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REGISTERED NUMBER: 05343782 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Campoamor Builders (Ipswich) Limited

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Campoamor Builders (Ipswich) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: M W Lomas





SECRETARY: S P Last





REGISTERED OFFICE: 2 The Guard House
Meeanee Mews
Colchester
Essex
CO2 7LF





REGISTERED NUMBER: 05343782 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 662,000 662,000

CURRENT ASSETS
Cash at bank 6,610 12,475

CREDITORS
Amounts falling due within one year 5 688,786 692,375
NET CURRENT LIABILITIES (682,176 ) (679,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,176 ) (17,900 )

CREDITORS
Amounts falling due after more than one
year

6

14,121

16,070
NET LIABILITIES (34,297 ) (33,970 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 39,505 39,505
Retained earnings (73,804 ) (73,477 )
SHAREHOLDERS' FUNDS (34,297 ) (33,970 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 20 October 2023 and were signed by:





M W Lomas - Director


Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

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

1. STATUTORY INFORMATION

Campoamor Builders (Ipswich) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going Concern
Having discussed the projected results and cash flows of the company, the director is of the opinion the company will be able to meet its cash demand over the 12 months from the date of approving these accounts. The company currently has the support of its director and the bank allowing the company to meet its cash demands. Whilst there is always considerable uncertainty in predicting cash flows more than a few months into the future, the director believe it is appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration recieved or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the company obtains the right to recieve consideration for services provided, with amounts included in accrued income for uninvoiced work at the balance sheet date.

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.

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment policy
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 662,000
NET BOOK VALUE
At 31 January 2023 662,000
At 31 January 2022 662,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 39,505
Cost 622,495
662,000

The investment properties have been valued at open market value by the Director.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 582,033 582,033
Trade creditors 1,117 -
Other creditors 105,636 110,342
688,786 692,375

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 14,121 16,070

Amounts falling due in more than five years:

Repayable by instalments
Other creditors due > 1 year 5,819 7,973

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 582,033 582,033

The bank loans are secured against the properties financed, as well as a floating charge over the remaining assets of the company.

Campoamor Builders (Ipswich) Limited (Registered number: 05343782)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 39,505