Company registration number 11223390 (England and Wales)
C.A.M. PROPERTY SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
C.A.M. PROPERTY SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
C.A.M. PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11223390)
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
988
1,317
Investment property
4
300,000
270,000
300,988
271,317
Current assets
Debtors
5
18,403
13,167
Cash at bank and in hand
5,385
10,193
23,788
23,360
Creditors: amounts falling due within one year
6
(132,895)
(134,196)
Net current liabilities
(109,107)
(110,836)
Total assets less current liabilities
191,881
160,481
Creditors: amounts falling due after more than one year
7
(162,530)
(162,538)
Provisions for liabilities
(5,584)
Net assets/(liabilities)
23,767
(2,057)
Capital and reserves
Called up share capital
1
1
Non-distributable profits reserve
8
57,666
33,250
Distributable profit and loss reserves
(33,900)
(35,308)
Total equity
23,767
(2,057)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C.A.M. PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11223390)
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 June 2025
Ms C A Croghan
Director
C.A.M. PROPERTY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information
C.A.M. Property Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 50 Huntingdon Close, Mitcham, Surrey, CR4 1XJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has on going financial support from its directors.
1.3
Turnover
Turnover represents rental income received during the period which relates to current accounting period.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
C.A.M. PROPERTY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Computers
£
Cost
At 29 February 2024 and 28 February 2025
2,534
Depreciation and impairment
At 29 February 2024
1,217
Depreciation charged in the year
329
At 28 February 2025
1,546
Carrying amount
At 28 February 2025
988
At 28 February 2024
1,317
C.A.M. PROPERTY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
4
Investment property
2025
£
Fair value
At 29 February 2024
270,000
Revaluations
30,000
At 28 February 2025
300,000
Investment property comprises property at fair value of £300,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimates. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
18,403
13,167
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,510
Other creditors
131,385
134,196
132,895
134,196
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
162,530
162,538
The bank loans are secured against the properties in the company's name by way of a fixed floating charge.
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable other than by instalments
162,538
162,538
C.A.M. PROPERTY SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
33,250
33,250
Non distributable profits in the year
24,416
-
At the end of the year
57,666
33,250