Camelot Chase Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Camelot Chase Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,419,200	1,439,500
Current assets
Debtors	6	3,331	1,780
Cash at bank and in hand		6,516	5,587
		9,847	7,367
Creditors: Amounts falling due within one year	7	(1,177,772)	(1,180,059)
Net current liabilities		(1,167,925)	(1,172,692)
Total assets less current liabilities		251,275	266,808
Creditors: Amounts falling due after more than one year	7	(258,126)	(308,380)
Provisions for liabilities		(29,734)	(29,270)
Net liabilities		(36,585)	(70,842)
Capital and reserves
Called up share capital	9	100	100
Profit and loss account		(36,685)	(70,942)
Shareholders' deficit		(36,585)	(70,842)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 November 2025 and signed on its behalf by:
 

......................................... Mr T Sharp Director

......................................... Mr J V Redman Director

Company Registration Number: 08896457

Camelot Chase Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
King Arthurs Park
Sparkford
Yeovil
Somerset
BA22 7FE

These financial statements were authorised for issue by the Board on 19 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Notwithstanding net current liabilities of £1,167,925 (2024: £1,172,692), the directors have continued to adopt the going concern basis of preparation on the basis of continued support from the group, and the expectation of profitable trading and positive cash flows.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Camelot Chase Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	50 years straight line

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

 

Camelot Chase Limited

Notes to the Financial Statements

Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Exceptional impairment charge

A valuation on the property was prepared by a third party independent valuer in the year ended 31 March 2024. The market valuation of the property was less than the net book value it was held at. As a result an impairment charge of £nil (2024 - £175,547) has been recognised.

5	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	1,774,248	1,774,248
Additions	13,717	13,717
Disposals	(6,890)	(6,890)
At 31 March 2025	1,781,075	1,781,075
Depreciation
At 1 April 2024	334,748	334,748
Charge for the year	27,402	27,402
Eliminated on disposal	(275)	(275)
At 31 March 2025	361,875	361,875
Carrying amount
At 31 March 2025	1,419,200	1,419,200
At 31 March 2024	1,439,500	1,439,500

Included within the net book value of land and buildings above is £1,419,200 (2024 - £1,439,500) in respect of freehold land and buildings.
 

6

Debtors

	2025  £	2024  £
Amounts due from group undertakings	100	100
Other debtors	3,231	130
Prepayments	-	1,550
	3,331	1,780

Camelot Chase Limited

Notes to the Financial Statements

Year Ended 31 March 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	47,446	42,729
Trade creditors		-	5,000
Amounts owed to group undertakings		1,018,783	1,031,249
Corporation tax		15,628	13,106
Accruals and deferred income		95,915	87,975
		1,177,772	1,180,059