Registered number
12862993
Camberwick Mill Ltd
Filleted Accounts
31 December 2024
Camberwick Mill Ltd
Registered number: 12862993
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 464,441 467,175
Current assets
Stocks 2,330 1,800
Debtors 4 3,549 3,468
Cash at bank and in hand 238 2,111
6,117 7,379
Creditors: amounts falling due within one year 5 (29,028) (36,093)
Net current liabilities (22,911) (28,714)
Total assets less current liabilities 441,530 438,461
Creditors: amounts falling due after more than one year 6 (395,802) (387,801)
Deferred tax (1,038) (1,435)
Net assets 44,690 49,225
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,590 49,125
Shareholders' funds 44,690 49,225
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 members have 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.
Paul Stollery
Director
Approved by the board on 17 September 2025
Camberwick Mill Ltd
Notes to the Accounts
for the year ended 31 December 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 the letting of hotel accomodation . Turnover from the letting of hotel accomodation is recognised by reference to the period for which the accomodation was occupied.
Tangible fixed assets
Tangible fixed assets, other than freehold land and buildings, are measured at cost less accumulative depreciation and any accumulative impairment losses. Freehold land and buildings are measured at far value. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 460,000 13,470 473,470
Additions 3,820 - 3,820
Surplus on revaluation (3,820) - (3,820)
At 31 December 2024 460,000 13,470 473,470
Depreciation
At 1 January 2024 - 6,295 6,295
Charge for the year - 2,734 2,734
At 31 December 2024 - 9,029 9,029
Net book value
At 31 December 2024 460,000 4,441 464,441
At 31 December 2023 460,000 7,175 467,175
Freehold land and buildings: 2024 2023
£ £
Historical cost 454,539 452,449
Cumulative depreciation based on historical cost - -
454,539 452,449
The freehold land and buildings was valued by the director at £460,000 at the year end based on the open market value.
4 Debtors 2024 2023
£ £
Trade debtors - 236
Other debtors 3,549 3,232
3,549 3,468
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,055 17,477
Trade creditors 200 -
Taxation and social security costs 1,954 2,819
Other creditors 2,819 15,797
29,028 36,093
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 177,366 200,745
Other creditors 218,436 187,056
395,802 387,801
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 165,283 171,746
The bank loan is secured by means of a fixed charge on the freehold property.
8 Other information
Camberwick Mill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Yaxham Mill
Norwich Road
Yaxham, Dereham
Norfolk
NR19 1RH
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