
CAMELOT CHASE LIMITED

BALANCE SHEET

As at 31 March 2023
CAMELOT CHASE LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,616,072 1,102,121
1,616,072 1,102,121
Current assets
Debtors 4 20,922 3,589
Cash at bank and in hand 5,411 14,301
26,333 17,890
Creditors: amounts falling due within one year 5 ( 1,180,298) ( 651,514)
Net current liabilities (1,153,965) (633,624)
Total assets less current liabilities 462,107 468,497
Creditors: amounts falling due after more than one year 6 ( 347,886) ( 381,779)
Provision for liabilities ( 31,379) ( 24,389)
Net assets 82,842 62,329
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 82,742 62,229
Total shareholder's funds 82,842 62,329

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Camelot Chase Limited (registered number: 08896457) were approved and authorised for issue by the Board of Directors on 20 September 2023. They were signed on its behalf by:

Mr T Sharp
Director
Mr J V Redman
Director
CAMELOT CHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CAMELOT CHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Camelot Chase Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is King Arthurs Park, Sparkford, Yeovil, BA22 7FE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Notwithstanding net current liabilities of £1,153,965 (2022: £633,624), the directors have continued to adopt the going concern basis of preparation on the basis of continued support from the group, and the expectation of profitable trading and positive cash flows.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 April 2022 1,207,317 1,207,317
Additions 540,691 540,691
At 31 March 2023 1,748,008 1,748,008
Accumulated depreciation
At 01 April 2022 105,196 105,196
Charge for the financial year 26,740 26,740
At 31 March 2023 131,936 131,936
Net book value
At 31 March 2023 1,616,072 1,616,072
At 31 March 2022 1,102,121 1,102,121

Included within the net book value of land and buildings above is £1,616,072 (2022 - £1,102,121) in respect of freehold land and buildings.

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 100 100
Other debtors 20,822 3,489
20,922 3,589

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 40,554 45,887
Trade creditors 55,115 7,938
Amounts owed to Group undertakings 991,636 517,136
Accruals and deferred income 80,275 65,275
Taxation and social security 12,718 15,278
1,180,298 651,514

Creditors include bank loans which are secured on the company's assets of £40,554 (2022 - £45,887). A cross company guarantee is in place with Sycamore Process Engineering Limited.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 347,886 381,779

Creditors include bank loans which are secured on the company's assets of £347,886 (2022 - £381,779). A cross company guarantee is in place with Sycamore Process Engineering Limited.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
30 Ordinary A shares of £ 1.00 each 30 30
30 Ordinary B shares of £ 1.00 each 30 30
20 Ordinary C shares of £ 1.00 each 20 20
20 Ordinary D shares of £ 1.00 each 20 20
100 100