Cam Holdings MG Limited NI680045 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true true NI680045 2022-12-01 2023-11-30 NI680045 2023-11-30 NI680045 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI680045 bus:SmallEntities 2022-12-01 2023-11-30 NI680045 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI680045 bus:FilletedAccounts 2022-12-01 2023-11-30 NI680045 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI680045 bus:RegisteredOffice 2022-12-01 2023-11-30 NI680045 bus:Director1 2022-12-01 2023-11-30 NI680045 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI680045 countries:NorthernIreland 2022-12-01 2023-11-30 NI680045 2022-11-30 NI680045 2021-12-01 2022-11-30 NI680045 2022-11-30 NI680045 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: NI680045

Cam Holdings MG Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Cam Holdings MG Limited

(Registration number: NI680045)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

418,148

418,148

Investments

5

100

100

 

418,248

418,248

Creditors: Amounts falling due within one year

(399)

(399)

Net assets

 

417,849

417,849

Capital and reserves

 

Called up share capital

100

100

Retained earnings

417,749

417,749

Shareholders' funds

 

417,849

417,849

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 July 2024 and signed on its behalf by:
 

.........................................
Mr Hugh O'Donnell
Director

 

Cam Holdings MG Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 9 Loup Road, Toomebridge, County Antrim, BT41 3TE.

These financial statements were authorised for issue by the Board on 4 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cam Holdings MG Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 December

418,148

At 30 November

418,148

There has been no valuation of investment property by an independent valuer.

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100