Cammac Coal Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 00982747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

CAMMAC COAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Camm

SECRETARY:

C J Camm

REGISTERED OFFICE:

First Floor

Unit 4

Broadfield Court

Sheffield

South Yorkshire

S8 0XF

REGISTERED NUMBER:

00982747 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

9,572

12,029

Investment property

5

162,695

162,695

172,267

174,724

CURRENT ASSETS

Stocks

102,779

165,196

Debtors

6

25,252

30,658

Cash at bank

10,253

15,333

138,284

211,187

CREDITORS

Amounts falling due within one year

7

12,178

12,760

NET CURRENT ASSETS

126,106

198,427

TOTAL ASSETS LESS CURRENT LIABILITIES

298,373

373,151

CREDITORS

Amounts falling due after more than one year

8

463,194

458,464

NET LIABILITIES

(164,821

)

(85,313

)

CAPITAL AND RESERVES

Called up share capital

45

45

Share premium

110,997

110,997

Capital redemption reserve

58

58

Retained earnings

(275,921

)

(196,413

)

(164,821

)

(85,313

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2022 and were signed by:

J N Camm - Director

1.	STATUTORY INFORMATION

Cammac Coal 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.

Significant judgements and estimates

The director has made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. The valuation of the property at the reporting date is stated in the notes to the accounts.

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.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at fair value at each reporting date with changes in fair value 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 Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the company will continue to receive the support of the director as required.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2021

and 31 March 2022

59,087

75,663

134,750

Depreciation

At 1 April 2021

59,087

63,634

122,721

Charge for year

-

2,457

2,457

At 31 March 2022

59,087

66,091

125,178

Net book value

At 31 March 2022

-

9,572

9,572

At 31 March 2021

-

12,029

12,029

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2021

and 31 March 2022

162,695

Net book value

At 31 March 2022

162,695

At 31 March 2021

162,695

The investment property was valued on an open market basis on 31 March 2022 by the director, who is not a professionally qualified valuer and internal to the company. This class of assets has a current value of £162,695 (2021 - £162,695) and a carrying amount at historical cost of £162,695 (2021 - £162,695). The depreciation on this historical cost is £nil (2021 - £nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

19,301

16,178

Other debtors

5,951

14,480

25,252

30,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

3,488

1,831

Taxation and social security

558

706

Other creditors

8,132

10,223

12,178

12,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

463,194

458,464

9.	RELATED PARTY DISCLOSURES

J N Camm (Director)

During the year, the director provided an interest free loan to the company. At the balance sheet date the amount due to J N Camm was £462,194 (2021 - £475,464) The loan is not repayable on demand and is therefore disclosed as a long term liability.