Company No: 13917209 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	H S Elkington
	S Elkington

REGISTERED OFFICE	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

COMPANY NUMBER

13917209 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	14th Floor
	103 Colmore Row
	Birmingham
	B3 3AG

	Note	2024		2023
		€		€
Fixed assets
Investments	3	5,489,131		5,318,877
		5,489,131		5,318,877
Current assets
Cash at bank and in hand		121		115
		121		115
Creditors: amounts falling due within one year	4	( 31,118)		( 22,472)
Net current liabilities		(30,997)		(22,357)
Total assets less current liabilities		5,458,134		5,296,520
Creditors: amounts falling due after more than one year	5	( 2,449,831)		( 2,279,577)
Net assets		3,008,303		3,016,943
Capital and reserves
Called-up share capital		3,036,417		3,036,417
Profit and loss account		( 28,114 )		( 19,474 )
Total shareholders' funds		3,008,303		3,016,943

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Campanet Orchard Limited (registered number: 13917209) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

H S Elkington Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Campanet Orchard Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Campanet Orchard Limited is considered to be EUR because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2024
	€
Cost
At 01 January 2024	5,318,877
Additions	170,254
At 31 December 2024	5,489,131
Carrying value at 31 December 2024	5,489,131
Carrying value at 31 December 2023	5,318,877

4. Creditors: amounts falling due within one year

	2024		2023
	€		€
Amounts owed to own subsidiaries	3,540		3,540
Amounts owed to directors	19,853		11,162
Accruals	7,725		7,770
	31,118		22,472

5. Creditors: amounts falling due after more than one year

	2024		2023
	€		€
Other loans	2,449,831		2,279,577

In the prior year, a resolution was passed to convert the directors' loans into loan notes and equity to the total value of €1,983,714. These unsecured loan notes are subject to discretionary interest of 3% per annum and is split evenly between the two directors. An additional loan note was issued during the year totalling €170,254 (2023 - €295,863) which does not attract interest and is split evenly between the two directors.

6. Related party transactions

At the year end, the director was owed €19,853 (2023 - €11,162) by the company. This amount is unsecured, interest free and has no set date for repayment.