Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08569027 2023-07-01 2024-06-30 08569027 2022-07-01 2023-06-30 08569027 2024-06-30 08569027 2023-06-30 08569027 2022-07-01 08569027 c:Director1 2023-07-01 2024-06-30 08569027 d:PlantMachinery 2023-07-01 2024-06-30 08569027 d:MotorVehicles 2023-07-01 2024-06-30 08569027 d:OfficeEquipment 2023-07-01 2024-06-30 08569027 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 08569027 d:OtherPropertyPlantEquipment 2024-06-30 08569027 d:OtherPropertyPlantEquipment 2023-06-30 08569027 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08569027 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 08569027 d:Goodwill 2024-06-30 08569027 d:Goodwill 2023-06-30 08569027 d:CurrentFinancialInstruments 2024-06-30 08569027 d:CurrentFinancialInstruments 2023-06-30 08569027 d:Non-currentFinancialInstruments 2024-06-30 08569027 d:Non-currentFinancialInstruments 2023-06-30 08569027 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08569027 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08569027 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08569027 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08569027 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 08569027 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 08569027 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 08569027 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08569027 d:RetainedEarningsAccumulatedLosses 2024-06-30 08569027 d:RetainedEarningsAccumulatedLosses 2023-06-30 08569027 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 08569027 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 08569027 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 08569027 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 08569027 c:FRS102 2023-07-01 2024-06-30 08569027 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08569027 c:FullAccounts 2023-07-01 2024-06-30 08569027 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08569027 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 08569027 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 08569027 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 08569027 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 08569027 d:HirePurchaseContracts d:MoreThanFiveYears 2024-06-30 08569027 d:HirePurchaseContracts d:MoreThanFiveYears 2023-06-30 08569027 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 08569027 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 08569027 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 08569027









CAMRIDER BRENT CROSS NORTH LONDON LTD
(A Company Limited by Guarantee)

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CAMRIDER BRENT CROSS NORTH LONDON LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 08569027

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
32,118
44,853

Current assets
  

Debtors: amounts falling due within one year
 6 
7,680
5,893

Cash at bank
  
17,571
39,406

  
25,251
45,299

  

Creditors: amounts falling due within one year
 7 
(66,507)
(50,082)

Net current liabilities
  
 
 
(41,256)
 
 
(4,783)

Creditors: amounts falling due after more than one year
 8 
(9,299)
(22,735)

Provisions for liabilities
  

Deferred tax
  
-
(3,810)

Net (liabilities)/assets
  
(18,437)
13,525


Capital and reserves
  

Profit and loss account
  
(18,437)
13,525


Page 1

 
CAMRIDER BRENT CROSS NORTH LONDON LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 08569027

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr D F Everitt
Director

Date: 28 March 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Camrider Brent Cross North London Ltd is a private Company limited by guarantee, incorporated in England and Wales within the United Kingdom. The address of the registered office is 3 Morleys Place, High Street, Sawston, Cambridge, CB22 3TG. The Company is not part of a group. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is only able to trade with the continuing support of the directors. The directors have indicated that this support will not be withdrawn. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 5

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
6,000



At 30 June 2024

6,000



Amortisation


At 1 July 2023
6,000



At 30 June 2024

6,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 7

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 July 2023
78,141


Additions
3,049


Disposals
(11,281)



At 30 June 2024

69,909



Depreciation


At 1 July 2023
33,288


Charge for the year on owned assets
8,640


Charge for the year on financed assets
2,066


Disposals
(6,203)



At 30 June 2024

37,791



Net book value



At 30 June 2024
32,118



At 30 June 2023
44,853

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
6,197
8,267

Page 8

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
75
75

Other debtors
3,705
1,629

Prepayments
3,900
4,189

7,680
5,893



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,000
7,000

Trade creditors
4,642
192

Other taxation and social security
-
694

Obligations under finance lease and hire purchase contracts
1,971
2,184

Other creditors
29,741
17,264

Accruals and deferred income
23,153
22,748

66,507
50,082



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,000
14,000

Net obligations under finance leases and hire purchase contracts
2,299
8,735

9,299
22,735


Included within creditors are secured debts amounting to £4,270 (2023 - £10,918) which are secured on the fixed assets to which they relate.

Page 9

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,000
7,000

Amounts falling due 1-2 years

Bank loans
7,000
7,000

Amounts falling due 2-5 years

Bank loans
-
7,000


14,000
21,000



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
1,971
2,184

Between 1-5 years
2,299
2,184

Over 5 years
-
6,550

4,270
10,918

Page 10

 
CAMRIDER BRENT CROSS NORTH LONDON LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(3,810)
(4,991)


Charged to the profit or loss
3,810
1,181



At end of year
-
(3,810)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(11,213)

Tax losses carried forward
-
7,403

-
(3,810)


12.


Company Status

The Company is a private Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation. 


13.


Related party transactions

During the year the directors of the Company operated loans with the Company. The amount payable by the Company to the directors at the year end was £17,740 (2023 - £5,061). These loans are interest free and repayable on demand. 


Page 11