Pride In Camp Hill Limited

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

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Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04430919

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	97,243		210,988
Cash at bank and in hand		83,550		83,550

		180,793		294,538
Creditors: Amounts Falling Due Within One Year	5	(216,605 )		(185,092 )

NET CURRENT ASSETS (LIABILITIES)			(35,812 )		109,446

TOTAL ASSETS LESS CURRENT LIABILITIES			(35,812 )		109,446

Creditors: Amounts Falling Due After More Than One Year	6		-		(75,765 )

NET (LIABILITIES)/ASSETS			(35,812 )		33,681

Income and Expenditure Account			(35,812 )		33,681

MEMBERS' FUNDS			(35,812)		33,681

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 Income and Expenditure Account.

On behalf of the board

A Moore

Director

23 December 2025

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

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Pride In Camp Hill Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Pride In Camp Hill Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04430919 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.

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.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis. The company is reliant on the support of Nuneaton & Bedworth Borough Council (NBBC) and Warwickshire County Council (WCC), who have indicated their willingness to support the company. NBBC and WCC are committed to seeing the completion of the Pride In Camp Hill Regerneration Scheme and continue to support the project management arrangements for the programme.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company is entitled to receive a proportion of the profit from homes sold on a development. The final amount receivable is dependent upon both the future growth of house prices as well as building costs over the life of the development and therefore cannot be assessed with certainty until the development is completed. For this reason, the directors are of the opinion that it would not be prudent to recognise the income until it becomes receivable. During the year ended 31 March 2025 £nil (2024: £nil) of such income was received.

2.4. Taxation

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

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.

Current tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.5. Government Grant

Government grants are recognised in the profit and loss account in the same period as the related expenditure is incurred. Any unrecognised amounts are included within the balance sheet as deferred income.

Where a grant is received which does not directly relate to incurred expenditure, the grant is amortised to the profit and loss account over the expected life of the project to which it relates, currently four years.

Should any grant become repayable a provision is recognised in the profit and loss account immediately.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Pride In Camp Hill Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	71,016	210,988
Corporation tax recoverable assets	4,623	-
VAT	21,604	-

	97,243	210,988

Pride and Camp Hill Limited is in the process of reopening its bank current account. This will then allow for trade debtor funds to be received.

A provision for bad debts of £150,488 has been provided for in the year.

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	211,570	145,049
Other creditors	5,035	9,785
Taxation and social security	-	30,258

	216,605	185,092

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

	2025	2024
	£	£
Other creditors	-	75,765

7. Related Party Transactions

The organisations Nuneaton and Bedworth Borough Council and Warwickshire County Council are all members of the board which control the company.

Both NBBC and WCC provide some resources in assisting in the running of the company for which no charge has been made. Some phases of the project are also owned by NBBC but managed by the company.

The goods and services recharged to the company by these parties, and amounts outstanding at 31st March, 2024 were as follows: -

	Recharges		Creditor
	2024	2023	2024	2023
	£	£	£	£
Nuneaton and Bedworth Borough Council	10,868	56,421	145,049	130,526
Warwickshire County Council	-	-	-	-

These recharges were made on normal commercial terms.

Nuneaton and Bedworth Borough Council and Warwickshire County Council have granted a security, dated 5th September 2003, to the aggregate value of £100,000 in favour of the company to its banker which covers the liabilities of the company.

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

9. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Pride In Camp Hill Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Status

The company was incorporated under the Companies Act 1985 and is a company limited by guarantee and not having a share capital. The liability of the members is limited to an amount not exceeding £1 per member to be contributed to the company's assets if it should be wound up while they are members or within one year after they cease to be members. Such contributions are to be used for the company's debts and liabilities. The company is managed by members of a council. These council members constitute directors of the company for Companies Act purposes.

11 Land Holding

Pride In Camp Hill Limited is the freehold owner of certain land situated in the Camp Hill area. This land has been developed under licence and is the subject of a long lease to tenants. As such the land has no current economic value and is not recognised in the financial statements.

11. Audit Information

The auditor's report on the accounts of Pride In Camp Hill Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Paul Carvell BFP FCA (Senior Statutory Auditor) for and on behalf of SFB Group Limited , Statutory Auditor.

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Directors	O Akala
	A S Habib
	E Amaechi
	M A Everett
	S A Clark
	A Moore
	E E Azumatse

Company Number	04430919

Registered Office	Manor Court Chambers
	Townsend Drive
	Nuneaton
	Warwickshire
	CV11 6RU

Business	Nuneaton Town Hall
	Coton Road
	Nuneaton
	Warwickshire
	CV11 5AA

Accountants	SFB Group Limited
	Manor Court Chambers Townsend Drive
	Nuneaton
	Warwickshire
	CV11 6RU