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REGISTERED NUMBER: 10489629 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Camco Properties Limited

Camco Properties Limited (Registered number: 10489629)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Camco Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: T Davison
Miss L A Davison





REGISTERED OFFICE: 61 Bridge Street
Kington
Herefordshire
HR5 3DJ





REGISTERED NUMBER: 10489629 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Camco Properties Limited (Registered number: 10489629)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,698 6,031
Investments 5 - 646,842
Investment property 6 1,200,000 1,200,000
1,208,698 1,852,873

CURRENT ASSETS
Debtors 7 4,671 9,713
Cash at bank 129,119 112,530
133,790 122,243
CREDITORS
Amounts falling due within one year 8 23,895 56,147
NET CURRENT ASSETS 109,895 66,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,318,593

1,918,969

PROVISIONS FOR LIABILITIES 1,367 -
NET ASSETS 1,317,226 1,918,969

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium - 646,842
Retained earnings 1,317,026 1,271,927
SHAREHOLDERS' FUNDS 1,317,226 1,918,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Camco Properties Limited (Registered number: 10489629)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





T Davison - Director


Camco Properties Limited (Registered number: 10489629)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Camco Properties 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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. Revenue is recognised as the rents are 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 etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

A provision for impairment is done if required.

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.


Camco Properties Limited (Registered number: 10489629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 8,692
Additions 5,211
At 31 May 2024 13,903
DEPRECIATION
At 1 June 2023 2,661
Charge for year 2,544
At 31 May 2024 5,205
NET BOOK VALUE
At 31 May 2024 8,698
At 31 May 2023 6,031

Camco Properties Limited (Registered number: 10489629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 June 2023 646,842
Revaluations (646,842 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 646,842

Cost or valuation at 31 May 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 (100 )
Valuation in 2024 (646,842 )
Cost 646,942

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,200,000
NET BOOK VALUE
At 31 May 2024 1,200,000
At 31 May 2023 1,200,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2018 216,972
Valuation in 2020 (218,475 )
Cost 1,201,503
1,200,000

During this accounting period the directors have reviewed the valuations and amended the valuation of several properties as necessary, on the basis of their knowledge of the property sector.

If the investment properties were sold at the carrying amount in the balance sheet the amount of tax payable would be £300,000, (2023 £228,000).

Camco Properties Limited (Registered number: 10489629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 4,671 9,713

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings - 41,268
Taxation and social security 2,085 -
Other creditors 21,810 14,879
23,895 56,147

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Miss L A Davison
Balance outstanding at start of year - 8,209
Amounts repaid - (8,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -