Camden Lofts Limited 28/02/2025 iXBRL

Company registration number: 05190996

Camden Lofts Limited

Unaudited filleted financial statements

28 February 2025

Camden Lofts Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Camden Lofts Limited

Directors and other information


	Directors	Mr P Cartwright
		Mr J T Pickard


	Company number	05190996


	Registered office	1 Canalside Studios
		8-14 St Pancras Way
		London
		NW1 0QG

Camden Lofts Limited

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	6,835,000		6,835,000
		_______		_______
			6,835,000		6,835,000

Current assets
Debtors	5	19,275		30,433
Cash at bank and in hand		109,661		88,702
		_______		_______
		128,936		119,135
Creditors: amounts falling due
within one year	6	( 3,079,427)		( 3,257,763)
		_______		_______
Net current liabilities			( 2,950,491)		( 3,138,628)
			_______		_______
Total assets less current liabilities			3,884,509		3,696,372


Provisions for liabilities			( 1,020,205)		( 775,356)

			_______		_______
Net assets			2,864,304		2,921,016
			_______		_______

Capital and reserves
Called up share capital			2		2
Fair value reserve			2,079,644		2,079,644
Profit and loss account			784,658		841,370
			_______		_______
Shareholders funds			2,864,304		2,921,016
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 October 2025 , and are signed on behalf of the board by:

Mr P Cartwright

Director

Company registration number: 05190996

Camden Lofts Limited

Statement of changes in equity

Year ended 28 February 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 March 2023	2	2,079,644	673,949	2,753,595

(Loss)/profit for the year			167,421	167,421
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	167,421	167,421

	_______	_______	_______	_______
At 28 February 2024 and 1 March 2024	2	2,079,644	841,370	2,921,016

(Loss)/profit for the year			( 56,712)	( 56,712)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 56,712)	( 56,712)

	_______	_______	_______	_______
At 28 February 2025	2	2,079,644	784,658	2,864,304
	_______	_______	_______	_______

Camden Lofts Limited

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Canalside Studios, 8-14 St Pancras Way, London, NW1 0QG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the total of rent received and receivable during the period, net of discounts and Value Added Tax

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	No depreciation

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Long leasehold property	Total
	£	£
Cost
At 1 March 2024 and 28 February 2025	6,835,000	6,835,000
	_______	_______
Depreciation
At 1 March 2024 and 28 February 2025	-	-
	_______	_______
Carrying amount
At 28 February 2025	6,835,000	6,835,000
	_______	_______
At 28 February 2024	6,835,000	6,835,000
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 March 2024 and 28 February 2025	6,835,000
		_______

5. Debtors

	2025	2024
	£	£
Trade debtors	2,300	7,665
Other debtors	16,975	22,768
	_______	_______
	19,275	30,433
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,982,799	3,153,565
Corporation tax	62,713	54,262
Other creditors	33,915	49,936
	_______	_______
	3,079,427	3,257,763
	_______	_______

Amounts owed to group undertakings are unsecured, interest bearing and repayable on demand.

7. Controlling party

The company is wholly owned by St Pancras Property Limited, a company registered in England and Wales. Its registered office is 1 Canalside Studios, 8-14 St Pancras Way, London, NW1 0QG.