Caminante Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10842107 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

FOR

CAMINANTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Walker

REGISTERED OFFICE:

16 Coliston Road

Wandsworth

London

SW18 4PJ

REGISTERED NUMBER:

10842107 (England and Wales)

ACCOUNTANTS:

Galloways Accounting

Atlas Chambers

33 West Street

Brighton

East Sussex

BN1 2RE

FIXED ASSETS

Investment property

4

900,000

868,825

CURRENT ASSETS

Cash at bank

2,443

13,108

CREDITORS

Amounts falling due within one year

5

467,478

264,185

NET CURRENT LIABILITIES

(465,035

)

(251,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

434,965

617,748

CREDITORS

Amounts falling due after more than one year

6

(385,401

)

(610,401

)

PROVISIONS FOR LIABILITIES

7

(10,852

)

-

NET ASSETS

38,712

7,347

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

46,264

-

Retained earnings

(7,553

)

7,346

SHAREHOLDERS' FUNDS

38,712

7,347

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

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

The director acknowledges his 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 director and authorised for issue on 30 March 2021 and were signed by:

J A Walker - Director

1.	STATUTORY INFORMATION

Caminante 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.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Going concern

The director does not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2019

868,825

Additions

89,547

Disposals

(115,488

)

Revaluations

57,116

At 30 June 2020

900,000

NET BOOK VALUE

At 30 June 2020

900,000

At 30 June 2019

868,825

Fair value at 30 June 2020 is represented by:

£

Valuation in 2020

138,638

Cost

861,362

1,000,000

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

868,825

Additions

89,547

Disposals

(115,488

)

Revaluations

57,116

900,000

CLIENT SCREEN TOTAL

=

1,000,000

If investment property had not been revalued it would have been included at the following historical cost:

2020

2019

£

£

Cost

861,362

-

Investment property was valued on an open market basis on 30 June 2020 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

-

1,723

Directors' current accounts

465,993

261,262

Accruals and deferred income

1,485

1,200

467,478

264,185

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans more 5 yr by instal

385,401

610,401

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

385,401

610,401

7.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

10,852

-

Deferred

tax

£

Provided during year

26,341

Balance at 30 June 2020

26,341

**

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

26,341

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

10,852

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)