Camgoz LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC418460 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAMGOZ LLP

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

970,000

1,000,000

CURRENT ASSETS

Debtors

5

-

243

Cash at bank

3,961

1,278

3,961

1,521

CREDITORS

Amounts falling due within one year

6

7,410

33,891

NET CURRENT LIABILITIES

(3,449

)

(32,370

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

966,551

967,630

CREDITORS

Amounts falling due after more than one year

7

511,570

488,908

NET ASSETS ATTRIBUTABLE TO MEMBERS

454,981

478,722

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

340,213

363,954

MEMBERS' OTHER INTERESTS

Other reserves

34,768

4,768

Fair value reserve

10

80,000

110,000

454,981

478,722

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

340,213

363,954

Members' other interests

114,768

454,981

478,722

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 November 2025 and were signed by:

Mr K A Camgoz - Designated member

1.	STATUTORY INFORMATION

Camgoz LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC418460

Registered office:

13 Wordsworth Parade

London

N8 0SJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.The financial statements have been prepared under the historical cost convention unless otherwise stated in the accounting policies.

Significant judgements and estimates

In the application of the LLP's accounting policies, the director is 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 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents value of rents receivable in respect of the LLP's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,000,000

Revaluations

(30,000

)

At 31 March 2025

970,000

NET BOOK VALUE

At 31 March 2025

970,000

At 31 March 2024

1,000,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

110,000

Valuation in 2025

(30,000

)

Cost

890,000

970,000

Investment property has been recorded at the following historical cost:

2025

2024

£

Cost

890,000

The members consider the market value of the investment property at the year end to be as stated in the accounts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

-

243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,716

10,115

Trade creditors

694

1,850

Other creditors

4,000

21,926

7,410

33,891

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

511,570

488,908

2025

2024

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

250,000

Repayable by instalments

Bank loans more 5 yr by instal

510,931

235,476

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

510,931

493,225

The bank loan is secured against the rent receivable under the investment property of the company and contains negative pledge.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Loans from members

316,211

309,265

Amounts owed to members in respect of profits

24,002

54,689

340,213

363,954

Falling due within one year

340,213

363,954

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

110,000

Movement during the year

(30,000

)

At 31 March 2025

80,000