Campden Hill Gate (Freehold) Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 March 2020
Company Registration No. 03869539 (England and Wales)
Campden Hill Gate (Freehold) Limited
Company Information
Directors
P M Afia
N De Keyzer
R Ehrman
R Freeman
A Urzova
Ms A P T Dantas
(Appointed 6 November 2019)
Secretary
HML Company Secretarial Services Limited
Company number
03869539
Registered office
94 Park Lane
Croydon
Surrey
CR0 1JB
Accountants
Moore Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
Campden Hill Gate (Freehold) Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Campden Hill Gate (Freehold) Limited
Balance Sheet
As at 31 March 2020
Page 1
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,770,335
3,770,335
Current assets
Debtors
4
108
-
Cash at bank and in hand
135,236
134,733
135,344
134,733
Creditors: amounts falling due within one year
5
(2,184)
(2,213)
Net current assets
133,160
132,520
Total assets less current liabilities
3,903,495
3,902,855
Capital and reserves
Called up share capital
6
51
51
Share premium account
3,439,021
3,439,021
Profit and loss reserves
464,423
463,783
Total equity
3,903,495
3,902,855
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 12 October 2020 and are signed on its behalf by:
N De Keyzer
Director
Company Registration No. 03869539
Campden Hill Gate (Freehold) Limited
Notes to the Financial Statements
For the year ended 31 March 2020
Page 2
1
Accounting policies
Company information
Campden Hill Gate (Freehold) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
94 Park Lane, Croydon, Surrey, CR0 1JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
Under FRS 102, the freehold property held to earn rentals should be measured using the fair value model and stated at its fair value as at the reporting end date. The surplus or deficit on revaluation should be recognised in the profit and loss account. However as the fair value cannot be achieved without undue cost or effort, investment property is accounted for at cost as a tangible fixed asset.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the
true
company has adequate resources to continue in operational existence for the foreseeable future. Thus
the directors continue to adopt the going concern basis of accounting in preparing the financial
statements. The directors have considered the impact of the COVID-19 outbreak and the measures
taken to contain it when forming their assessment of going concern. Although the ultimate impact of the
outbreak cannot be assessed with certainty, because of the nature of the business, the directors do not
consider that the outbreak will impact the ability of the company to continue in business and meet its
liabilities as they fall due for at least twelve months from the date of approval of the financial statements.
1.3
Turnover
The whole of the turnover is attributable to the collection of rents from long leaseholders.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Freehold property is stated at cost.
No depreciation is provided in respect of freehold
property
.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Campden Hill Gate (Freehold) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2020
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments
The company
only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measure at fair value.
1.7
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0
(2019 - 0).
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2019 and 31 March 2020
3,770,335
Depreciation and impairment
At 1 April 2019 and 31 March 2020
-
Carrying amount
At 31 March 2020
3,770,335
At 31 March 2019
3,770,335
Under FRS 102, the freehold property held to earn rentals should be measure
d
using the fair value model and stated at its fair value as at the reporting end date. The surplus or deficit on revaluation should be recognised in the profit and loss account. However as the fair value cannot be achieved without undue cost or effort, investment property is accounted for
at cost
as
a
tangible fixed asset.
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
108
-
Campden Hill Gate (Freehold) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2020
Page 4
5
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
246
240
Corporation tax
150
351
Other creditors
1,788
1,622
2,184
2,213
6
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
51 Ordinary of £1 each
51
51
51
51