Cammack Properties Limited - Accounts to registrar (filleted) - small 18.2

Cammack Properties Limited - Accounts to registrar (filleted) - small 18.2

CAMMACK PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 05983366 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2020

for

Cammack Properties Limited
Cammack Properties Limited (Registered number: 05983366)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cammack Properties Limited

Company Information
for the Year Ended 30 September 2020







DIRECTORS: J N Cammack
M Cammack





REGISTERED OFFICE: Tyburn Hill
White Colne
Colchester
Essex
CO6 2PS





REGISTERED NUMBER: 05983366 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY
Page 1
Cammack Properties Limited (Registered number: 05983366)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,590 51,039
Investment property 5 459,104 768,107
542,694 819,146

CURRENT ASSETS
Stocks 56,616 56,616
Debtors 6 23,842 27,022
Cash at bank and in hand 1,161,899 848,567
1,242,357 932,205
CREDITORS
Amounts falling due within one year 7 31,226 43,357
NET CURRENT ASSETS 1,211,131 888,848
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,753,825
1,707,994

PROVISIONS FOR LIABILITIES 7,045 5,046
NET ASSETS 1,746,780 1,702,948

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 850,501 850,501
Retained earnings 796,279 752,447
SHAREHOLDERS' FUNDS 1,746,780 1,702,948

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Cammack Properties Limited (Registered number: 05983366)

Balance Sheet - continued
30 September 2020


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 22 February 2021 and were signed on its behalf by:





J N Cammack - Director


The notes form part of these financial statements

Page 3
Cammack Properties Limited (Registered number: 05983366)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Cammack Properties 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 machinery etc - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

Page 4 continued...
Cammack Properties Limited (Registered number: 05983366)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019 180,740
Additions 62,808
Disposals (41,905 )
At 30 September 2020 201,643
DEPRECIATION
At 1 October 2019 129,701
Charge for year 23,116
Eliminated on disposal (34,764 )
At 30 September 2020 118,053
NET BOOK VALUE
At 30 September 2020 83,590
At 30 September 2019 51,039

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2019 768,107
Disposals (309,003 )
At 30 September 2020 459,104
NET BOOK VALUE
At 30 September 2020 459,104
At 30 September 2019 768,107

The directors consider that the value of the investment properties is a good representation of the open market value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 10,605 14,020
Other debtors 13,237 13,002
23,842 27,022

Page 5 continued...
Cammack Properties Limited (Registered number: 05983366)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade creditors 2,070 1,739
Taxation and social security 17,931 29,521
Other creditors 11,225 12,097
31,226 43,357

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director M Cammack £7,254 (2019: £7,254) in respect of his loan account. This loan is interest free and repayable on demand.

9. POST BALANCE SHEET EVENTS

No events have occurred since the date of balance sheet that need to be brought to the attention of shareholders or third parties.

10. CONTROL

The company is controlled by J Cammack by virtue of his majority shareholding.

Page 6