Company Registration No. 10414009 (England and Wales)
Camberwell Green C204 Limited
Unaudited accounts
for the year ended 31 October 2023
Camberwell Green C204 Limited
Unaudited accounts
Contents
Camberwell Green C204 Limited
Company Information
for the year ended 31 October 2023
Director
Jagjit Singh Johal
Company Number
10414009 (England and Wales)
Registered Office
The Whinnies
Church Road, Hartley
Longfield
DA3 8DJ
England
Accountants
Workabee Accountants
Sharon Gillett BSc FCA
11 Chestnut Avenue
Buckhurst Hill
Essex
IG9 6EN
Camberwell Green C204 Limited
Statement of financial position
as at 31 October 2023
Investment property
500,000
495,000
Cash at bank and in hand
8,991
1,600
Creditors: amounts falling due within one year
(168,861)
(162,831)
Net current liabilities
(155,653)
(154,041)
Total assets less current liabilities
344,347
340,959
Creditors: amounts falling due after more than one year
(284,688)
(284,459)
Provisions for liabilities
Deferred tax
(13,734)
(9,837)
Called up share capital
1
1
Profit and loss account
45,924
46,662
Shareholders' funds
45,925
46,663
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2023 and were signed on its behalf by
Jagjit Singh Johal
Director
Company Registration No. 10414009
Camberwell Green C204 Limited
Notes to the Accounts
for the year ended 31 October 2023
Camberwell Green C204 Limited is a private company, limited by shares, registered in England and Wales, registration number 10414009. The registered office is The Whinnies, Church Road, Hartley, Longfield, DA3 8DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises of rental income and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost.
Fair value at 1 November 2022
495,000
Net gain from fair value adjustments
5,000
At 31 October 2023
500,000
Valuation of properties is based on director valuations.
Camberwell Green C204 Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
756
3,729
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,413
10,413
Other creditors
91,846
91,846
Loans from directors
65,112
59,112
Deferred income
1,280
1,280
In the accounts for the year ended 31 October 2022, £90,000 was incorrectly included within 'Loans from directors' instead of 'Other creditors'. The amounts as at 31 October 2022 have been restated.
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
284,688
284,459
Aggregate of amounts that fall due for payment after five years
243,036
242,807
The bank loans (mortgage) are secured against the value of the investment property.
8
Deferred taxation
2023
2022
Revaluation of investment property
16,088
11,979
Tax losses carried forward
(2,354)
(2,142)
Provision at start of year
9,837
13,588
Charged/(credited) to the profit and loss account
3,897
(3,751)
Provision at end of year
13,734
9,837
Camberwell Green C204 Limited
Notes to the Accounts
for the year ended 31 October 2023
9
Transactions with related parties
In the accounts for the year ended 31 October 2022, £90,000 was incorrectly included as being owed to directors rather than being owed to a related company, which shares the same director.
As at 31 October 2023, amounts owed to directors totalled £65,112 (2022 restated: £59,112).
As at 31 October 2023, amounts owed to related companies, which share the same director, totalled £90,000 (2022 restated: £90,000).
No interest is charged on money owed and the amounts are repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).