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REGISTERED NUMBER: 00659283 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Cameo Investments Limited

Cameo Investments Limited (Registered number: 00659283)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cameo Investments Limited

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mrs. S. E. Wood





REGISTERED OFFICE: 47a Queen Street
Derby
Derbyshire
DE1 3DE





REGISTERED NUMBER: 00659283 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Cameo Investments Limited (Registered number: 00659283)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,291,000 1,291,000

CURRENT ASSETS
Debtors 5 562 13,829
Cash at bank 110,974 80,888
111,536 94,717
CREDITORS
Amounts falling due within one year 6 15,963 11,088
NET CURRENT ASSETS 95,573 83,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,386,573

1,374,629

PROVISIONS FOR LIABILITIES 239,880 182,309
NET ASSETS 1,146,693 1,192,320

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Fair value reserve 8 888,768 946,339
Retained earnings 247,925 235,981
SHAREHOLDERS' FUNDS 1,146,693 1,192,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 1 October 2024 and were signed by:





Mrs. S. E. Wood - Director


Cameo Investments Limited (Registered number: 00659283)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Cameo Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. 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.

Turnover
Income represents rents received before deduction of expenses and excluding value added tax.

Investment property
In accordance with Financial Reporting Standard 102 (FRS 102), investment properties are revalued and the surplus or deficit is transferred to the profit and loss account, and no depreciation is provided in respect of freehold investment properties. The requirement of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting principle set out in FRS 102. The director considers that to depreciate such properties would not give a true and fair view, but that a true and fair view is given by following FRS 102 as described above. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the director, would be misleading. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

Financial liabilities
Short term creditors are measured at transaction price, less any impairment.

Financial assets
Short term debtors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Cameo Investments Limited (Registered number: 00659283)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,291,000
NET BOOK VALUE
At 5 April 2024 1,291,000
At 5 April 2023 1,291,000

The company's investment properties are valued annually by the director.The above figures reflect these values.

The original cost of these properties was £162,350 (2023 £162,350).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Management agent's account - 10,535
Accrued income 400 1,555
Prepayments 162 1,739
562 13,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued charges 1,513 1,513
Corporation tax 10,742 5,150
Receipts in advance 2,700 3,417
Directors' current accounts 1,008 1,008
15,963 11,088

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

8. RESERVES
Fair
value
reserve
£   
At 6 April 2023 946,339
Deferred tax (57,571 )

At 5 April 2024 888,768