H.W. Campion Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00529225 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

H.W. CAMPION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

H W Campion

Mrs K L Campion

SECRETARY:

Mrs K L Campion

REGISTERED OFFICE:

Beckbury Hall

Beckbury

Shifnal

Shropshire

TF11 9DJ

REGISTERED NUMBER:

00529225 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

2

8,235

9,150

Investments

3

102,149

102,149

Investment property

4

9,527,142

9,099,220

9,637,526

9,210,519

CURRENT ASSETS

Debtors

1,184,984

1,297,134

Cash at bank

75,854

114,102

1,260,838

1,411,236

CREDITORS

Amounts falling due within one year

694,219

649,678

NET CURRENT ASSETS

566,619

761,558

TOTAL ASSETS LESS CURRENT LIABILITIES

10,204,145

9,972,077

CREDITORS

Amounts falling due after more than one year

5

4,660,000

4,660,000

NET ASSETS

5,544,145

5,312,077

CAPITAL AND RESERVES

Called up share capital

6

1,000,000

1,000,000

Revaluation reserve

2,587,227

2,587,227

Profit and loss account

1,956,918

1,724,850

SHAREHOLDERS' FUNDS

5,544,145

5,312,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 July 2014 and were signed on its behalf by:

H W Campion - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Preparation of consolidated financial statements

The financial statements contain information about H.W. Campion Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents rents received and proceeds from sale of development properties

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 equipment

10% reducing balance

Motor vehicles

25% reducing balance

Investment property

Investment properties are accounted for in accordance with SSAP 19,"Accounting for Investment Properties",

which provides that these should not be subject to periodic depreciation charges (unless held on lease), but

should be shown at open market value. This is contrary to the Companies Act 2006 which states that, subject to

any provision for depreciation or diminution in value, fixed assets are normally to be stated at purchase price or

production cost. Current cost accounting or the revaluation of specific assets to market value, as determined at

the date of their last valuation, is also permitted.

The treatment of investment properties under the Companies Act 2006 does not give a true and fair view as these

assets are not held for consumption in the business but as investments, the disposal of which would not materially

affect any of the trading operations of the enterprise. In such a case it is the current value of these investments,

and changes in that current value, which are of prime importance. Consequently, for the proper appreciation of

the financial position, the accounting treatment required by SSAP 19 is considered appropriate for investment

properties.

Details of the current value and historical cost information for investment properties are given in note 7.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

14,473

DEPRECIATION

At 1 May 2013

5,323

Charge for year

915

At 30 April 2014

6,238

NET BOOK VALUE

At 30 April 2014

8,235

At 30 April 2013

9,150

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2013

and 30 April 2014

102,149

NET BOOK VALUE

At 30 April 2014

102,149

At 30 April 2013

102,149

The company's investments at the balance sheet date in the share capital of companies include the following:

Campion Properties Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

102,144

102,144

Camlock Properties Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(210,482

)

(141,089

)

(Loss)/profit for the year

(69,393

)

222,966

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2013

9,099,220

Additions

427,922

At 30 April 2014

9,527,142

NET BOOK VALUE

At 30 April 2014

9,527,142

At 30 April 2013

9,099,220

5.

CREDITORS

Creditors include an amount of £ 4,660,000 (2013 - £ 4,660,000 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

500,000

Ordinary

£1

500,000

500,000

500,000

8% Preference Shares

£1

500,000

500,000

1,000,000

1,000,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of H.W. Campion Limited for the year ended 30 April 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of H.W. Campion Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H.W.

Campion Limited and state those matters that we have agreed to state to the Board of Directors of H.W. Campion

Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that H.W. Campion Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H.W. Campion

Limited. You consider that H.W. Campion Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H.W. Campion Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

25 July 2014