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REGISTERED NUMBER: 00730621 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED

CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00730621)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs K Murdoch
D P Murdoch





SECRETARY: Mrs K Murdoch





REGISTERED OFFICE: Broadleas
Hessett Road
Bradfield St George
Bury St Edmunds
Suffolk
IP30 0BB





REGISTERED NUMBER: 00730621 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00730621)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,681 145,002

CURRENT ASSETS
Debtors 5 6,766 4,766
Cash at bank 243,331 256,794
250,097 261,560
CREDITORS
Amounts falling due within one year 6 84,738 55,120
NET CURRENT ASSETS 165,359 206,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,040

351,442

CAPITAL AND RESERVES
Called up share capital 78 78
Retained earnings 303,962 351,364
SHAREHOLDERS' FUNDS 304,040 351,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00730621)

Balance Sheet - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




Mrs K Murdoch - Director



D P Murdoch - Director


CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00730621)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Camden Passage Development Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rent and rates receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CAMDEN PASSAGE DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00730621)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 315,021 4,646 1,169 320,836
DEPRECIATION
At 1 October 2022 170,100 4,640 1,094 175,834
Charge for year 6,300 2 19 6,321
At 30 September 2023 176,400 4,642 1,113 182,155
NET BOOK VALUE
At 30 September 2023 138,621 4 56 138,681
At 30 September 2022 144,921 6 75 145,002

Freehold Properties are included in the accounts at cost less depreciation. Currell Commercial, Estate Agents and Valuers of 309 Upper Street London N1 2TU provided a valuation of the properties as at October 2017. The valuation of the properties is in the region of £3,065,000. This valuation is based on the assumption that planning permission will be granted by the council to convert the properties into ground floor retail with residential above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 6,766 4,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 18,377 17,801
Other creditors 66,361 37,319
84,738 55,120