Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01false22falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04044428 2023-01-01 2023-12-31 04044428 1 2023-01-01 2023-12-31 04044428 2022-01-01 2022-12-31 04044428 2023-12-31 04044428 2022-12-31 04044428 2022-01-01 04044428 d:CompanySecretary1 2023-01-01 2023-12-31 04044428 d:Director1 2023-01-01 2023-12-31 04044428 d:Director2 2023-01-01 2023-12-31 04044428 d:RegisteredOffice 2023-01-01 2023-12-31 04044428 c:CurrentFinancialInstruments 2023-12-31 04044428 c:CurrentFinancialInstruments 2022-12-31 04044428 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 04044428 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 04044428 c:UKTax 2023-01-01 2023-12-31 04044428 c:UKTax 2022-01-01 2022-12-31 04044428 c:ShareCapital 2023-12-31 04044428 c:ShareCapital 2022-12-31 04044428 c:ShareCapital 2022-01-01 04044428 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04044428 c:RetainedEarningsAccumulatedLosses 2023-12-31 04044428 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04044428 c:RetainedEarningsAccumulatedLosses 2022-12-31 04044428 c:RetainedEarningsAccumulatedLosses 2022-01-01 04044428 d:FRS102 2023-01-01 2023-12-31 04044428 d:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04044428 d:FullAccounts 2023-01-01 2023-12-31 04044428 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04044428 c:Subsidiary1 2023-01-01 2023-12-31 04044428 c:Subsidiary1 1 2023-01-01 2023-12-31 04044428 2 2023-01-01 2023-12-31 04044428 6 2023-01-01 2023-12-31 04044428 1 2023-12-31 04044428 2 2023-12-31 04044428 1 2022-12-31 04044428 2 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 04044428








CAMCO (STONEGATE) LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CAMCO (STONEGATE) LIMITED
 
 
COMPANY INFORMATION


Directors
N. St. C. Cameron 
P. C. H. Cameron 




Company secretary
N. St. C. Cameron



Registered number
04044428



Registered office
30 Orange Street

London

WC2H 7HF




Accountants
Calder & Co
Chartered Accountants

30 Orange Street

London

WC2H 7HF





 
CAMCO (STONEGATE) LIMITED
 

CONTENTS



Page
Directors' report
1
Accountants' report
2
Statement of comprehensive income
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 10


 
CAMCO (STONEGATE) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company is that of holding and managing investments.

Directors

The directors who served during the year were:

N. St. C. Cameron 
P. C. H. Cameron 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 6 February 2024 and signed on its behalf.
 





N. St. C. Cameron
Director

Page 1

 
CAMCO (STONEGATE) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAMCO (STONEGATE) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Camco (Stonegate) Limited for the year ended 31 December 2023 which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Camco (Stonegate) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Camco (Stonegate) Limited  and state those matters that we have agreed to state to the Board of directors of Camco (Stonegate) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Camco (Stonegate) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Camco (Stonegate) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Camco (Stonegate) Limited. You consider that Camco (Stonegate) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Camco (Stonegate) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Calder & Co
 
Chartered Accountants
  
30 Orange Street
London
WC2H 7HF
6 February 2024
Page 2

 
CAMCO (STONEGATE) LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME INCLUDING PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Note
£
£

  

Turnover
  
2,096
2,158

Gross profit
  
2,096
2,158

Administrative expenses
  
(2,096)
(2,163)

Operating profit/(loss)
  
-
(5)

Income from fixed assets investments
  
3,992
3,221

Realised and unrealised gains/(losses) on investments
  
21,697
(34,235)

Interest receivable and similar income
  
-
5

Profit/(loss) before tax
  
25,689
(31,014)

Tax on profit/(loss)
 5 
4
(960)

Profit/(loss) for the financial year
  
25,693
(31,974)

There were no recognised gains and losses for 2023 or 2022 other than those included in the statement of comprehensive income including profit and loss account.

There was no other comprehensive income for 2023 (2022:£NIL).

The notes on pages 6 to 10 form part of these financial statements.

Page 3

 
CAMCO (STONEGATE) LIMITED
REGISTERED NUMBER: 04044428

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 6 
192,939
171,242

  
192,939
171,242

Current assets
  

Debtors: amounts falling due within one year
 7 
314,414
191,337

Cash at bank and in hand
  
10,186
7,227

  
324,600
198,564

Creditors: amounts falling due within one year
 8 
(316,854)
(194,814)

Net current assets
  
 
 
7,746
 
 
3,750

Total assets less current liabilities
  
200,685
174,992

  

Net assets
  
200,685
174,992


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 9 
200,585
174,892

  
200,685
174,992


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2024.




N. St. C. Cameron
Director

The notes on pages 6 to 10 form part of these financial statements.

Page 4

 
CAMCO (STONEGATE) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 1 JANUARY 2022 TO 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
206,866
206,966



Loss for the year
-
(31,974)
(31,974)



At 1 January 2023
100
174,892
174,992



Profit for the year
-
25,693
25,693


At 31 December 2023
100
200,585
200,685


The notes on pages 6 to 10 form part of these financial statements.

Page 5

 
CAMCO (STONEGATE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Camco (Stonegate) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04044428. The address of the registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of management fees charged during the year.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
CAMCO (STONEGATE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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 including profit and loss account.
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.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 

 
2.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method. 

Page 7

 
CAMCO (STONEGATE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily
ascertainable from other sources. The estimates and underlying assumptions are based on historical
experience and other factors that are considered to be relevant. Actual outcomes may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimates are revised.
There were no key judgements or estimation uncertainties in the application of the company's
accounting policies during the year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
-
960

Adjustments in respect of previous periods
(4)
-


Total current tax
(4)
960

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year.


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 8

 
CAMCO (STONEGATE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Shares in group undertaking
Listed investments
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 January 2023
1
158,241
13,000
171,242


Revaluations
-
21,697
-
21,697



At 31 December 2023
1
179,938
13,000
192,939






Net book value



At 31 December 2023
1
179,938
13,000
192,939



At 31 December 2022
1
158,241
13,000
171,242


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Nameco (No 512) Limited
Trading as a Lloyd's corporate capital member
Ordinary Shares
100%

Listed investments
The fair value of the listed investments at 31 December 2023 was £179,938 (2022 - £158,241).


7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
314,414
191,337

314,414
191,337


Page 9

 
CAMCO (STONEGATE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
960

Other creditors
316,854
193,854

316,854
194,814



9.


Reserves

Profit and loss account

The profit and loss reserve includes unrealised gains of £82,753 which are not distributable reserves.


10.


Related party transactions

During the year, the company received a loan amounting to £240,000 from a director (2022: £53,300). No interest is payable on this loan. At the balance sheet date an amount of £316,854 was still outstanding (2022 £193,854) and is presented within creditors: amounts falling due within one year.
The company charged a fee of £2,096 (2022 - £2,158) and made a loan of £153,761 (2022 - £53,291) to its subsidiary, Nameco (No 512) Limited during the year.
As at 31st December 2023 the company was owed £314,414 (2022 - £191,337) by Nameco (No 512) Limited. 


11.


Controlling party

N. St. C. Cameron is deemed to be the controlling party of the company by virtue of his interest in the issued share capital of the company.

 
Page 10