IRIS Accounts Production v24.3.2.46 08022872 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080228722023-04-30080228722024-04-30080228722023-05-012024-04-30080228722022-04-30080228722022-05-012023-04-30080228722023-04-3008022872ns15:EnglandWales2023-05-012024-04-3008022872ns14:PoundSterling2023-05-012024-04-3008022872ns10:Director12023-05-012024-04-3008022872ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008022872ns10:SmallEntities2023-05-012024-04-3008022872ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008022872ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008022872ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008022872ns10:FullAccounts2023-05-012024-04-300802287212023-05-012024-04-3008022872ns10:RegisteredOffice2023-05-012024-04-3008022872ns5:CurrentFinancialInstruments2024-04-3008022872ns5:CurrentFinancialInstruments2023-04-3008022872ns5:Non-currentFinancialInstruments2024-04-3008022872ns5:Non-currentFinancialInstruments2023-04-3008022872ns5:ShareCapital2024-04-3008022872ns5:ShareCapital2023-04-3008022872ns5:RetainedEarningsAccumulatedLosses2024-04-3008022872ns5:RetainedEarningsAccumulatedLosses2023-04-3008022872ns5:NetGoodwill2023-05-012024-04-3008022872ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008022872ns5:PlantMachinery2023-05-012024-04-3008022872ns5:NetGoodwill2023-04-3008022872ns5:NetGoodwill2024-04-3008022872ns5:NetGoodwill2023-04-3008022872ns5:PlantMachinery2023-04-3008022872ns5:PlantMachinery2024-04-3008022872ns5:PlantMachinery2023-04-3008022872ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008022872ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 08022872 (England and Wales)















CAMERON CONTEMPORARY ART LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMERON CONTEMPORARY ART LTD

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: R Cameron





REGISTERED OFFICE: 1 Victoria Grove
2nd Avenue
Hove
East Sussex
BN3 2LJ





REGISTERED NUMBER: 08022872 (England and Wales)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,243 1,784
1,243 1,784

CURRENT ASSETS
Stocks 4,200 4,200
Debtors 6 28,032 43,299
Cash at bank and in hand 1,738 222
33,970 47,721
CREDITORS
Amounts falling due within one year 7 31,576 43,736
NET CURRENT ASSETS 2,394 3,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,637

5,769

CREDITORS
Amounts falling due after more than one
year

8

2,729

5,183
NET ASSETS 908 586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 808 486
SHAREHOLDERS' FUNDS 908 586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

BALANCE SHEET - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





R Cameron - Director


CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Cameron Contemporary Art Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods and services supplied by the company in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of nine years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 14,000
AMORTISATION
At 1 May 2023
and 30 April 2024 14,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 16,677
DEPRECIATION
At 1 May 2023 14,893
Charge for year 541
At 30 April 2024 15,434
NET BOOK VALUE
At 30 April 2024 1,243
At 30 April 2023 1,784

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,710 6,877
Other debtors 11,293 11,814
Director's loan account 5,479 20,058
Tax recoverable 4,550 4,550
28,032 43,299

CAMERON CONTEMPORARY ART LTD (REGISTERED NUMBER: 08022872)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,453 4,290
Other loans 17,600 17,600
Trade creditors 229 487
Taxation and social security 4,587 10,479
Other creditors 6,707 10,880
31,576 43,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 2,729 5,183

9. OTHER FINANCIAL COMMITMENTS

At 30 April 2024 the company was committed to making total payments under non-cancellable operating leases of £5,300 (2023, £13,750).



10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 April 2024 the company had provided the director with loans totalling £5,480 (2023, £20,058). There are no fixed terms of repayment. Interest were charged on these loans at the official rate of interest.




11. RELATED PARTY DISCLOSURES

At 30 April 2024, the company had received an interest free loan from a close family member of £17,600 (2023, £17,600). There are no fixed repayment terms for this loan.