Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13836822 2023-02-01 2024-01-31 13836822 2022-01-10 2023-01-31 13836822 2024-01-31 13836822 2023-01-31 13836822 c:Director1 2023-02-01 2024-01-31 13836822 d:CurrentFinancialInstruments 2024-01-31 13836822 d:CurrentFinancialInstruments 2023-01-31 13836822 d:Non-currentFinancialInstruments 2024-01-31 13836822 d:Non-currentFinancialInstruments 2023-01-31 13836822 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13836822 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13836822 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13836822 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13836822 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 13836822 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 13836822 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 13836822 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 13836822 d:ShareCapital 2024-01-31 13836822 d:ShareCapital 2023-01-31 13836822 d:RetainedEarningsAccumulatedLosses 2024-01-31 13836822 d:RetainedEarningsAccumulatedLosses 2023-01-31 13836822 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13836822 c:OrdinaryShareClass1 2024-01-31 13836822 c:OrdinaryShareClass1 2023-01-31 13836822 c:OrdinaryShareClass2 2023-02-01 2024-01-31 13836822 c:OrdinaryShareClass2 2024-01-31 13836822 c:OrdinaryShareClass2 2023-01-31 13836822 c:FRS102 2023-02-01 2024-01-31 13836822 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13836822 c:FullAccounts 2023-02-01 2024-01-31 13836822 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13836822 d:Subsidiary1 2023-02-01 2024-01-31 13836822 d:Subsidiary1 1 2023-02-01 2024-01-31 13836822 6 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13836822


 

CAMEO HOLDINGS LIMITED
 
UNAUDITED
 
ANNUAL REPORT
 
FOR THE YEAR ENDED 31 JANUARY 2024

 
CAMEO HOLDINGS LIMITED
REGISTERED NUMBER: 13836822

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
5,799,532
5,136,248

 
Current assets
  

Cash at bank and in hand
  
18,197
63,875

Creditors: amounts falling due within one year
 5 
(2,543,741)
(1,917,858)

Net current liabilities
  
 
 
(2,525,544)
 
 
(1,853,983)

Total assets less current liabilities
  
3,273,988
3,282,265

Creditors: amounts falling due after more than one year
 6 
(2,208,427)
(2,692,780)

Net assets
  
1,065,561
589,485


Capital and reserves
  

Called up share capital 
 8 
8,003
8,003

Profit and loss account
  
1,057,558
581,482

  
1,065,561
589,485


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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




L H H Horton-Walker
Director

Date: 29 October 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CAMEO HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cameo Holdings Limited ("the company") is a limited liability company incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the company's registered office is Unit 1 Estley Green Industrial EstateBox RoadBroughton AstleyLeicesterLE9 6TJ.
 
The financial statements are prepared in Sterling (£), which is the functional currency of the company.

The financial statements are for the year ended 31 January 2024 (2023: year ended 31 January 2023).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

At the period end, the company had net current liabilities of £2,525,544
The company's day to day working capital requirements are supported by a loan from the subsidiary company along with financing received from the company's bankers.

At the time of signing these financial statements, the director has considered the going concern position, and considers that with the continued financial facilities available to the company that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these financial statements.

On that basis, the director has prepared these financial statements on a going concern basis.
 
 
2.4

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries and joint ventures are measured at cost less accumulated impairment.

Page 2

 
CAMEO HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

  
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other creditors, amounts owed to group undertakings, bank and other loans and investments in ordinary equity shares.
 
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

 
2.8

Taxation

Tax is recognised in the profit and loss account 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023: 1).


4.


Fixed asset investments





Investments in subsidiary companies
Investment in joint ventures
Total

£
£
£



Cost


At 1 February 2023
5,136,248
-
5,136,248


Additions
-
663,284
663,284



At 31 January 2024
5,136,248
663,284
5,799,532




The company holds 50% of the ordinary share capital in Zixtel Ltd.

Page 3

 
CAMEO HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

           4.Fixed asset investments (continued)


Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Cameo Computer Services (UK) Limited
Unit 1 Estley Green Industrial Estate,
 Box Road,
 Broughton Astley, England
LE9 6TJ
Computer maintenance
Ordinary
Ordinary A
Ordinary B
Ordinary C
Ordinary D
100%


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
491,552
457,184

Amounts owed to group undertakings
1,924,496
1,256,286

Other creditors
117,922
201,148

Accruals and deferred income
9,771
3,240

2,543,741
1,917,858


Amounts owed to group undertakings are repayable on demand.


6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,208,427
1,692,780

Other loans
1,000,000
1,000,000

2,208,427
2,692,780


Secured creditors

HSBC UK Bank plc holds a fixed and floating charge over the company's assets in respect of all borrowings, including bank loans of £491,552 and £1,208,427 included within note 5 and note 6 respectively.

Page 4

 
CAMEO HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
491,552
457,184

Amounts falling due 1-2 years

Bank loans
546,714
499,387

Amounts falling due 2-5 years

Bank loans
661,713
1,193,393

Other loans
1,000,000
1,000,000


1,661,713
2,193,393


2,699,979
3,149,964



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8,002 (2023: 8,002) Ordinary shares of £1.00 each
8,002
8,002
1 (2023: 1) Ordinary A share of £1.00
1
1

8,003

8,003



9.


Related party transactions

The company has taken advantage of the disclosure exemption conferred within section 33 of FRS 102 in respect of disclosing transactions between wholly owned group companies.


Page 5