Company Registration No. 12241486 (England and Wales)
CAMERA WORLD HOLDINGS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
UK
CM1 1GU
CAMERA WORLD HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CAMERA WORLD HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
306,050
306,050
Current assets
-
-
Creditors: amounts falling due within one year
5
(133,307)
(50,415)
Net current liabilities
(133,307)
(50,415)
Total assets less current liabilities
172,743
255,635
Creditors: amounts falling due after more than one year
6
(172,570)
(255,462)
Net assets
173
173
Capital and reserves
-
-
Called up share capital
173
173

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

For the financial year ended 31 May 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 member has 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 February 2025 and are signed on its behalf by:
Mr J Helman
Director
Company registration number 12241486 (England and Wales)
CAMERA WORLD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Camera World Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, UK, CM1 1GU.

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. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CAMERA WORLD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
306,050
306,050
4
Subsidiaries

Details of the company's subsidiaries at 31 May 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Camera World Limited
UK
Ordinary shares
100.00
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
83,315
423
Other creditors
49,992
49,992
133,307
50,415

After the balance sheet date, the company has entered into a fixed and floating charge with a negative pledge secured over the assets of the company dated 27 November 2024, in favour of Lloyds Bank PLC.

 

After the balance sheet date, the company has entered into a fixed charge with a negative pledge secured over the assets of the company dated 27 November 2024, in favour of Lloyds Bank PLC.

CAMERA WORLD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
131,707
164,607
Other creditors
40,863
90,855
172,570
255,462
7
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2024
2023
2024
2023
£
£
£
£
Entities over which the entity has control, joint control or significant influence
-
0
-
0
131,707
164,607
Entities with control, joint control or significant influence over the company
-
0
-
0
83,315
423
Other information

During the year the company received dividends of £155,000 (2023: £114,100) from its subsidiary and paid £155,000 (2023: £40,100) of dividends to its parent company.

8
Parent company

The company's ultimate parent company is HGJ Holdings Ltd a company incorporated in England and Wales with a registered office of Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, England, CM1 1GU.

2024-05-312023-06-01false12 February 2025CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr J HelmanMrs G Helmanfalse122414862023-06-012024-05-31122414862024-05-31122414862023-05-3112241486core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3112241486core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3112241486core:Non-currentFinancialInstrumentscore:AfterOneYear2024-05-3112241486core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3112241486core:CurrentFinancialInstruments2024-05-3112241486core:CurrentFinancialInstruments2023-05-3112241486core:Non-currentFinancialInstruments2024-05-3112241486core:Non-currentFinancialInstruments2023-05-3112241486core:ShareCapital2024-05-3112241486core:ShareCapital2023-05-3112241486bus:Director12023-06-012024-05-31122414862022-06-012023-05-3112241486core:Subsidiary12023-06-012024-05-3112241486core:Subsidiary112023-06-012024-05-3112241486core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-06-012024-05-3112241486core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2024-05-3112241486core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-05-3112241486bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112241486bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112241486bus:FRS1022023-06-012024-05-3112241486bus:AuditExemptWithAccountantsReport2023-06-012024-05-3112241486bus:Director22023-06-012024-05-3112241486bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP