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Registration number: 14161084

Camills Farm Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

Camills Farm Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Camills Farm Ltd

Company Information

Directors

Mrs Barbara Elizabeth Rounsevell

Mr David Rounsevell

Registered office

2 & 3 St. Clement Vean
Truro
Cornwall
TR1 1RN

Accountants

Harland Accountants Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

Camills Farm Ltd

(Registration number: 14161084)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,482

-

Investment property

1,307,828

-

 

1,309,310

-

Current assets

 

Debtors

100

100

Cash at bank and in hand

 

5,219

-

 

5,319

100

Creditors: Amounts falling due within one year

(1,299,011)

-

Net current (liabilities)/assets

 

(1,293,692)

100

Total assets less current liabilities

 

15,618

100

Accruals and deferred income

 

(1,200)

-

Net assets

 

14,418

100

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

14,318

-

Shareholders' funds

 

14,418

100

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Camills Farm Ltd

(Registration number: 14161084)
Abridged Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................

Mrs Barbara Elizabeth Rounsevell

Director

 

Camills Farm Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 & 3 St. Clement Vean
Truro
Cornwall
TR1 1RN
United Kingdom

These financial statements were authorised for issue by the Board on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Camills Farm Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

2% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Camills Farm Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Improvements to property
 £

Total
£

Cost or valuation

Additions

1,512

1,512

At 31 August 2024

1,512

1,512

Depreciation

Charge for the year

30

30

At 31 August 2024

30

30

Carrying amount

At 31 August 2024

1,482

1,482

Investment properties

 

Camills Farm Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

2024
£

Additions

1,307,828

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

6

Related party transactions

Summary of transactions with parent

As at 31 August 2024 Chaos Group Cornwall Ltd owed Camills Farm Ltd £100 (2023 - £100).

Summary of transactions with other related parties

Due to common management between companies, as at 31 August 2024 Camills Farm Ltd owed Stayathome Ltd £1,295,114 (2023 - £0).

7

Parent and ultimate parent undertaking

The company's immediate parent is Chaos Group Cornwall Ltd, incorporated in England and Wales.