Camberwell Property Services Limited - Accounts to registrar (filleted) - small 18.2
Camberwell Property Services Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2020 |
for |
Camberwell Property Services Limited |
Camberwell Property Services Limited (Registered number: 08912184) |
Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Camberwell Property Services Limited |
Company Information |
for the Year Ended 31 March 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Rectory House |
Main Street |
Beckley |
East Sussex |
TN31 6RS |
Camberwell Property Services Limited (Registered number: 08912184) |
Balance Sheet |
31 March 2020 |
31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 signed on its behalf by: |
Camberwell Property Services Limited (Registered number: 08912184) |
Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
1. | STATUTORY INFORMATION |
Camberwell Property Services Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Investment property |
The investment property is included in the balance sheet at its fair value. |
Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected |
to apply when the property is sold. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2019 |
and 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
At 31 March 2019 |
The investment property was valued on an open market basis on 10 June 2019 by Aitchison Rafferty Group. |
Camberwell Property Services Limited (Registered number: 08912184) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade debtors |
6. | CURRENT ASSET INVESTMENTS |
31.3.20 | 31.3.19 |
£ | £ |
Fundsmith Equity Fund |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Directors' loans repayable only at the option of the company |
Repayable by instalments |
Bank loans more 5 yr by instal | 2,930,000 | 940,000 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans |
The bank loans have been secured by fixed and floating charges over the investment property and the assets of |
the company. |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2019 |
and 31 March 2020 |
The Fair Value reserve is not available for distribution as it is unrealised. |
Camberwell Property Services Limited (Registered number: 08912184) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
11. | RELATED PARTY DISCLOSURES |
During prior periods loans were made to the company by the Directors or by the wives of two directors. The |
balances at the start of the year are as shown below and the loans were repaid in full during the year. Interest |
was payable at the rate of 8% per annum. |
£ |
Mr D A Thompson 644,000 |
Mrs J A Norman 1,056,000 |
Mr M Hubbard 198,000 |
Mr P Winder 198,000 |
Mrs S E Bradney 352,000 |
During the year rent of £151,167 (2019 - £151,243) was charged to other entities related by virtue of common |
control. At the year end the company was owed £NIL (2019: £NIL) by related parties. |