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REGISTERED NUMBER: 12879662 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CAMPAL PROPERTIES LTD

CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)






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


CAMPAL PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M J Stolecki
L M German





REGISTERED OFFICE: Unit 8 Precision Two Industrial Estate
Bingham Road
Sittingbourne
Kent
ME10 3TR





REGISTERED NUMBER: 12879662 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 6,711
Investment property 5 346,711 340,000
346,711 346,711

CURRENT ASSETS
Debtors 6 1,258 626
Cash at bank 429 1,263
1,687 1,889
CREDITORS
Amounts falling due within one year 7 288,979 311,177
NET CURRENT LIABILITIES (287,292 ) (309,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,419

37,423

PROVISIONS FOR LIABILITIES 12,044 10,366
NET ASSETS 47,375 27,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - non distributable 8 36,133 31,099
Retained earnings 11,142 (4,142 )
SHAREHOLDERS' FUNDS 47,375 27,057

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.

CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)

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 11 April 2024 and were signed on its behalf by:





L M German - Director


CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Campal Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

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.

CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 October 2022 8,389
Reclassification/transfer (6,711 )
At 30 September 2023 1,678
DEPRECIATION
At 1 October 2022
and 30 September 2023 1,678
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 6,711

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 340,000
Reclassification/transfer 8,389
At 30 September 2023 348,389
DEPRECIATION
Reclassification/transfer 1,678
At 30 September 2023 1,678
NET BOOK VALUE
At 30 September 2023 346,711
At 30 September 2022 340,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 122,088
Valuation in 2023 8,389
Cost 217,912
348,389

CAMPAL PROPERTIES LTD (REGISTERED NUMBER: 12879662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 217,912 217,912

The investment property was valued on an open market basis on 30 September 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,258 626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 278,886 308,777
Taxation and social security 7,384 -
Other creditors 2,709 2,400
288,979 311,177

8. RESERVES
Retained
earnings
- non
distributable
£   
At 1 October 2022 31,099
Reserve reclassification 5,034

At 30 September 2023 36,133