Relate AccountsProduction v2.7.2 v2.7.2 2022-02-24 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 that of development of building projects. 14 November 2023 1 NI686115 2023-02-28 NI686115 2022-02-23 NI686115 2022-02-24 2023-02-28 NI686115 uk-bus:PrivateLimitedCompanyLtd 2022-02-24 2023-02-28 NI686115 uk-curr:PoundSterling 2022-02-24 2023-02-28 NI686115 uk-bus:SmallCompaniesRegimeForAccounts 2022-02-24 2023-02-28 NI686115 uk-bus:FullAccounts 2022-02-24 2023-02-28 NI686115 uk-core:ShareCapital 2023-02-28 NI686115 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI686115 uk-bus:FRS102 2022-02-24 2023-02-28 NI686115 uk-core:AfterOneYear 2023-02-28 NI686115 uk-core:ParentEntities 2022-02-24 2023-02-28 NI686115 2022-02-24 2023-02-28 NI686115 uk-bus:Director1 2022-02-24 2023-02-28 NI686115 uk-bus:AuditExempt-NoAccountantsReport 2022-02-24 2023-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Camcar Developments LTD
 
Unaudited Financial Statements
 
for the financial period from 24 February 2022 (date of incorporation) to 28 February 2023
Camcar Developments LTD
Company Registration Number: NI686115
BALANCE SHEET
as at 28 February 2023

Feb 23
Notes £
 
Current Assets
Stocks 7 222,969
Cash and cash equivalents 100
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223,069
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Net Current Assets 223,069
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Total Assets less Current Liabilities 223,069
 
Creditors:
amounts falling due after more than one year 8 (222,969)
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Net Assets 100
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Capital and Reserves
Called up share capital 100
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Equity attributable to owners of the company 100
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These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
       
For the financial period from 24 February 2022 (date of incorporation) to 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms 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 director acknowledges his 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 Director and authorised for issue on 14 November 2023
       
________________________________      
Mr. James Rafferty      
Director      
       



Camcar Developments LTD
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 24 February 2022 (date of incorporation) to 28 February 2023

   
1. General Information
 
Camcar Developments LTD is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI686115. The registered office of the company is 165 Camlough Road, Carrickmore, Co. Tyrone, BT79 9BP which is also the principal place of business of the company. The principal activity of the company is that of development of building projects. 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 28 February 2023 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with 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.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
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 Balance Sheet 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 Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet 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 Profit and Loss Account.
 
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 12 month 5 days period from 24 February 2022 (date of incorporation) to 28 February 2023.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including director, during the financial period was 1.
 
  Feb 23
  Number
 
Director 1
  ═════════
     
6. Tax on profit
  Feb 23
  £
Analysis of charge in the financial period
 
Current tax:
Corporation tax -
  ═════════
 
No charge to tax arises due to tax losses incurred.
     
7. Stocks Feb 23
  £
 
Work in progress 222,969
  ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
     
8. Creditors Feb 23
Amounts falling due after more than one year £
 
Amounts owed to group undertakings 222,969
  ═════════
 
     
9. Capital commitments
 
The company had no material capital commitments at the financial period-ended 28 February 2023.
         
10. Related party transactions
 
During the year J J Rafferty and Sons Ltd paid expenses on behalf of Camcar Developements Ltd amounting to £222,969.
   
11. Parent company
 
The company regards J J Rafferty & Sons LTD as its parent company.
 
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.