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Company Registration No. 11679621 (England and Wales)
Camper And Tang Limited Unaudited accounts for the year ended 30 November 2023
Camper And Tang Limited Unaudited accounts Contents
Page
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Camper And Tang Limited Company Information for the year ended 30 November 2023
Director
Richard Holdsworth
Company Number
11679621 (England and Wales)
Registered Office
12 Elm Park Gardens Dover Kent CT17 9NQ England
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Camper And Tang Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,111 
- 
Investment property
88,000 
88,000 
89,111 
88,000 
Current assets
Debtors
5,380 
4,970 
Cash at bank and in hand
7,415 
3,738 
12,795 
8,708 
Creditors: amounts falling due within one year
(22,106)
(24,345)
Net current liabilities
(9,311)
(15,637)
Total assets less current liabilities
79,800 
72,363 
Creditors: amounts falling due after more than one year
(77,691)
(77,691)
Provisions for liabilities
Deferred tax
(2,440)
- 
Net liabilities
(331)
(5,328)
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
(342)
(5,339)
Shareholders' funds
(331)
(5,328)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
Richard Holdsworth Director Company Registration No. 11679621
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Camper And Tang Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Camper And Tang Limited is a private company, limited by shares, registered in England and Wales, registration number 11679621. The registered office is 12 Elm Park Gardens, Dover, Kent, CT17 9NQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
At the time of approving the financial statements, despite the current liability position of the company, it is still considered a going concern due to ongoing continued support from the director. The director has a reasonable expectation that the company shall continue in operational existence for the foreseeable future, thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, for goods and services provided in the normal course of business. The company recognises revenue when rent is received from a tenant.
Presentation currency
The accounts are prepared in sterling, which is this functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
33.3%
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Camper And Tang Limited Notes to the Accounts for the year ended 30 November 2023
Taxation and deferred taxation
Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantive enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the defend tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Camper And Tang Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
- 
- 
- 
Additions
769 
532 
1,301 
At 30 November 2023
769 
532 
1,301 
Depreciation
Charge for the year
146 
44 
190 
At 30 November 2023
146 
44 
190 
Net book value
At 30 November 2023
623 
488 
1,111 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
88,000 
Additions
550 
Net loss from fair value adjustments
(550)
At 30 November 2023
88,000 
The director has revalued the property and deems the amount at the balance sheet date to be the current market value. There has been no valuation of investment property by an independent valuer as at 30/11/2023.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
906 
200 
Accrued income and prepayments
- 
700 
Other debtors
4,474 
4,070 
5,380 
4,970 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,184 
Taxes and social security
559 
- 
Other creditors
331 
349 
Loans from directors
18,956 
22,107 
Accruals
2,260 
705 
22,106 
24,345 
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Camper And Tang Limited Notes to the Accounts for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
57,408 
57,408 
Other creditors
20,283 
20,283 
77,691 
77,691 
Aggregate of amounts that fall due for payment after five years
57,408 
57,408 
Bank loans of £57,408 (2022 - £57,408) are secured by way of fixed charges over individual investment properties.
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
586 
- 
Revaluation of investment property
1,789 
- 
Other deferred taxation
65 
- 
2,440 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
2,440 
- 
Provision at end of year
2,440 
- 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
11 Ordinary shares of £1 each
11 
11 
11
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,214 
2,214 
Later than one year and not later than five years
184 
2,398 
2,398 
4,612 
12
Transactions with related parties
During the period the company borrowed money from a company under common control. At the balance sheet date, the amount owed by Camper & Tang Ltd was £20,283 (2022 - £20,283). During the period the company loaned money to a company under common control. At the balance sheet date the amount owed to Camper & Tang Ltd was £4,475 (2022 - £4,070). The director has loaned money to the company. At the balance sheet date, the amount owed to the director was £18,956 (2022 - £22,107). No interest has been charged and there are no set dates for repayment.
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Camper And Tang Limited Notes to the Accounts for the year ended 30 November 2023
13
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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