Cammarch Activities Limited - Period Ending 2018-03-31

Registration number: 06544222

Cammarch Activities Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Cammarch Activities Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Cammarch Activities Limited

Company Information

Directors

Mr A D Dodson Mrs K Dangerfield

Company secretary

Mrs K Dangerfield

Registered office

The Cammarch Hotel Llangammarch Wells Powys LD4 4BY

Accountants

Mitchell Meredith Chartered Accountants The Exchange Fiveways Temple Street Llandrindod Wells Powys LD1 5HG

Page 1

Cammarch Activities Limited

(Registration number: 06544222)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	45,759	45,759
Current assets
Stocks	5	1,017	1,028
Debtors	6	77	-
Cash at bank and in hand		54	124
		1,148	1,152
Creditors: Amounts falling due within one year	7	(40,588)	(39,554)
Net current liabilities		(39,440)	(38,402)
Total assets less current liabilities		6,319	7,357
Creditors: Amounts falling due after more than one year	7	(7,344)	(8,073)
Net liabilities		(1,025)	(716)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(1,125)	(816)
Total equity		(1,025)	(716)

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Cammarch Activities Limited

(Registration number: 06544222)
Balance Sheet as at 31 March 2018

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 September 2018 and signed on its behalf by:
 

.........................................

Mrs K Dangerfield
Company secretary and director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Cammarch Activities Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Cammarch Hotel
Llangammarch Wells
Powys
LD4 4BY
Wales

These financial statements were authorised for issue by the Board on 7 September 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net current liabilities of £39,440 (2017 - £38,402) and total net liabilities of £1,025 (2017 - £716). However creditors includes a loan from the directors of £39,149 (2017 - £38,096). In addition the directors are aware of the turnover and margins that the company needs to achieve in order to keep the company in profit and they believe these targets can be met. The directors review realistic objectives at regular intervals, based on this periodic review, the company's plans and the continued support of the directors, the consider it appropriate to prepare the financial statements on the going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Page 4

Cammarch Activities Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 2).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2017	45,759	45,759
At 31 March 2018	45,759	45,759
Depreciation
Carrying amount
At 31 March 2018	45,759	45,759
At 31 March 2017	45,759	45,759

Included within the net book value of land and buildings above is £45,759 (2017 - £45,759) in respect of freehold land and buildings.

5

Stocks

	2018 £	2017 £
Stock	1,017	1,028

Page 5

Cammarch Activities Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

6

Debtors

	2018 £	2017 £
Corporation tax	77	-
	77	-

7

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Bank loans and overdrafts	8	677	625
Directors loan account		39,149	38,096
Other creditors		762	833
		40,588	39,554
Due after one year
Loans and borrowings	8	7,344	8,073

Creditors: amounts falling due after more than one year

	Note	2018 £	2017 £
Due after one year
Loans and borrowings	8	7,344	8,073

8	Loans and borrowings

	2018 £	2017 £
Non-current loans and borrowings
Bank borrowings	7,344	8,073

	2018 £	2017 £
Current loans and borrowings
Bank borrowings	677	625

Page 6