Relate AccountsProduction v2.7.2 v2.7.2 2022-01-21 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is an investment holding company. 21 October 2023 4 NI685193 2023-03-31 NI685193 2022-01-20 NI685193 2022-01-21 2023-03-31 NI685193 uk-bus:PrivateLimitedCompanyLtd 2022-01-21 2023-03-31 NI685193 uk-curr:PoundSterling 2022-01-21 2023-03-31 NI685193 uk-bus:SmallCompaniesRegimeForAccounts 2022-01-21 2023-03-31 NI685193 uk-bus:FullAccounts 2022-01-21 2023-03-31 NI685193 uk-core:ShareCapital 2023-03-31 NI685193 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI685193 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI685193 uk-bus:FRS102 2022-01-21 2023-03-31 NI685193 uk-core:AdditionsToInvestments 2023-03-31 NI685193 uk-core:CostValuation 2023-03-31 NI685193 uk-core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2023-03-31 NI685193 uk-core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2023-03-31 NI685193 uk-core:Subsidiary1 2022-01-21 2023-03-31 NI685193 uk-core:CurrentFinancialInstruments 2023-03-31 NI685193 uk-core:CurrentFinancialInstruments 2023-03-31 NI685193 uk-core:WithinOneYear 2023-03-31 NI685193 uk-core:AfterOneYear 2023-03-31 NI685193 uk-core:BetweenOneTwoYears 2023-03-31 NI685193 uk-core:ParentEntities 2022-01-21 2023-03-31 NI685193 2022-01-21 2023-03-31 NI685193 uk-bus:Director1 2022-01-21 2023-03-31 NI685193 uk-bus:AuditExempt-NoAccountantsReport 2022-01-21 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
HCAMBA Limited
 
Unaudited Financial Statements
 
for the financial period from 21 January 2022 (date of incorporation) to 31 March 2023



HCAMBA Limited
Company Registration Number: NI685193
Statement of Financial Position
as at 31 March 2023

Mar 23
Notes £
 
Non-Current Assets
Financial assets 7 200,887
─────────
 
Current Assets
Debtors 8 7,695
Creditors: amounts falling due within one year 9 (40,000)
─────────
Net Current Liabilities (32,305)
─────────
Total Assets less Current Liabilities 168,582
 
Creditors:
amounts falling due after more than one year 10 (166,762)
─────────
Net Assets 1,820
═════════
 
Capital and Reserves
Called up share capital 100
Retained earnings 1,720
─────────
Equity attributable to owners of the company 1,820
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
       
For the financial period from 21 January 2022 (date of incorporation) to 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 21 October 2023 and signed on its behalf by
       
________________________________      
Brian Hegarty      
Director      
       



HCAMBA Limited
Notes to the Financial Statements
for the financial period from 21 January 2022 (date of incorporation) to 31 March 2023

   
1. General Information
 
HCAMBA Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI685193. The registered office of the company is 12 Cromac Place, Belfast, Co. Antrim, BT7 2JB, Northern Ireland. The principal activity of the company is an investment holding company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial period in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company did not have any employees during the period.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 14 month 11 days period from 21 January 2022 (date of incorporation) to 31 March 2023.
   
4. Going concern
 
The Directors have considered a period of not less than 12 months from the date of approval of the financial statements, and have concluded that it is appropriate to adopt the going concern principal in preparing the financial statements. The Directors have received confirmation from the parent company that repayment of the intercompany creditor balance will only be requested when the company has sufficient liquidity to make the necessary payment.
   
5. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
6. Employees
 
The average monthly number of employees, including directors, during the financial period was 4.
 
  Mar 23
  Number
 
Directors 4
  ═════════
       
7. Financial fixed assets
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
Additions 477,075 477,075
  ───────── ─────────
At 31 March 2023 477,075 477,075
  ───────── ─────────
Provision for
diminution in value:
Charge 276,188 276,188
  ───────── ─────────
At 31 March 2023 276,188 276,188
  ───────── ─────────
Net book value
At 31 March 2023 200,887 200,887
  ═════════ ═════════
             
7.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Magic Beans Accounts Limited 12 Cromac Place, Belfast, BT7 2JB, Northern Ireland Accountancy services   Ordinary shares 90%
 
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.
     
8. Debtors Mar 23
  £
 
Amounts owed by group undertakings (Note 12) 7,500
Other debtors 195
  ─────────
  7,695
  ═════════
     
9. Creditors Mar 23
Amounts falling due within one year £
 
Other creditors 40,000
  ═════════
     
10. Creditors Mar 23
Amounts falling due after more than one year £
 
Other loan 40,000
Amounts owed to group undertakings 126,762
  ─────────
  166,762
  ═════════
 
Loans
Repayable between one and two years 40,000
  ═════════
 
     
11. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 March 2023.
         
12. Related party transactions
 
Transactions with group companies are detailed below.
       
Transactions and balances with group companies:
 
    Mar 23
    £
 
Magic Beans Accounts Limited
 
During the period, the company acquired 90% of the issued share capital of Magic Beans Accounts Limited. The company received dividends from Magic Beans Accounts Limited, of which £7,500 remained outstanding at the reporting date.
 
Amount due from Magic Beans Accounts Limited   7,500
    ═════════
 
HCA Chartered Accountants Ltd
 
The company received an unsecured loan from its parent company, HCA Chartered Accountants Ltd, during the period. The company also declared dividends to HCA Chartered Accountants Ltd. £126,762 was due to HCA Chartered Accountants Ltd at the reporting date. The balance is unsecured and interest free.
   
13. Parent company
 
HCA Chartered Accountants Ltd is the parent company and owns 100% of the companys issued share capital.
 
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial period-end.