0 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13472780 2023-07-01 2024-06-30 13472780 2024-06-30 13472780 2023-06-30 13472780 2022-07-01 2023-06-30 13472780 2023-06-30 13472780 2022-06-30 13472780 bus:Director1 2023-07-01 2024-06-30 13472780 core:WithinOneYear 2024-06-30 13472780 core:WithinOneYear 2023-06-30 13472780 core:ShareCapital 2024-06-30 13472780 core:ShareCapital 2023-06-30 13472780 core:RetainedEarningsAccumulatedLosses 2024-06-30 13472780 core:RetainedEarningsAccumulatedLosses 2023-06-30 13472780 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 13472780 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 13472780 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 13472780 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-06-30 13472780 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 13472780 core:Non-currentFinancialInstruments 2024-06-30 13472780 core:Non-currentFinancialInstruments 2023-06-30 13472780 bus:Director1 2024-06-30 13472780 bus:Director1 2023-06-30 13472780 bus:SmallEntities 2023-07-01 2024-06-30 13472780 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13472780 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13472780 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13472780 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 13472780
Cambium Investments Limited
Unaudited filleted financial statements
30 June 2024
Cambium Investments Limited
Contents
Statement of financial position
Notes to the financial statements
Cambium Investments Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 3,954,954 3,660,489
_______ _______
3,954,954 3,660,489
Current assets
Debtors 5 11,295 4,581
Cash at bank and in hand 89 50
_______ _______
11,384 4,631
Creditors: amounts falling due
within one year 6 ( 4,296,840) ( 4,296,750)
_______ _______
Net current liabilities ( 4,285,456) ( 4,292,119)
_______ _______
Total assets less current liabilities ( 330,502) ( 631,630)
_______ _______
Net liabilities ( 330,502) ( 631,630)
_______ _______
Capital and reserves
Called up share capital 100 100
Non-distributable profit reserve (339,137) (600,969)
Profit and loss account 8,535 ( 30,761)
_______ _______
Shareholder deficit ( 330,502) ( 631,630)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 November 2024 , and are signed on behalf of the board by:
A J Lucas
Director
Company registration number: 13472780
Cambium Investments Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Russells Farmhouse Braintree Road, Wethersfield, Braintree, Essex, CM7 4BX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023 3,660,488
Additions 508,424
Disposals ( 566,318)
Fair value adjustment 261,832
Other movements 90,528
_______
At 30 June 2024 3,954,954
_______
Impairment
At 1 July 2023 and 30 June 2024 -
_______
Carrying amount
At 30 June 2024 3,954,954
_______
At 30 June 2023 3,660,488
_______
5. Debtors
2024 2023
£ £
Other debtors 11,295 4,581
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 4,296,840 4,296,750
_______ _______
7. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
A J Lucas 4,294,950 4,294,950
_______ _______