Campbell Property Developments Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06307601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

CAMPBELL PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Campbell

REGISTERED OFFICE:

431a Cronton Road

Cronton

Widnes

Cheshire

WA8 5QG

REGISTERED NUMBER:

06307601 (England and Wales)

ACCOUNTANTS:

C A Hunter Limited

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Investment property

4

560,000

560,000

CURRENT ASSETS

Debtors

5

520

520

Cash at bank

8,048

2,238

8,568

2,758

CREDITORS

Amounts falling due within one year

6

86,174

90,368

NET CURRENT LIABILITIES

(77,606

)

(87,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

482,394

472,390

CREDITORS

Amounts falling due after more than one year

7

396,277

388,419

NET ASSETS

86,117

83,971

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

9

80,769

80,769

Retained earnings

9

5,248

3,102

SHAREHOLDERS' FUNDS

86,117

83,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 5 December 2022 and were signed by:

D M Campbell - Director

1.	STATUTORY INFORMATION

Campbell Property Developments 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income received, excluding value added tax.

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 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 1 (2021 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

560,000

NET BOOK VALUE

At 31 March 2022

560,000

At 31 March 2021

560,000

Fair value at 31 March 2022 is represented by:

£

Valuation in 2019

560,000

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

31.3.22

31.3.21

£

£

Cost

479,231

479,231

Investment property was valued on an open market basis on 31 March 2019 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

520

520

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

1,136

-

Trade creditors

770

625

Taxation and social security

503

769

Other creditors

83,765

88,974

86,174

90,368

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

396,277

388,419

31.3.22

31.3.21

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

635

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

397,413

388,419

Mortgages with Shawbrook Bank are secured on properties at Chapel Lane Cronton and Victoria Road Widnes.

9.

RESERVES

Investment property has been revalued by the director at its fair value as at the 31st March 2019 Balance Sheet date .The uplift in value of £80,769 has been credited to Other Reserves and is non distributable.