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Company Registration No. 10984631 (England and Wales)
CAMDEN PALACE LIMITED Unaudited accounts for the year ended 30 September 2023
CAMDEN PALACE LIMITED Unaudited accounts Contents
Page
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CAMDEN PALACE LIMITED Company Information for the year ended 30 September 2023
Director
Mr A Ozkara
Company Number
10984631 (England and Wales)
Registered Office
102 Green Lanes London N16 9EH United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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CAMDEN PALACE LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,306 
2,489 
Current assets
Cash at bank and in hand
566 
7,527 
Creditors: amounts falling due within one year
(25,808)
(28,932)
Net current liabilities
(25,242)
(21,405)
Total assets less current liabilities
(18,936)
(18,916)
Creditors: amounts falling due after more than one year
(22,166)
(30,904)
Net liabilities
(41,102)
(49,820)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(41,202)
(49,920)
Shareholders' funds
(41,102)
(49,820)
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2024 and were signed on its behalf by
Mr A Ozkara Director Company Registration No. 10984631
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CAMDEN PALACE LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
CAMDEN PALACE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10984631. The registered office is 102 Green Lanes, London, N16 9EH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% - reducing balance method
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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CAMDEN PALACE LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2022
6,475 
Additions
5,202 
At 30 September 2023
11,677 
Depreciation
At 1 October 2022
3,986 
Charge for the year
1,385 
At 30 September 2023
5,371 
Net book value
At 30 September 2023
6,306 
At 30 September 2022
2,489 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
435 
1,457 
Taxes and social security
34 
594 
Other creditors
24,589 
26,281 
Accruals
750 
600 
25,808 
28,932 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,166 
30,904 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included within other creditors is an amount of £23,188 (2022: £23,556) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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