Company Registration No. 01772006 (England and Wales)
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LB GROUP
1 Vicarage Lane
Stratford
London
England
E15 4HF
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
COMPANY INFORMATION
Directors
Mr M C Adamson
Resigned 13/02/2024
Mr M Garner
(Managing director)
Mr V Singh
(Non executive)
Mr P B Stone
Resigned 05/06/2023
Mr D A Taylor
(Non executive)
Mr K J Dunne
(Non executive)
Mr R Miller
(Non executive)
Ms A Gajic
(Non executive)
Ms A G Partridge
Appointed 28/05/2024
Secretary
Mr J Walsh
Company number
01772006
Registered office
Unit 12, Arundel House
34-36 Kirby Street
London
EC1N 8TE
Accountants
LB Group Advisory Limited (Stratford)
1 Vicarage Lane
Stratford
London
England
E15 4HF
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
47,602
82,281
Current assets
Debtors
6
74,886
44,447
Cash at bank and in hand
63,312
77,445
138,198
121,892
Creditors: amounts falling due within one year
7
(65,755)
(82,110)
Net current assets
72,443
39,782
Total assets less current liabilities
120,045
122,063
Creditors: amounts falling due after more than one year
8
(30,472)
(42,761)
Net assets
89,573
79,302
Reserves
Income and expenditure account
89,573
79,302
Members' funds
89,573
79,302

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 12 November 2024 and are signed on its behalf by:
Mr M Garner
Director
Company Registration No. 01772006
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Camden Enterprise Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 12, Arundel House, 34-36 Kirby Street, London, EC1N 8TE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Development Costs
Over a period of 5 years
1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line over lease period
Plant and machinery
33% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Computer equipment
25% on reducing balance
1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Pension Costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
1.5
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Taxation

No corporation tax has been provided in these financial statements as HMRC have confirmed that the nature of the company's activities mean that tax is only payable on investment income.

 

4
Intangible fixed assets
Other
£
Cost
At 1 April 2023 and 31 March 2024
117,759
Amortisation and impairment
At 1 April 2023 and 31 March 2024
117,759
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
616,495
51,130
96,337
217,135
981,097
Additions
5,730
-
0
-
0
-
0
5,730
At 31 March 2024
622,225
51,130
96,337
217,135
986,827
Depreciation and impairment
At 1 April 2023
544,656
51,130
92,334
210,696
898,816
Depreciation charged in the year
38,199
-
0
600
1,610
40,409
At 31 March 2024
582,855
51,130
92,934
212,306
939,225
Carrying amount
At 31 March 2024
39,370
-
0
3,403
4,829
47,602
At 31 March 2023
71,839
-
0
4,003
6,439
82,281
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
58,791
10,397
Other debtors
13,255
15,495
Prepayments and accrued income
2,840
18,555
74,886
44,447
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,931
5,252
Trade creditors
9,117
6,283
Taxation and social security
22,823
34,133
Other creditors
25,884
33,562
Accruals and deferred income
3,000
2,880
65,755
82,110
CAMDEN ENTERPRISE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
30,472
35,403
Other borrowings
-
0
7,358
30,472
42,761
9
Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard For Smaller Entities.

10
Company Limited by Guarantee

In the event of the company being wound up every member or person who has been a member within the twelve months immediately preceding the date of the winding up order undertakes to contribute up to £1 if the assets of the company are insufficient to meet its liabilities in full.

11
Control

The directors consider that there is no one controlling party of the company.

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