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REGISTERED NUMBER: 03455779 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

THE CAMBRIDGE PROPERTY COMPANY LIMITED

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CAMBRIDGE PROPERTY COMPANY LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S J Hadley





SECRETARY: N Marritt





REGISTERED OFFICE: Archer Road
Millhouses
Sheffield
South Yorkshire
S8 0JX





REGISTERED NUMBER: 03455779 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271 301
Investment property 5 555,000 840,500
555,271 840,801

CURRENT ASSETS
Debtors 6 503,736 480,652
Cash at bank 2,535 4,772
506,271 485,424
CREDITORS
Amounts falling due within one year 7 440,586 398,290
NET CURRENT ASSETS 65,685 87,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,956

927,935

CREDITORS
Amounts falling due after more than one
year

8

385,783

673,262
NET ASSETS 235,173 254,673

CAPITAL AND RESERVES
Called up share capital 9 2 2
Non-distributable reserves 10 122,261 141,009
Retained earnings 10 112,910 113,662
SHAREHOLDERS' FUNDS 235,173 254,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Balance Sheet - continued
31 March 2023


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 11 August 2023 and were signed by:





S J Hadley - Director


THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Cambridge Property Company 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.

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

Turnover
Turnover comprises rental income from the letting out of investment properties, excluding value added tax. Rental income is recognised in accordance with the underlying leases to each investment property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment properties, for which fair value can be measured reliably without undue cost or effort, are measured at fair value at each reporting date, with changes in fair value recognised in the statement of comprehensive income.

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.


THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 1,631
DEPRECIATION
At 1 April 2022 1,330
Charge for year 30
At 31 March 2023 1,360
NET BOOK VALUE
At 31 March 2023 271
At 31 March 2022 301

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 840,500
Disposals (285,500 )
At 31 March 2023 555,000
NET BOOK VALUE
At 31 March 2023 555,000
At 31 March 2022 840,500

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 122,261
Cost 432,739
555,000

The company's investment property portfolio was valued on an open market basis by the director. The director believes the valuation of each investment property fairly reflects the market value of each investment property at the year end.

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,749 -
Amounts owed by group undertakings 471,187 475,609
Other debtors - 800
Directors' current accounts 30,000 -
Prepayments 800 4,243
503,736 480,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,300 3,718
Corporation tax 4,300 997
Other creditors 432,986 393,575
440,586 398,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 385,783 673,262

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2022 113,662 141,009 254,671
Profit for the year 12,800 12,800
Dividends (32,300 ) (32,300 )
Reclassification 18,748 (18,748 ) -
At 31 March 2023 112,910 122,261 235,171

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's current account of S J Hadley became overdrawn from 28 December 2022 with a loan of £10,000. Further loans of £10,000 were provided on 1 February 2023 and on 27 February 2023. At 31 March 2023, there were total loans owing to the company of £30,000, which represented the maximum amount owing during the year. The total loans were subsequently repaid, together with interest, via dividend on 10 April 2023.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The company's parent company is CPC Holdings Limited, whose registered office is the same as can be found on page 1 of the financial statements.

The ultimate controlling party is S J Hadley.