Company registration number 05453570 (England and Wales)
CAMDEN TOWN CENTRE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CAMDEN TOWN CENTRE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,561
3,486
Current assets
Debtors
6
370,978
402,037
Cash at bank and in hand
1,782,846
1,498,768
2,153,824
1,900,805
Creditors: amounts falling due within one year
7
(137,284)
(76,578)
Net current assets
2,016,540
1,824,227
Net assets
2,019,101
1,827,713
Reserves
Income and expenditure account
2,019,101
1,827,713
Members' funds
2,019,101
1,827,713

The directors of the company have elected not to include a copy of the income and expenditure 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 by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
S Pitkeathley
Director
Company Registration No. 05453570
CAMDEN TOWN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Camden Town Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Camden Town Unlimited, Collective Auction Rooms, 5-7 Buck Street, London, United Kingdom, NW1 8NJ.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving these financial statements, the directors have considered the financial operations for a period of 12 months following the date of approval of these financial statements. BID levy income has stabilised and income predictions remain conservative, and costs and cash flow are being closely monitored. Cash balances remain healthy at the date of signing these financial statements the BID election is underway, with a postal ballot set for February 2026. The BID is getting positive feedback on its vision for the next BID term and to date the engagement is going well.true

After considering the above matters, the directors believe that the company will have adequate resources to meet its liabilities as they fall due for the next 12 months. The directors therefore consider it appropriate to continue to apply a going concern basis for the financial statements.

1.3
Turnover

Income is the amount receivable for the provision of services falling within the company's ordinary activities excluding value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are depreciated using the following rates and bases to reduce the cost to residual value by equal amounts over their useful lives, unless the Directors consider that the realisable value is less, when they will reduce the cost to estimated realisable value:

Plant and equipment
33.3% on cost

Individual fixed assets costing £100 or more are capitalised.

1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

CAMDEN TOWN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

1.6
Employee benefits

The company recognises an accrual for accumulated annual leave accrued by employees as a result of services rendered in the current period for which employees can carry forward and use within the next year. The accrual is measured at the salary cost of the respective employee in relation to the period of absence.

Government grants relating to income are recognised as income over the periods when the related costs are incurred. The grants received in the year relate to The Coronavirus Job Retention Scheme and BIDs Supporting funding for the purpose of enabling projects specified in BID arrangements to be carried out.

1.7

Trade and other receivables

Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of future receipts discounted at the prevailing market interest.

1.8

Trade and other payables

Trade and other payables are measured at transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
7,000
6,750
For other services
All other non-audit services
2,300
1,050
CAMDEN TOWN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Employees

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

2025
2024
Number
Number
Total
7
7
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
39,732
Additions
1,933
Disposals
(13,767)
At 31 March 2025
27,898
Depreciation and impairment
At 1 April 2024
36,246
Depreciation charged in the year
2,858
Eliminated in respect of disposals
(13,767)
At 31 March 2025
25,337
Carrying amount
At 31 March 2025
2,561
At 31 March 2024
3,486
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
-
0
13,244
Amounts owed by group undertakings
326,829
310,982
Other debtors
44,149
77,811
370,978
402,037
CAMDEN TOWN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
20,014
9,069
Taxation and social security
98,045
44,335
Other creditors
19,225
23,174
137,284
76,578

.

8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

9
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.

Senior Statutory Auditor:
John Howard
Statutory Auditor:
Azets Audit Services
10
Related party transactions

Included in debtors is a balance of £103,812 (2024: £114,639), representing management charges of £86,510 (2024: £95,533) plus VAT due from CTU Community Project, a charitable company whose sole member is Camden Town Centre Limited, which was settled post year end.

Included in debtors is a balance of £173,572 (2024: £179,928), representing management charges of £144,643 (2024: £149,940) plus VAT due from Euston Town Limited. This balance was cleared post year end.

Included in debtors is a balance of £49,445 (2024: £16,415), representing management charges of £41,204 (2024: £39,783) plus VAT due from Camden Highline. This balance was cleared post year end.

11
Parent company

There is no ultimate controlling party.

2025-03-31 2024-04-01 false false false 06 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity C Abi-Berges W Fulford M Nicholas S Pitkeathley C Scott R Terry O O'Neill S Ahmed C Carpenter P Clarke J Whitwam J Winfield R Ferrie R Kitching N Quick S Darbandi 05453570 2024-04-01 2025-03-31 05453570 2025-03-31 05453570 2024-03-31 05453570 core:OtherPropertyPlantEquipment 2025-03-31 05453570 core:OtherPropertyPlantEquipment 2024-03-31 05453570 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05453570 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05453570 core:CurrentFinancialInstruments 2025-03-31 05453570 core:CurrentFinancialInstruments 2024-03-31 05453570 core:RetainedEarningsAccumulatedLosses 2025-03-31 05453570 core:RetainedEarningsAccumulatedLosses 2024-03-31 05453570 bus:Director4 2024-04-01 2025-03-31 05453570 core:PlantMachinery 2024-04-01 2025-03-31 05453570 2023-04-01 2024-03-31 05453570 core:OtherPropertyPlantEquipment 2024-03-31 05453570 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 05453570 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 05453570 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05453570 bus:FRS102 2024-04-01 2025-03-31 05453570 bus:Audited 2024-04-01 2025-03-31 05453570 bus:Director1 2024-04-01 2025-03-31 05453570 bus:Director2 2024-04-01 2025-03-31 05453570 bus:Director3 2024-04-01 2025-03-31 05453570 bus:Director5 2024-04-01 2025-03-31 05453570 bus:Director6 2024-04-01 2025-03-31 05453570 bus:Director7 2024-04-01 2025-03-31 05453570 bus:Director8 2024-04-01 2025-03-31 05453570 bus:Director9 2024-04-01 2025-03-31 05453570 bus:Director10 2024-04-01 2025-03-31 05453570 bus:Director11 2024-04-01 2025-03-31 05453570 bus:Director12 2024-04-01 2025-03-31 05453570 bus:Director13 2024-04-01 2025-03-31 05453570 bus:Director14 2024-04-01 2025-03-31 05453570 bus:Director15 2024-04-01 2025-03-31 05453570 bus:Director16 2024-04-01 2025-03-31 05453570 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP