REGISTERED NUMBER: 07011958 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

CAMCO5 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Mallon

REGISTERED OFFICE:

91 Harris Drive

Bootle

Liverpool

Merseyside

L20 6LF

REGISTERED NUMBER:

07011958 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

6,491

9,406

Investments

5

100

100

Investment property

6

2,000,000

2,000,000

2,006,591

2,009,506

CURRENT ASSETS

Debtors

7

66,314

66,641

Cash at bank

11,046

16,414

77,360

83,055

CREDITORS

Amounts falling due within one year

8

376,662

365,117

NET CURRENT LIABILITIES

(299,302

)

(282,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,707,289

1,727,444

CREDITORS

Amounts falling due after more than one year

9

(602,171

)

(634,952

)

PROVISIONS FOR LIABILITIES

(209,309

)

(276,135

)

NET ASSETS

895,809

816,357

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

894,809

815,357

SHAREHOLDERS' FUNDS

895,809

816,357

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 7 March 2025 and were signed by:

P Mallon - Director

1.	STATUTORY INFORMATION

CAMCO5 Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on rental income, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as the rents become due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

2,100

33,572

35,672

DEPRECIATION

At 1 October 2023

1,732

24,534

26,266

Charge for year

159

2,756

2,915

At 30 September 2024

1,891

27,290

29,181

NET BOOK VALUE

At 30 September 2024

209

6,282

6,491

At 30 September 2023

368

9,038

9,406

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2023

and 30 September 2024

100

NET BOOK VALUE

At 30 September 2024

100

At 30 September 2023

100

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2023

and 30 September 2024

2,040,064

DEPRECIATION

At 1 October 2023

and 30 September 2024

40,064

NET BOOK VALUE

At 30 September 2024

2,000,000

At 30 September 2023

2,000,000

Cost or valuation at 30 September 2024 is represented by:

£

Valuation in 2020

295,134

Valuation in 2021

800,000

Cost

944,930

2,040,064

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Amounts owed by group undertakings

65,068

65,133

Other debtors

1,246

1,508

66,314

66,641

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

31,658

30,533

Trade creditors

-

1,295

Amounts owed to associates

341,630

329,450

Other creditors

3,374

3,839

376,662

365,117

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

602,171

634,952

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

475,540

512,819

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

633,829

665,485

A debenture dated 26 April 2012 held by Lloyds Bank plc, is held over the assets of the company.

11.	RELATED PARTY DISCLOSURES