CAMBERLEY DATA CENTRE VENTURE LTD

Company Registration Number:
12769441 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

CAMBERLEY DATA CENTRE VENTURE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CAMBERLEY DATA CENTRE VENTURE LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the Company is the operation of a data centre in the United Kingdom.

Additional information

Going concern basis of accounting in preparing the financial statements.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Troy Kurosh Javaher
William Clayborne Duvall Jr
Zachary Roman Thomas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 October 2023

And signed on behalf of the board by:
Name: Zachary Roman Thomas
Status: Director

CAMBERLEY DATA CENTRE VENTURE LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 17 months to 31 December 2021


£

£
Turnover: 11,470,062 9,378,609
Cost of sales: ( 3,956,530 ) ( 3,490,874 )
Gross profit(or loss): 7,513,532 5,887,735
Distribution costs: 0 0
Administrative expenses: ( 7,866,196 ) ( 4,398,998 )
Other operating income: 0 0
Operating profit(or loss): (352,664) 1,488,737
Interest receivable and similar income: 6,364 13,082,951
Interest payable and similar charges: ( 2,033,542 ) ( 3,039,721 )
Profit(or loss) before tax: (2,379,842) 11,531,967
Tax: 0 0
Profit(or loss) for the financial year: (2,379,842) 11,531,967

CAMBERLEY DATA CENTRE VENTURE LTD

Balance sheet

As at 31 December 2022

Notes 2022 17 months to 31 December 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 40,100,000 40,100,000
Total fixed assets: 40,100,000 40,100,000
Current assets
Stocks:   0 0
Debtors: 4 4,209,099 2,201,442
Cash at bank and in hand: 37,281 845,923
Investments:   0 0
Total current assets: 4,246,380 3,047,365
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 4,007,525 ) ( 1,935,271 )
Net current assets (liabilities): 238,855 1,112,094
Total assets less current liabilities: 40,338,855 41,212,094
Creditors: amounts falling due after more than one year: 6 ( 23,404,577 ) ( 21,897,974 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 16,934,278 19,314,120
Capital and reserves
Called up share capital: 65,410 65,410
Share premium account: 7,716,743 7,716,743
Other reserves: 13,052,170 13,052,170
Profit and loss account: (3,900,045 ) (1,520,203 )
Total Shareholders' funds: 16,934,278 19,314,120

The notes form part of these financial statements

CAMBERLEY DATA CENTRE VENTURE LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 October 2023
and signed on behalf of the board by:

Name: Zachary Roman Thomas
Status: Director

The notes form part of these financial statements

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Rental income is recognised on an accrual basis.

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 17 months to 31 December 2021
    Average number of employees during the period 0 0

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

On 25 September 2020, the Company entered into a sale and purchase agreement to purchase the freehold land and buildings at Stanhope Road, Camberley GU15 3BW.Investment property comprises a data centre at Stanhope Road. The Company continued to use the property in carrying rental business under Data Centre Lease.The Director's have placed reliance on an external appraisal undertaken by CBRE in 2021 which estimates a probable value of £40,100,000. CBRE further advises of a high and low value range, being £43,600,000 and £36,800,000, respectively. The Director's consider this valuation to remain appropriate for the 31 December 2022 year end.

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 17 months to 31 December 2021
£ £
Trade debtors 3,464,482 1,459,098
Prepayments and accrued income 744,617 742,344
Other debtors 0 0
Total 4,209,099 2,201,442
Debtors due after more than one year: 0 0

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 17 months to 31 December 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 19,821 51,153
Taxation and social security 288,405 178,405
Accruals and deferred income 2,715,730 1,171,223
Other creditors 983,569 534,490
Total 4,007,525 1,935,271

CAMBERLEY DATA CENTRE VENTURE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022 17 months to 31 December 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 23,404,577 21,897,974
Total 23,404,577 21,897,974

The Company entered into loan facilities with Lo Camberley Data LLC and Sprott Global Infrastructure Private Investment Trust No.1 during the period. The loans have been provided for an initial period of 7 years from the drawdown date which is 23 October 2020, with an option to defer for 3 years as mutually agreeable by both parties. The loans bears interest at the rate of 8.93% on the basis of a year of 365 days.