Caram (PYB) Limited 11022926 true 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is dormant Digita Accounts Production Advanced 6.30.9574.0 true false true true true 11022926 2022-07-01 2023-06-30 11022926 2023-06-30 11022926 core:ShareCapital 2023-06-30 11022926 core:CurrentFinancialInstruments 2023-06-30 11022926 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11022926 bus:SmallEntities 2022-07-01 2023-06-30 11022926 bus:Audited 2022-07-01 2023-06-30 11022926 bus:FullAccounts 2022-07-01 2023-06-30 11022926 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11022926 bus:RegisteredOffice 2022-07-01 2023-06-30 11022926 bus:Director1 2022-07-01 2023-06-30 11022926 bus:Director2 2022-07-01 2023-06-30 11022926 bus:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 11022926 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11022926 core:Subsidiary1 2022-07-01 2023-06-30 11022926 core:Subsidiary1 1 2022-07-01 2023-06-30 11022926 core:Subsidiary1 countries:EnglandWales 2022-07-01 2023-06-30 11022926 1 2022-07-01 2023-06-30 11022926 countries:EnglandWales 2022-07-01 2023-06-30 11022926 core:CostValuation 2022-06-30 11022926 2021-07-01 2022-06-30 11022926 2022-06-30 11022926 core:ShareCapital 2022-06-30 11022926 core:CurrentFinancialInstruments 2022-06-30 11022926 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11022926 core:Subsidiary1 1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11022926

Caram (PYB) Limited

Annual Report and Financial Statements

for the Year Ended 30 June 2023

 

Caram (PYB) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Caram (PYB) Limited

Company Information

Directors

Mr S Jakhu

Mr G Jakhu

Registered office

98-100 Richmond Road
Compton
Wolverhampton
WV3 9JJ

Auditors

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Caram (PYB) Limited

(Registration number: 11022926)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

309,796

309,796

Current assets

 

Debtors

5

100

100

Creditors: Amounts falling due within one year

6

(309,796)

(309,796)

Net current liabilities

 

(309,696)

(309,696)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

100

100

Shareholders' funds

 

100

100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 January 2024 and signed on its behalf by:
 

.........................................
Mr S Jakhu
Director

   
 

Caram (PYB) Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
98-100 Richmond Road
Compton
Wolverhampton
WV3 9JJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 26 January 2024 was Benjamin Powell MSci ACA, who signed for and on behalf of Ballards LLP.

.........................................

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Caram (PYB) Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Investments

Investments in subsidiaries are held at cost.

Cash and cash equivalents

Cash and cash equilivents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Recognition and measurement
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Caram (PYB) Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

309,796

309,796

Subsidiaries

£

Cost or valuation

At 1 July 2022

309,796

Provision

Carrying amount

At 30 June 2023

309,796

At 30 June 2022

309,796

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Brecon Care Limited

England and Wales

Ordinary

100%

100%

5

Debtors

Current

2023
£

2022
£

Other debtors

100

100

 

Caram (PYB) Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

7

309,796

309,796

7

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8

Parent and ultimate parent undertaking

The company's immediate parent is Caram Limited, incorporated in England and Wales.

  These financial statements are available upon request from the registered office.