Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13917209 2023-01-01 2023-12-31 13917209 2022-02-15 2022-12-31 13917209 2023-12-31 13917209 2022-12-31 13917209 c:Director1 2023-01-01 2023-12-31 13917209 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-12-31 13917209 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2022-12-31 13917209 d:CurrentFinancialInstruments 2023-12-31 13917209 d:CurrentFinancialInstruments 2022-12-31 13917209 d:Non-currentFinancialInstruments 1 2023-12-31 13917209 d:Non-currentFinancialInstruments 1 2022-12-31 13917209 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13917209 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13917209 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13917209 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13917209 d:ShareCapital 2023-01-01 2023-12-31 13917209 d:ShareCapital 2023-12-31 13917209 d:ShareCapital 2022-02-15 2022-12-31 13917209 d:ShareCapital 2022-12-31 13917209 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13917209 d:RetainedEarningsAccumulatedLosses 2023-12-31 13917209 d:RetainedEarningsAccumulatedLosses 2022-02-15 2022-12-31 13917209 d:RetainedEarningsAccumulatedLosses 2022-12-31 13917209 c:FRS102 2023-01-01 2023-12-31 13917209 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13917209 c:FullAccounts 2023-01-01 2023-12-31 13917209 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13917209 f:Euro 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13917209









CAMPANET ORCHARD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CAMPANET ORCHARD LIMITED
REGISTERED NUMBER: 13917209

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

Fixed assets
  

Investments
 4 
5,318,877
5,023,014

  
5,318,877
5,023,014

Current assets
  

Cash at bank and in hand
  
115
-

  
115
-

Creditors: amounts falling due within one year
 5 
(22,472)
(5,029,895)

Net current liabilities
  
 
 
(22,357)
 
 
(5,029,895)

Creditors: amounts falling due after more than one year
 6 
(2,279,577)
-

  

Net assets/(liabilities)
  
3,016,943
(6,881)


Capital and reserves
  

Called up share capital 
  
3,036,417
119

Retained earnings
  
(19,474)
(7,000)

Shareholders' funds/(deficit)
  
3,016,943
(6,881)


Page 1

 
CAMPANET ORCHARD LIMITED
REGISTERED NUMBER: 13917209
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of .

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The  were approved and authorised for issue by the board and were signed on its behalf by: 




H S Elkington
Director

Date: 19 October 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
CAMPANET ORCHARD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity



Comprehensive income for the period

Loss for the period
-
(7,000)
(7,000)


Contributions by and distributions to owners

Shares issued during the period
119
-
119



At 1 January 2023
119
(7,000)
(6,881)


Comprehensive income for the year

Loss for the year
-
(12,474)
(12,474)


Contributions by and distributions to owners

Shares issued during the year
3,036,298
-
3,036,298


At 31 December 2023
3,036,417
(19,474)
3,016,943


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
CAMPANET ORCHARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Campanet Orchard Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13917209). The registered office address is 45 Gresham Street, London, EC2V 7BG.
The Company's functional and presentational currency is EUR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
CAMPANET ORCHARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
CAMPANET ORCHARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies




Cost or valuation


At 1 January 2023
5,023,014


Additions
295,863



At 31 December 2023
5,318,877





5.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
3,540
3,540

Other creditors
11,162
5,019,355

Accruals and deferred income
7,770
7,000

22,472
5,029,895



6.


Creditors: Amounts falling due after more than one year

2023
2022

Loan note issues
2,279,577
-


During the year, a resolution was passed to convert the directors' loans into loan notes and equity to the total value of €1,983,714. These unsecured loan notes are subject to discretionary interest of 3% per annum, and is split evenly between the two directors. An additional loan note was issued during the year totalling €295,863 which does not attract interest, and is split evenly between the two directors.


7.


Related party transactions

At the year end, the director was owed €11,162 (2022 - €5,019,355) by the company. This amount is unsecured, interest free and has no set date for repayment.

Page 6

 
CAMPANET ORCHARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 7