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REGISTERED NUMBER: 04946587 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Campo Viejo Property Investments Limited

Campo Viejo Property Investments Limited (Registered number: 04946587)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Campo Viejo Property Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: K. Oldfield





SECRETARY: K.J. Oldfield





REGISTERED OFFICE: Suite 1
19 Aviation Way
Southend Airport
Southend on Sea
Essex
SS2 6UN





REGISTERED NUMBER: 04946587 (England and Wales)





ACCOUNTANTS: Anser Solutions!
Chartered Accountants
Suite 1
19 Aviation Way
Southend Airport
Southend on Sea
Essex
SS2 6UN

Campo Viejo Property Investments Limited (Registered number: 04946587)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 410,000 410,000
410,000 410,000

CURRENT ASSETS
Debtors 5 984 436
Cash at bank 217 358
1,201 794
CREDITORS
Amounts falling due within one year 6 103,451 88,980
NET CURRENT LIABILITIES (102,250 ) (88,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,750

321,814

CREDITORS
Amounts falling due after more than one year 7 336,087 336,087
NET LIABILITIES (28,337 ) (14,273 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 9 34,577 34,577
Retained earnings 9 (63,014 ) (48,950 )
SHAREHOLDERS' FUNDS (28,337 ) (14,273 )

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

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

The director acknowledges his 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.

Campo Viejo Property Investments Limited (Registered number: 04946587)

Balance Sheet - continued
30 November 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 director and authorised for issue on 29 August 2024 and were signed by:





K. Oldfield - Director


Campo Viejo Property Investments Limited (Registered number: 04946587)

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

1. 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.

The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continued financial support of the directors and creditors.

If the company were unable to continue in operational existence, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amount, and to provide for any further liabilities that might arise and to reclassify fixed assets as current assets. Long term liabilities would also have to be reclassified as current liabilities.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover represents net invoiced rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is initially recognised at cost. The cost of a purchased investment property comprises it's purchase price and any directly attributable expenditure. Subsequently, investment property whose value can be measured without undue cost or effort is measured at fair value at each reporting date with changes in fair value being recognised in the income statement.

Deferred tax is provided on these fair value changes at the rate expected to apply when the property is sold.

Fair value is determined by the directors based on their knowledge of the properties taking into account location, condition and prevailing market values at the reporting date.

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.

Campo Viejo Property Investments Limited (Registered number: 04946587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 4,114
DEPRECIATION
At 1 December 2022
and 30 November 2023 4,114
NET BOOK VALUE
At 30 November 2023 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 410,000
NET BOOK VALUE
At 30 November 2023 410,000
At 30 November 2022 410,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2007 29,577
Valuation in 2008 (24,000 )
Valuation in 2009 29,000
Cost 375,423
410,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 484 436
Other debtors 500 -
984 436

Campo Viejo Property Investments Limited (Registered number: 04946587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 2,221 1
Other creditors 101,230 88,979
103,451 88,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 336,087 336,087

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 336,087 336,087

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 336,087 336,087

All bank loans are secured by way of a legal charge against the properties they were used to purchase.

9. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 December 2022 (48,950 ) 34,577 (14,373 )
Deficit for the year (14,064 ) - (14,064 )
At 30 November 2023 (63,014 ) 34,577 (28,437 )