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Registered number: 12266852
Camberwell Energy Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12266852
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,585 2,678
Investments 5 23,782 22,500
25,367 25,178
CURRENT ASSETS
Debtors 6 23,734 75,454
Cash at bank and in hand 97,210 104,999
120,944 180,453
Creditors: Amounts Falling Due Within One Year 7 (24,755 ) (47,014 )
NET CURRENT ASSETS (LIABILITIES) 96,189 133,439
TOTAL ASSETS LESS CURRENT LIABILITIES 121,556 158,617
Creditors: Amounts Falling Due After More Than One Year 8 (137 ) (287 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (396 ) (509 )
NET ASSETS 121,023 157,821
CAPITAL AND RESERVES
Called up share capital 9 102 100
Profit and Loss Account 120,921 157,721
SHAREHOLDERS' FUNDS 121,023 157,821
Page 1
Page 2
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Moxham
Director
9th May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Camberwell Energy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12266852 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line on cost
Computer Equipment 33.33% straight line on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Investments
Investments are held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 721 4,469 5,190
Disposals - (1,369 ) (1,369 )
As at 31 October 2024 721 3,100 3,821
Depreciation
As at 1 November 2023 197 2,315 2,512
Provided during the period 144 949 1,093
Disposals - (1,369 ) (1,369 )
As at 31 October 2024 341 1,895 2,236
Net Book Value
As at 31 October 2024 380 1,205 1,585
As at 1 November 2023 524 2,154 2,678
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5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 November 2023 22,500 - 22,500
Additions - 1,282 1,282
As at 31 October 2024 22,500 1,282 23,782
Provision
As at 1 November 2023 - - -
As at 31 October 2024 - - -
Net Book Value
As at 31 October 2024 22,500 1,282 23,782
As at 1 November 2023 22,500 - 22,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,882 36,498
Other debtors 7,852 38,956
23,734 75,454
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,015 671
Other creditors 25,871 24,848
Taxation and social security (5,131 ) 21,495
24,755 47,014
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 137 287
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Page 6
9. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
10,231 Ordinary Shares of £ 0.010 each 102 100
Shares issued during the period: £
231 Ordinary Shares of £ 0.010 each 2
10. Controlling Party
The company's controlling party is Mr Benjamin Moxham by virtue of his ownership of 85% of the issued share capital in the company.
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