| Camberhall Estates Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Camberhall Estates Ltd for the year ended 31 August 2024 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Camberhall Estates Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance |
| Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 24 May 2025 |
|
| Camberhall Estates Ltd |
| Registered number: |
04856714 |
| Balance Sheet |
| as at 31 August 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,995,000 |
|
|
1,995,012 |
|
| Current assets |
| Debtors |
4 |
|
11,866 |
|
|
11,229 |
| Cash at bank and in hand |
|
|
1,687 |
|
|
- |
|
|
|
13,553 |
|
|
11,229 |
|
| Creditors: amounts falling due within one year |
5 |
|
(338,816) |
|
|
(281,769) |
|
| Net current liabilities |
|
|
|
(325,263) |
|
|
(270,540) |
|
| Total assets less current liabilities |
|
|
|
1,669,737 |
|
|
1,724,472 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,110,617) |
|
|
(1,116,572) |
|
| Provisions for liabilities |
|
|
|
(191,224) |
|
|
(157,116) |
|
|
| Net assets |
|
|
|
367,896 |
|
|
450,784 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Capital redemption reserve |
|
|
|
1 |
|
|
1 |
| Other reserve |
8 |
|
|
513,201 |
|
|
513,201 |
| Profit and loss account |
|
|
|
(145,307) |
|
|
(62,419) |
|
| Shareholder's funds |
|
|
|
367,896 |
|
|
450,784 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr C Drake |
| Director |
| Approved by the board on 24 May 2025 |
|
| Camberhall Estates Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 property letting. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
25% straight line |
|
|
Investment properties |
|
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss.
The methods and significant assumptions used to ascertain the fair value of £1,995,000 and fair value movement of £0 included in the profit and loss for the year are as follows;
The properties were valued by the directors at 31 August 2024. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2023 |
1,995,000 |
|
678 |
|
1,995,678 |
|
At 31 August 2024 |
1,995,000 |
|
678 |
|
1,995,678 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2023 |
- |
|
666 |
|
666 |
|
Charge for the year |
- |
|
12 |
|
12 |
|
At 31 August 2024 |
- |
|
678 |
|
678 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
1,995,000 |
|
- |
|
1,995,000 |
|
At 31 August 2023 |
1,995,000 |
|
12 |
|
1,995,012 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
| £ |
£ |
|
Historical cost |
868,129 |
|
868,129 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
868,129 |
|
868,129 |
|
Investment properties are revalued annually by the directors. The basis of valuation is outlined in the accounting policies. |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
457 |
|
1,550 |
|
Other debtors |
11,409 |
|
9,679 |
|
|
|
|
|
|
11,866 |
|
11,229 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,622 |
|
5,288 |
|
Taxation and social security costs |
- |
|
4,175 |
|
Other creditors |
333,194 |
|
272,306 |
|
|
|
|
|
|
338,816 |
|
281,769 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
1,110,617 |
|
1,116,572 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
901,049 |
|
908,341 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 September 2023 |
513,201 |
|
684,268 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(171,067) |
|
|
At 31 August 2024 |
513,201 |
|
513,201 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Camberhall Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 4, Park Ironworks |
|
Forge Road |
|
Kingsley |
|
Bordon |
|
GU35 9LY |