Camden Court Ltd 08159263 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is residents property management. Digita Accounts Production Advanced 6.30.9574.0 true true 08159263 2023-01-01 2023-12-31 08159263 2023-12-31 08159263 core:RetainedEarningsAccumulatedLosses 2023-12-31 08159263 core:CurrentFinancialInstruments 2023-12-31 08159263 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08159263 core:Non-currentFinancialInstruments 2023-12-31 08159263 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08159263 core:LandBuildings 2023-12-31 08159263 bus:SmallEntities 2023-01-01 2023-12-31 08159263 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08159263 bus:FullAccounts 2023-01-01 2023-12-31 08159263 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08159263 bus:RegisteredOffice 2023-01-01 2023-12-31 08159263 bus:CompanySecretary1 2023-01-01 2023-12-31 08159263 bus:Director1 2023-01-01 2023-12-31 08159263 bus:Director2 2023-01-01 2023-12-31 08159263 bus:Director3 2023-01-01 2023-12-31 08159263 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08159263 core:LandBuildings 2023-01-01 2023-12-31 08159263 countries:England 2023-01-01 2023-12-31 08159263 2022-12-31 08159263 core:LandBuildings 2022-12-31 08159263 2022-01-01 2022-12-31 08159263 2022-12-31 08159263 core:RetainedEarningsAccumulatedLosses 2022-12-31 08159263 core:CurrentFinancialInstruments 2022-12-31 08159263 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08159263 core:Non-currentFinancialInstruments 2022-12-31 08159263 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08159263 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08159263

Camden Court Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Camden Court Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Camden Court Ltd

Company Information

Directors

Mr JR Toalster

Mrs L G Negus

Mr PT Dwyer

Company secretary

Manningtons Ltd

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Camden Court Ltd

(Registration number: 08159263)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

107,189

107,189

Current assets

 

Debtors

5

7,050

2,850

Cash at bank and in hand

 

27,127

31,889

 

34,177

34,739

Creditors: Amounts falling due within one year

6

(2,351)

(1,708)

Net current assets

 

31,826

33,031

Total assets less current liabilities

 

139,015

140,220

Creditors: Amounts falling due after more than one year

6

(132,068)

(132,068)

Net assets

 

6,947

8,152

Capital and reserves

 

Retained earnings

6,947

8,152

Shareholders' funds

 

6,947

8,152

For the financial year ending 31 December 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 Income and Expenditure Account.

Approved and authorised by the Board on 12 July 2024 and signed on its behalf by:
 

.........................................
Mrs L G Negus
Director

 

Camden Court Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

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

Revenue recognition

Turnover comprises the service charges received or receivable for the maintenance and upkeep of the freehold property in the ordinary course of the company’s activities.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Camden Court Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Freehold Land & Buildings

No Depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for unpaid service charges.

Trade debtors are recognised initially as the amount owing to the company. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income and expenditure account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Camden Court Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

107,189

107,189

At 31 December 2023

107,189

107,189

Depreciation

Carrying amount

At 31 December 2023

107,189

107,189

At 31 December 2022

107,189

107,189

Included within the net book value of land and buildings above is £107,189 (2022 - £107,189) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Trade debtors

4,302

298

Prepayments

2,748

2,552

7,050

2,850

 

Camden Court Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,651

1,008

Accruals and deferred income

700

700

2,351

1,708

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

132,068

132,068

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

132,068

132,068