IRIS Accounts Productionv24.1.0.57600919721Board of Directors1.11.2231.10.2331.10.23falsetruefalsefalsetruefalseOrdinary £1 shares1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009197212022-10-31009197212023-10-31009197212022-11-012023-10-31009197212021-10-31009197212021-11-012022-10-31009197212022-10-3100919721ns15:EnglandWales2022-11-012023-10-3100919721ns14:PoundSterling2022-11-012023-10-3100919721ns10:Director12022-11-012023-10-3100919721ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3100919721ns10:SmallEntities2022-11-012023-10-3100919721ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3100919721ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3100919721ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3100919721ns10:FullAccounts2022-11-012023-10-3100919721ns10:OrdinaryShareClass12022-11-012023-10-3100919721ns10:Director22022-11-012023-10-3100919721ns10:Director32022-11-012023-10-3100919721ns10:Director42022-11-012023-10-3100919721ns10:CompanySecretary12022-11-012023-10-3100919721ns10:RegisteredOffice2022-11-012023-10-3100919721ns5:CurrentFinancialInstruments2023-10-3100919721ns5:CurrentFinancialInstruments2022-10-3100919721ns5:ShareCapital2023-10-3100919721ns5:ShareCapital2022-10-3100919721ns5:RevaluationReserve2023-10-3100919721ns5:RevaluationReserve2022-10-3100919721ns5:RetainedEarningsAccumulatedLosses2023-10-3100919721ns5:RetainedEarningsAccumulatedLosses2022-10-3100919721ns5:LandBuildings2022-11-012023-10-3100919721ns5:PlantMachinery2022-11-012023-10-3100919721ns5:LandBuildings2022-10-3100919721ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3100919721ns5:PlantMachinery2022-10-3100919721ns5:FurnitureFittings2022-10-3100919721ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3100919721ns5:FurnitureFittings2022-11-012023-10-3100919721ns5:LandBuildings2023-10-3100919721ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3100919721ns5:PlantMachinery2023-10-3100919721ns5:FurnitureFittings2023-10-3100919721ns5:LandBuildings2022-10-3100919721ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3100919721ns5:PlantMachinery2022-10-3100919721ns5:FurnitureFittings2022-10-3100919721ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3100919721ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3100919721ns5:AcceleratedTaxDepreciationDeferredTax2023-10-3100919721ns5:AcceleratedTaxDepreciationDeferredTax2022-10-3100919721ns5:DeferredTaxation2022-10-3100919721ns5:DeferredTaxation2023-10-3100919721ns10:OrdinaryShareClass12023-10-3100919721ns5:RetainedEarningsAccumulatedLosses2022-10-3100919721ns5:RevaluationReserve2022-10-3100919721ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31

REGISTERED NUMBER: 00919721 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 October 2023

for


Camera Eye Limited



Camera Eye Limited (Registered number: 00919721)



Contents of the Financial Statements

for the Year Ended 31 October 2023











Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





Camera Eye Limited



Company Information

for the Year Ended 31 October 2023









Directors:

D R Bailey


Mrs C Bailey


F Bailey


Ms P L Elishi







Secretary:

Mrs C Bailey







Registered office:

24-26 Brownlow Mews


London


WC1N 2LA







Registered number:

00919721 (England and Wales)







Accountants:

Benjamin Taylor Diner Limited


120 New Cavendish Street,


London


W1W 6XX



Camera Eye Limited (Registered number: 00919721)



Balance Sheet

31 October 2023



31.10.23


31.10.22


Notes

£   

£   


Fixed assets

Tangible assets

5

4,494,038


4,499,050




Current assets

Debtors

6

47,603


166,682



Cash at bank

222,188


284,034



269,791


450,716



Creditors

Amounts falling due within one year

7

(130,200

)

(151,856

)


Net current assets

139,591


298,860



Total assets less current liabilities

4,633,629


4,797,910




Provisions for liabilities

8

(564,766

)

(564,766

)


Net assets

4,068,863


4,233,144




Capital and reserves

Called up share capital

9

100


100



Non distributable fair value

10

2,733,278


2,733,278



Retained earnings

10

1,335,485


1,499,766



Shareholders' funds

4,068,863


4,233,144




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 1 July 2024 and were signed on its behalf by:




Mrs C Bailey - Director




Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements

for the Year Ended 31 October 2023



1.

Statutory information



The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24-26 Brownlow Mews, London, WC1N 2LA.



The principal activity of the company during the year was that of photography, film making and connected services attached therewith.


2.

Statement of compliance



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.  


3.

Accounting policies



Basis of preparing the financial statements


The financial statements have been prepared under the historical cost convention.



The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.



The financial statements are prepared in sterling, which is the functional currency of the entity.



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Land and buildings

-

Straight line over 16 years


Plant and machinery etc

-  

20% on cost and 15% on 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.



Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023



3.

Accounting policies - continued



Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.


Going concern


After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.



Investments


Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.



Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.



Investments in Associates



Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.


4.

Employees and directors



The average number of employees during the year was 6 (2022 - 7 ) .


5.

Tangible fixed assets


Fixtures



Freehold


Long


Plant and


and



property


leasehold


machinery


fittings


Totals

£   

£   

£   

£   

£   



Cost


At 1 November 2022



and 31 October 2023

3,485,857


1,000,000


443,215


330,410


5,259,482




Depreciation


At 1 November 2022

-


-


434,673


325,759


760,432




Charge for year

-


-


3,313


1,699


5,012




At 31 October 2023

-


-


437,986


327,458


765,444




Net book value


At 31 October 2023

3,485,857


1,000,000


5,229


2,952


4,494,038




At 31 October 2022

3,485,857


1,000,000


8,542


4,651


4,499,050





Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023



5.

Tangible fixed assets - continued


As at 31st October 2022, the company owned three freehold properties, as follows:

24 - 26, Brownlow Mews, London, WC1N 2LA, which the director has valued at £3,000,000
as at 31st October 2022, on a fair value basis. The historical cost of this property amounts to £241,583.

Unit 8 Darklake Park, Estover, Plymouth, Devon PL7 7TL, which was purchased during the year ended 31st October 2016 at a cost of £261,877. The directors consider there to be no material change in this properties fair value.

Unit 9 Darklake Park, Estover, Plymouth, Devon PL7 7TL, which was purchased during the
year ended 31st October 2016 at a cost of £223,980. The directors consider there to be no material change in this properties fair value.

The company also owns the long leasehold property, B1 Unit C, 6B Brownlow Mews, London, WC1N 2LD, which the director has valued at £1,000,000 as at 31st October 2023. The historic cost of this property amounts to £779,433.

6.

Debtors: amounts falling due within one year



31.10.23


31.10.22

£   

£   



Trade debtors

12,695


142,154




Other debtors

34,908


24,528



47,603


166,682




7.

Creditors: amounts falling due within one year



31.10.23


31.10.22

£   

£   



Trade creditors

53,514


51,045




Taxation and social security

17,405


54,361




Other creditors

59,281


46,450



130,200


151,856




8.

Provisions for liabilities


31.10.23


31.10.22

£   

£   



Deferred tax


Accelerated capital allowances

564,766


564,766





Deferred



tax


£   



Balance at 1 November 2022

564,766




Balance at 31 October 2023

564,766





Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023



9.

Called up share capital



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.10.23


31.10.22


value:

£   

£   



100

Ordinary £1 shares

1

100


100




Called-up share capital represents the nominal value of shares that have been issued.

10.

Reserves


Non



distributable



Retained


fair



earnings


value


Totals

£   

£   

£   




At 1 November 2022

1,499,766


2,733,278


4,233,044




Profit for the year

35,719


35,719




Dividends

(200,000

)

(200,000

)



At 31 October 2023

1,335,485


2,733,278


4,068,763




The retained earnings reserve records retained earnings and accumulated losses.

The non distributable fair value reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.



Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023



11.

Directors' advances, credits and guarantees


D. Bailey

The company had the following transactions with the director D. Bailey during the year:

31.10.2331.10.22
££

Balance brought forward(18,003)(15,288)
Monies advanced to Camera Eye Limited(224,512)(216,714)
Monies repaid by Camera Eye Limited224,965213,999
Balance carried forward(17,550)(18,003)

During the year the company paid dividends totalling £100,000 (2022: £40,320) to D. Bailey.

C. Bailey

The company had the following transactions with the director C. Bailey during the year:

31.10.2331.10.22
££

Balance brought forward(13,033)(65,272)
Monies advanced to Camera Eye Limited(162,641)(118,102)
Monies repaid by Camera Eye Limited161,378170,341
Balance carried forward(14,296)(13,033)

During the year the company paid dividends totalling £100,000 (2022: £40,320) to C. Bailey.

Rent

During the year the company was also charged rent totalling £20,000 (2022: £20,000) by D. Bailey.

12.

Related party disclosures


During the year the company had the following transactions with its subsidiary company:

David Bailey Digital Limited

During the year the company had the following loan with David Bailey Digital Limited a company under common control.

31.10.2331.10.22
££

Balance brought forward584-
Amounts advanced to David Bailey Digital Limited253584
Balance carried forward837584

David Bailey Digital Limited was incorporated on 22 April 2022.



Camera Eye Limited (Registered number: 00919721)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023



13.

Ultimate controlling party


During the year, the company was under the control of D. Bailey and Mrs C. Bailey, by virtue of their combined 100% shareholding in the share capital of the company.

14.

Dividends



Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):




31.10.23


31.10.22





£


£





Equity dividends on ordinary shares


200,000


80,640