Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11208930 2022-07-01 2023-06-30 11208930 2021-07-01 2022-06-30 11208930 2023-06-30 11208930 2022-06-30 11208930 c:Director1 2022-07-01 2023-06-30 11208930 d:FreeholdInvestmentProperty 2023-06-30 11208930 d:FreeholdInvestmentProperty 2022-06-30 11208930 d:CurrentFinancialInstruments 2023-06-30 11208930 d:CurrentFinancialInstruments 2022-06-30 11208930 d:Non-currentFinancialInstruments 2023-06-30 11208930 d:Non-currentFinancialInstruments 2022-06-30 11208930 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11208930 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11208930 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11208930 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11208930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11208930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 11208930 d:ShareCapital 2023-06-30 11208930 d:ShareCapital 2022-06-30 11208930 d:RevaluationReserve 2023-06-30 11208930 d:RevaluationReserve 2022-06-30 11208930 d:RetainedEarningsAccumulatedLosses 2023-06-30 11208930 d:RetainedEarningsAccumulatedLosses 2022-06-30 11208930 c:FRS102 2022-07-01 2023-06-30 11208930 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11208930 c:FullAccounts 2022-07-01 2023-06-30 11208930 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11208930 d:EntityControlledByKeyManagementPersonnel1 2022-07-01 2023-06-30 11208930 d:EntityControlledByKeyManagementPersonnel1 2023-06-30 11208930 d:EntityControlledByKeyManagementPersonnel1 2022-06-30 11208930 5 2022-07-01 2023-06-30 11208930 6 2022-07-01 2023-06-30 11208930 d:OtherDeferredTax 2023-06-30 11208930 d:OtherDeferredTax 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 11208930









CAMANCHI HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CAMANCHI HOLDINGS LIMITED
REGISTERED NUMBER: 11208930

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
915,733
915,733

  
915,833
915,833

Current assets
  

Debtors: amounts falling due within one year
 6 
811,087
745,482

Cash at bank and in hand
 7 
12,228
22,552

  
823,315
768,034

Creditors: amounts falling due within one year
 8 
(88,418)
(130,169)

Net current assets
  
 
 
734,897
 
 
637,865

Total assets less current liabilities
  
1,650,730
1,553,698

Creditors: amounts falling due after more than one year
 9 
(1,450,630)
(1,484,519)

Provisions for liabilities
  

Deferred tax
 11 
(38,000)
(38,000)

  
 
 
(38,000)
 
 
(38,000)

Net assets
  
162,100
31,179


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
162,000
162,000

Profit and loss account
  
-
(130,921)

  
162,100
31,179


Page 1

 
CAMANCHI HOLDINGS LIMITED
REGISTERED NUMBER: 11208930
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 January 2024.


M R Ashiq
Director

Page 2

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Camanchi Holdings Limited is a private company, limited by shares, domiciled in England and Wales, registration number 11208930. The registered office is Haslers, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. The principal activity of the company is that of property investment and holding 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from rental properties is recognised for the period for which the rent is due. Revenue on property development is recognised on exchange of contracts. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
100



At 30 June 2023
100





5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
915,733



At 30 June 2023
915,733

The 2023 valuations were made by the directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


Net surplus/(deficit) in movement properties
200,000
200,000

At 30 June 2023
200,000
200,000



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
715,733
715,733

715,733
715,733

Page 6

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Other debtors
811,087
745,482

811,087
745,482



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,228
22,552

12,228
22,552



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
86,063
127,783

Accruals and deferred income
2,355
2,386

88,418
130,169



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,450,630
1,484,519

1,450,630
1,484,519


Page 7

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
86,063
127,783


86,063
127,783


Amounts falling due 2-5 years

Bank loans
1,450,629
1,484,518


1,450,629
1,484,518


1,536,692
1,612,301



11.


Deferred taxation




2023


£






At beginning of year
(38,000)



At end of year
(38,000)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Investment property revaluation
(38,000)
(38,000)

(38,000)
(38,000)

Page 8

 
CAMANCHI HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Related party transactions

At the year end the following amounts were due from/(to) related parties:


2023
2022
£
£

Entities over which the company has control
811,087
745,482
811,087
745,482

Page 9