2023-05-26 14896817 2024-05-31 14896817 2023-05-26 2024-05-31 14896817 uk-core:WithinOneYear 2024-05-31 14896817 uk-core:ShareCapital 2024-05-31 14896817 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 14896817 uk-bus:Director1 2023-05-26 2024-05-31 14896817 uk-core:PlantMachinery 2023-05-26 2024-05-31 14896817 uk-core:WithinOneYear 2023-05-26 2024-05-31 14896817 2 uk-bus:Director1 2023-05-26 2024-05-31 14896817 2 uk-bus:Director1 2024-05-31 iso4217:GBP xbrli:pure 14896817 uk-bus:AuditExemptWithAccountantsReport 2023-05-26 2024-05-31 14896817 uk-bus:FRS102 2023-05-26 2024-05-31 14896817 uk-bus:FilletedAccounts 2023-05-26 2024-05-31 14896817 uk-bus:PrivateLimitedCompanyLtd 2023-05-26 2024-05-31
Camogli Holdings Ltd
Registered Number:14896817
For the period ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the period ended 31 May 2024
Camogli Holdings Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
14896817
As at 31 May 2024
Camogli Holdings Ltd
Statement of Financial Position
£
2024
Notes
Fixed assets
Property, plant and equipment
2,983
2
3
7,025,000
Investment property
7,027,983
Current assets
Trade and other receivables
3,239,237
4
Cash and cash equivalents
928,576
4,167,813
Trade and other payables: amounts falling due within one
year
(11,073,090)
5
(6,905,277)
Net current liabilities
Total assets less current liabilities
122,706
14,316
Provisions for liabilities
137,022
Net assets/liabilities
Capital and reserves
Called up share capital
100
Retained earnings
136,922
137,022
Shareholders' funds
For the period 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 members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C Hall Director
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by:
The notes form part of these financial statements
1 of 5
4
For the period ended 31 May 2024
Camogli Holdings Ltd
Notes to the Financial Statements
Statutory Information
Camogli Holdings Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 14896817.
Principal place of business:
Floor 4
Studio 5 - 11
Milbay Road
Plymouth
PL1 3LF
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared using historical cost convention except that as disclosed in the
accounting policies certain items are shown at fair value.
Significant judgements and estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.
Revenue recognition
Turnover represents the rental income for the period, exclusive of value added tax. Rentals are recognised on a straight-line basis over the lease term, even if the amounts due are not received on such a basis. in accordance with FRS 102, incentives provided to tenants to sign a lease, including rent free periods, are similarly spread on a straight-line basis over the lease term, except where the lease includes a break clause and it is anticipated that this will be exercised, in which case it is spread over the period to the break clause date.
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any differences in nature, location or condition of the specific asset. Changes in fair value are reconised in the profit and loss.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
2 of 5
5
For the period ended 31 May 2024
Camogli Holdings Ltd
Notes to the Financial Statements Continued
Going concern
The director confirms that, in his considered opinion, the company is able to continue trading for the foreseeable
future and for at least one year from the date of these accounts. In arriving at this opinion, the director has
considered the company's current financial position, its current level of activity and all other relevant information.
Tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised
as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Financial Instruments
Classification
The company holds the following financial instruments:
- Short term trade and other debtors and creditors;
- Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS 102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire
or substantively all the risks and rewards of ownership are transferred to another party, or in the case of liabilities,
when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at the transaction price, including transaction costs, and are subsequently
carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking
account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at
amortised cost using the effective interest method.
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
3,728
Additions
At 31 May 2024
3,728
Provision for depreciation and impairment
Charge for period
745
At 31 May 2024
745
At 31 May 2024
Net book value
2,983
3 of 5
6
For the period ended 31 May 2024
Camogli Holdings Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
Additions
7,025,000
At 31 May 2024
7,025,000
Net book value
At 31 May 2024
7,025,000
The investment properties class of fixed assets was revalued on 31 May 2024 by Mr C J Hall FRICS who is internal to the company. The basis of the valuation was current market value.
4. Trade and other receivables
2024
£
Trade debtors
3,512
Other debtors
3,235,725
3,239,237
5. Trade and other payables: amounts falling due within one year
2024
£
Trade creditors
54,652
Taxation and social security
71,334
Other creditors
10,947,104
11,073,090
Included within taxation and social security is corporation tax of £56,573.
6. Related party transactions
The company is under the effective control of its director.
7. Directors advances and guarantees
Loaned
At 31/05/2024
£
£
C Hall
Loan to/ (from) director
399
399
399
399
4 of 5
7
For the period ended 31 May 2024
Camogli Holdings Ltd
Notes to the Financial Statements Continued
8. Subsequent events
On 20 June 2024 100 £1 Growth shares were issued in the company.
9. Average number of persons employed
During the period the average number of employees was 3
5 of 5