Obar Camden Limited
Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 04962866 (England and Wales)
Obar Camden Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Obar Camden Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
107,341
112,088
Cash at bank and in hand
3,996
12,199
111,337
124,287
Creditors: amounts falling due within one year
4
(95,362)
(109,120)
Net current assets
15,975
15,167
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
15,973
15,165
Total equity
15,975
15,167

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
O Bengough
Director
Company Registration No. 04962866
Obar Camden Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Obar Camden Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 7 Greenland Street, London, United Kingdom, NW1 0ND.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Going concern

The company made a profit of £808 (2023: loss of £26,280) and has net assets of £15,975 (2023: £15,167).

The company is part of a group and receives support from fellow group companies to enable it to meet its obligations as they fall due. The company has received a letter of support, confirming that support will be provided for a period of not less than twelve months from the date of signing the financial statements. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of the accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

Obar Camden Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
106,799
111,546
Other debtors
542
542
107,341
112,088
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
95,362
95,362
Other creditors
-
7,037
Accruals and deferred income
-
0
6,721
95,362
109,120
Obar Camden Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Jeremy Read and the auditor was Moore Kingston Smith LLP.
7
Related party transactions

The company has taken exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.

8
Parent company

The company is controlled by Obar Camden Holdings Limited, its immediate and ultimate parent company, a company registered in England and Wales.

A copy of the group's consolidated financial statements can be obtained from the registered office of Obar Camden Holdings Limited: 3rd Floor, 7 Greenland Street, London, NW1 0ND.

The ultimate controlling party is O Bengough, by virtue of his majority voting shareholding in Obar Camden Holdings Limited.

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