H.W. Campion Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00529225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

H.W. CAMPION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

H W Campion

Mrs K L Campion

SECRETARY:

Mrs K L Campion

REGISTERED OFFICE:

Beckbury Hall

Beckbury

Shifnal

Shropshire

TF11 9DJ

REGISTERED NUMBER:

00529225 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

11,819

13,131

Investments

5

3

3

Investment property

6

10,345,000

10,345,000

10,356,822

10,358,134

CURRENT ASSETS

Debtors

7

488,812

511,368

Cash at bank

144,645

328,151

633,457

839,519

CREDITORS

Amounts falling due within one year

8

166,803

229,314

NET CURRENT ASSETS

466,654

610,205

TOTAL ASSETS LESS CURRENT LIABILITIES

10,823,476

10,968,339

CREDITORS

Amounts falling due after more than one year

9

(4,218,800

)

(4,350,600

)

PROVISIONS FOR LIABILITIES

(235,292

)

(235,292

)

NET ASSETS

6,369,384

6,382,447

CAPITAL AND RESERVES

Called up share capital

1,100,000

1,100,000

Fair value reserve

11

2,380,406

2,380,406

Retained earnings

2,888,978

2,902,041

SHAREHOLDERS' FUNDS

6,369,384

6,382,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2020 and were signed on its behalf by:

H W Campion - Director

1.	STATUTORY INFORMATION

H.W. Campion Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received and proceeds from sale of development properties

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

33.3% on cost and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

At 1 May 2019

and 30 April 2020

27,398

DEPRECIATION

At 1 May 2019

14,267

Charge for year

1,312

At 30 April 2020

15,579

NET BOOK VALUE

At 30 April 2020

11,819

At 30 April 2019

13,131

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2019

and 30 April 2020

3

NET BOOK VALUE

At 30 April 2020

3

At 30 April 2019

3

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2019

and 30 April 2020

10,345,000

NET BOOK VALUE

At 30 April 2020

10,345,000

At 30 April 2019

10,345,000

Fair value at 30 April 2020 is represented by:

£

Valuation in 2011

2,773,525

Valuation in 2013

254,527

Valuation in 2015

10,027

Valuation in 2019

28,471

Cost

7,278,450

10,345,000

The Directors have considered the fair value at the reporting date and confirm no change.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

79,712

94,432

Amounts due from group company

409,100

416,936

488,812

511,368

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

60,172

73,763

Amounts owed to group undertakings

-

1

Taxation and social security

55,722

28,450

Other creditors

50,909

127,100

166,803

229,314

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

4,218,800

4,350,600

10.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

4,218,800

4,350,600

The bank loan is secured on the freehold property of the company.

11.

RESERVES

Fair

value

reserve

£

At 1 May 2019

and 30 April 2020

2,380,406