Registered number
13786566
Cambon Partners Ltd
Filleted Accounts
For the year ended 31 December 2023
Cambon Partners Ltd
Registered number: 13786566
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 3,328 1,693
Current assets
Debtors 5 31,342 739,173
Cash at bank and in hand 251,564 1,075,559
282,906 1,814,732
Creditors: amounts falling due within one year 6 (191,724) (1,787,343)
Net current assets 91,182 27,389
Net assets 94,510 29,082
Capital and reserves
Called up share capital 100 100
Profit and loss account 94,410 28,982
Shareholder's funds 94,510 29,082
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Morgann Lesne
Director
Approved by the board on 16 August 2024
Cambon Partners Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Raj Giri ACA, FCCA
Firm: Makesworth Audit Services Ltd
Date of audit report: 16 August 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 5
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,540
Additions 3,722
At 31 December 2023 6,262
Depreciation
At 1 January 2023 847
Charge for the year 2,087
At 31 December 2023 2,934
Net book value
At 31 December 2023 3,328
At 31 December 2022 1,693
5 Debtors 2023 2022
£ £
Prepayments and accrued income 573 258
Other debtors 30,769 738,915
31,342 739,173
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 226,104
Amounts owed to group undertakings 103,972 -
Taxation and social security costs 80,692 33,802
Other creditors 7,060 1,527,437
191,724 1,787,343
7 Related party transactions
Included within creditors is an amount of £103,972 (2022: £nil) owed to the parent company.
8 Controlling party
The company is wholly owned subsidiary of Cambon Partners SAS, a company registered in France.
9 Other information
Cambon Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O Browne Jacobson LLP
15th Floor
6 Bevis Marks
Bury Court
EC3A 7BA
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