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Registration number: 07564761

Campbell Ventures Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

image-name
 

Campbell Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Campbell Ventures Limited

Company Information

Directors

Mrs Emma Campbell

Mr Michael Campbell

Company secretary

Mr Michael Campbell

Registered office

Pointers Corner
Trout Lane
Barns Green
West Sussex
RH13 0QD

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Campbell Ventures Limited

(Registration number: 07564761)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

3,948

4,644

Current assets

 

Debtors

5

4,340

1,056

Cash at bank and in hand

 

19,438

59,367

 

23,778

60,423

Creditors: Amounts falling due within one year

6

(23,552)

(13,726)

Net current assets

 

226

46,697

Total assets less current liabilities

 

4,174

51,341

Provisions for liabilities

(693)

(815)

Net assets

 

3,481

50,526

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

3,381

50,426

Shareholders' funds

 

3,481

50,526

For the financial year ending 31 March 2024 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 22 September 2024 and signed on its behalf by:
 

 

Campbell Ventures Limited

(Registration number: 07564761)
Balance Sheet as at 31 March 2024

.........................................
Mrs Emma Campbell
Director

.........................................
Mr Michael Campbell
Company secretary and director

 
     
 

Campbell Ventures Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Pointers Corner
Trout Lane
Barns Green
West Sussex
RH13 0QD

These financial statements were authorised for issue by the Board on 22 September 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.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 deferred 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.

 

Campbell Ventures Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Computer equipment

25% reducing balance

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 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Campbell Ventures Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

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, analysed by category was as follows:

2024
 No.

2023
 No.

Administration and support

2

2

2

2

 

Campbell Ventures Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

20,726

20,726

At 31 March 2024

20,726

20,726

Depreciation

At 1 April 2023

16,082

16,082

Charge for the year

696

696

At 31 March 2024

16,778

16,778

Carrying amount

At 31 March 2024

3,948

3,948

At 31 March 2023

4,644

4,644

5

Debtors

Current

2024
£

2023
£

Other debtors

4,340

1,056

 

4,340

1,056

6

Creditors

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Social security and other taxes

 

885

-

Other payables

 

21,747

188

Accrued expenses

 

920

860

Corporation tax liability

-

12,678

 

23,552

13,726

 

Campbell Ventures Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

708

708

Repaid

(708)

(708)

At end of period

-

-

2023

Key management
£

Total
£

At start of period

1,525

1,525

Repaid

(817)

(817)

At end of period

708

708

Terms of loans to related parties

During the year the company provided the directors with a loan which was unsecured, interest free and repayable on demand.
 

Loans from related parties

2024

Key management
£

Total
£

Advanced

19,540

19,540

At end of period

19,540

19,540

2023

Terms of loans from related parties

During the year the directors provided the company with a loan which was unsecured, interest free and repayable on demand.