HCAMBA Limited iXBRL

HCAMBA Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

HCAMBA Limited

Company Registration Number: NI685193

Statement of Financial Position

as at 31 March 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets

200,887

200,887

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Current Assets

Debtors

195

7,995

Creditors: amounts falling due within one year

(40,000)

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Net Current Assets/(Liabilities)

195

(32,005)

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Total Assets less Current Liabilities

201,082

168,882

Creditors:

amounts falling due after more than one year

(198,962)

(166,762)

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Net Assets

2,120

2,120

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Capital and Reserves

Called up share capital

100

100

Retained earnings

2,020

2,020

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Equity attributable to owners of the company

2,120

2,120

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 23 December 2025 and signed on its behalf by



________________________________
Brian Hegarty
Director

HCAMBA Limited

Notes to the Financial Statements

for the financial year ended 31 March 2025

General Information

HCAMBA Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI685193. The registered office of the company is 12 Cromac Place, Belfast, Co. Antrim, BT7 2JB, Northern Ireland. The principal activity of the company is an investment holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company did not have any employees during the period.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

The Directors have considered a period of not less than 12 months from the date of approval of the financial statements, and have concluded that it is appropriate to adopt the going concern principal in preparing the financial statements. The Directors have received confirmation from the parent company that repayment of the intercompany creditor balance will only be requested when the company has sufficient liquidity to make the necessary payment.

Employees

The average monthly number of employees, including directors, during the financial year was 3.

2025

2024

Number

Number

Directors

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5.	Financial fixed assets
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost

	At 31 March 2025	477,075	477,075
		─────────	─────────
	Provision for
	diminution in value:

	At 31 March 2025	276,188	276,188
		─────────	─────────
	Net book value
	At 31 March 2025	200,887	200,887
		═════════	═════════
	At 31 March 2024	200,887	200,887
		═════════	═════════

5.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Magic Beans Accounts Limited

12 Cromac Place, Belfast, BT7 2JB, Northern Ireland

Accountancy services

Ordinary shares

90%

In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.


6.	Debtors	2025	2024
		£	£

	Amounts owed by group undertakings (Note 10)	-	7,800
	Other debtors	195	195
		─────────	─────────
		195	7,995
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Other creditors	-	40,000
		═════════	═════════


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Amounts owed to group undertakings	198,962	166,762
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2025.

10.

Related party transactions

Transactions with group companies are detailed below.

Transactions and balances with group companies:

2025

2024

Magic Beans Accounts Limited

The company owns 90% of the issued share capital of Magic Beans Accounts Limited. The company received dividends from Magic Beans Accounts Limited, of which £nil (2024: £7,800) remained outstanding at the reporting date.

Amount due from Magic Beans Accounts Limited

7,800

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HCA Chartered Accountants Ltd

The company received an unsecured loan from its parent company, HCA Chartered Accountants Ltd, during the period. The company also declared dividends to HCA Chartered Accountants Ltd. £198,962 was due to HCA Chartered Accountants Ltd at the reporting date (2024: £166,762). The balance is unsecured and interest free.

11.

Parent and ultimate parent company

HCA Chartered Accountants Ltd is the ultimate parent company and controlling entity.

The companys ultimate parent undertaking is HLH Holdings Ltd.

The address of HLH Holdings Ltd is 12 Cromac Place Co. Antrim Northern Ireland BT7 2JB.

12.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.