Registration number: 04198487

Camtec Installations Limited

trading as The Balnoon Inn

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Camtec Installations Limited

trading as The Balnoon Inn

Company Information

Director

Mr J R Cambray

Registered office

The Lodge Balnoon Lelant St Ives Cornwall TR26 3JB

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Camtec Installations Limited

trading as The Balnoon Inn

(Registration number: 04198487)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	63,000	-
Tangible assets	5	61,238	-
		124,238	-
Current assets
Stocks	6	1,615	-
Debtors	7	9,706	-
Cash at bank and in hand		8,823	2
		20,144	2
Creditors: Amounts falling due within one year	8	(1,714)	-
Net current assets		18,430	2
Total assets less current liabilities		142,668	2
Creditors: Amounts falling due after more than one year	8	(214,491)	-
Net (liabilities)/assets		(71,823)	2
Capital and reserves
Called up share capital	9	2	2
Retained earnings		(71,825)	-
Shareholders' (deficit)/funds		(71,823)	2

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2026
 

......................................... Mr J R Cambray Director

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the 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:
The Lodge
Balnoon
Lelant
St Ives
Cornwall
TR26 3JB

These financial statements were authorised for issue by the director on 21 May 2026.

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The presentational currency in these financial statements is GB pounds sterling £.

Going concern

For this financial year the company made a loss and had net current liabilities and net liabilities. The company is financed by the director’s loan account, which is interest free, has no repayment terms and is repayable on demand, the conditions indicate the existence of a material uncertainty about the company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis on the understanding that the director will continue to financially support the company to meet liabilities as they fall due, assist with operating costs where necessary for the foreseeable future and not call in their loan to the company for at least the next twelve months.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period compromises current 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 income 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.

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
Plant and machinery	25% Reducing Balance
Leaseholds	2% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	70,000	70,000
At 31 March 2025	70,000	70,000
Amortisation
Amortisation charge	7,000	7,000
At 31 March 2025	7,000	7,000
Carrying amount
At 31 March 2025	63,000	63,000

5	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
Additions	946	80,415	81,361
At 31 March 2025	946	80,415	81,361
Depreciation
Charge for the year	19	20,104	20,123
At 31 March 2025	19	20,104	20,123
Carrying amount
At 31 March 2025	927	60,311	61,238

Included within the net book value of land and buildings above is £927 (2024 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	1,615	-

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Prepayments	2,617	-
Other debtors	7,089	-
	9,706	-

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,714	-

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	214,491	-

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Camtec Installations Limited

trading as The Balnoon Inn

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	214,491	-

11	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Funds introduced by director £	At 31 March 2025 £
Mr J R Cambray
Interest free loan, from the director repayable on demand.	-	(9,063)	223,554	214,491