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REGISTERED NUMBER: 12168712 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

FOR

CAMBRIDGE CORPORATION LIMITED

CAMBRIDGE CORPORATION LIMITED (REGISTERED NUMBER: 12168712)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAMBRIDGE CORPORATION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023







DIRECTOR: Mr L J Betts





REGISTERED OFFICE: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 12168712 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

CAMBRIDGE CORPORATION LIMITED (REGISTERED NUMBER: 12168712)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 353 1,236
Investment property 5 585,000 945,000
585,353 946,236

CURRENT ASSETS
Debtors 6 187,407 127,191
Cash at bank 10,996 4,404
198,403 131,595
CREDITORS
Amounts falling due within one year 7 28,422 10,937
NET CURRENT ASSETS 169,981 120,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,334

1,066,894

CREDITORS
Amounts falling due after more than one
year

8

(488,926

)

(765,009

)

PROVISIONS FOR LIABILITIES (46,611 ) (77,520 )
NET ASSETS 219,797 224,365

CAPITAL AND RESERVES
Called up share capital 10 4 4
Non distributable reserve 139,833 232,558
Retained earnings 79,960 (8,197 )
SHAREHOLDERS' FUNDS 219,797 224,365

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 6 November 2023 and were signed by:



Mr L J Betts - Director


CAMBRIDGE CORPORATION LIMITED (REGISTERED NUMBER: 12168712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Cambridge Corporation 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.
Plant and machinery etc - 20% on cost

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable
expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Statement of Comprehensive Income in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

Taxation
Taxation for the period 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 period 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

The average number of employees during the period was NIL (2022 - NIL).

CAMBRIDGE CORPORATION LIMITED (REGISTERED NUMBER: 12168712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 3,083
Disposals (1,834 )
At 31 March 2023 1,249
DEPRECIATION
At 1 September 2022 1,847
Charge for period 182
Eliminated on disposal (1,133 )
At 31 March 2023 896
NET BOOK VALUE
At 31 March 2023 353
At 31 August 2022 1,236

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 945,000
Disposals (360,000 )
At 31 March 2023 585,000
NET BOOK VALUE
At 31 March 2023 585,000
At 31 August 2022 945,000

The directors value the company's investment property portfolio annually at the balance sheet date. The directors use their own knowledge and experience to assess the open market value of each property.

The historical cost of the company's investment properties was £398,556 (2022 - 634,922).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 187,407 127,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,583 2,014
Taxation and social security 18,989 -
Other creditors 2,850 3,923
28,422 10,937

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 488,926 765,009

CAMBRIDGE CORPORATION LIMITED (REGISTERED NUMBER: 12168712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 446,319 720,378

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 446,319 720,378

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 4
400 Ordinary 1p 4 -
4 4

During the period, the 4 Ordinary £1 shares were subdivided into 400 Ordinary 1p shares.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 31 August 2022:

2023 2022
£    £   
Mr L J Betts
Balance outstanding at start of period 2,593 98,735
Amounts advanced 1,500 1,109
Amounts repaid (2,593 ) (97,251 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,500 2,593

Interest of £nil (2022 - £1,109) has been charged on the overdrawn outstanding balance at official HMRC rates.