Camgrasp Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00847324

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		686,223		686,223

			686,223		686,223
CURRENT ASSETS
Debtors	5	944,936		906,779

		944,936		906,779
Creditors: Amounts Falling Due Within One Year	6	(433,054 )		(413,237 )

NET CURRENT ASSETS (LIABILITIES)			511,882		493,542

TOTAL ASSETS LESS CURRENT LIABILITIES			1,198,105		1,179,765

Creditors: Amounts Falling Due After More Than One Year	7		(250,000 )		(250,000 )

NET ASSETS			948,105		929,765

CAPITAL AND RESERVES
Called up share capital	8		7,000		7,000
Profit and Loss Account			941,105		922,765

SHAREHOLDERS' FUNDS			948,105		929,765

Page 1

Page 2

Camgrasp Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Gold

Director

30th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Camgrasp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00847324 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements present information about the company as an indiviual undertaking and not about its group. The company itself is a subsidiary and is exempt from preparing group accounts.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

Page 3

Page 4

Camgrasp Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2023	686,223

As at 30 September 2024	686,223

Provision
As at 1 October 2023	-

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	686,223

As at 1 October 2023	686,223

Details of the company's subsidiaries at 30 September 2024 are as follows:

Name of undertaking	Registered Office	Nature of business	Class of shares held	% held
Myloworld Limited	82 Wandsworth Bridge Road, London SW6 2TF	Property Investment	Ordinary	85%

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	944,936	906,779

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,053	-
Other creditors	421,688	408,713
Taxation and social security	6,313	4,524

	433,054	413,237

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	250,000	250,000

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	7,000	7,000

Page 4

Page 5

Camgrasp Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

9. Related Party Transactions

The following amounts were outstanding at the reporting end date:

	2024	2023
Amounts due to related parties	£	£

Other related parties	299,188	297,349

	299,188	297,349

The following amounts were outstanding at the reporting end date:

	2024	2023
Amounts due from related parties	£	£
Entities with control, joint control or significant influence over the company	2,064	2,064
Entities over which the entity has control, joint control or significant influence	900,010	904,715

Page 5