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REGISTERED NUMBER: 01835017 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2023

for

CABLEBUILD LIMITED

CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CABLEBUILD LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: P L N Martinez
L N Martinez
J P Martinez





SECRETARY: L N Martinez





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 01835017 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Balance Sheet
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 8 9
Investment property 6 575,000 575,000
575,008 575,009

CURRENT ASSETS
Debtors 7 6,763 17,043
Cash at bank 251 114
7,014 17,157
CREDITORS
Amounts falling due within one year 8 (131,657 ) (193,618 )
NET CURRENT LIABILITIES (124,643 ) (176,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,365

398,548

PROVISIONS FOR LIABILITIES (37,762 ) (28,699 )
NET ASSETS 412,603 369,849

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 9,980 9,980
Investment property revaluation reserve 205,057 214,121
Retained earnings 197,466 145,648
SHAREHOLDERS' FUNDS 412,603 369,849

CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Balance Sheet - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 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 Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





L N Martinez - Director


CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Cablebuild 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 (£).

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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the total rental income received from the rental property.

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 - 25% on reducing balance
Fixtures, fittings and equipment - 25% 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 profit or loss.

The investment property fair value is £575,000 and was determined by the directors by reference to reports procured from an independent, qualified valuer who uses current market prices for comparable property, adjusted for any differences in nature,

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short Plant and and
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 1 2,098 1,967 4,066
Additions - 1 - 1
At 31 July 2023 1 2,099 1,967 4,067
DEPRECIATION
At 1 August 2022 - 2,098 1,959 4,057
Charge for year - - 2 2
At 31 July 2023 - 2,098 1,961 4,059
NET BOOK VALUE
At 31 July 2023 1 1 6 8
At 31 July 2022 1 - 8 9

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 575,000
NET BOOK VALUE
At 31 July 2023 575,000
At 31 July 2022 575,000

CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


6. INVESTMENT PROPERTY - continued

Investment property includes 'Crannaford Partnership' the company's interest held under a joint arrangement.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2013 111,472
Valuation in 2014 20,605
Valuation in 2015 1,230
Valuation in 2016 10,255
Valuation in 2017 21,655
Valuation in 2018 27,175
Valuation in 2019 15,600
Valuation in 2020 (3,070 )
Valuation in 2021 9,730
Valuation in 2022 (49,585 )
Cost 409,933
575,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 409,933 409,933

The investment property was valued on an open market basis basis on 31 July 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,763 -
Other debtors - 17,043
6,763 17,043

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 200 -
Tax 16,334 14,633
Directors' current accounts 112,210 177,569
Accruals and deferred income 2,913 1,416
131,657 193,618

CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


9. SECURED DEBTS

There are fixed and floating charges over all the property and undertakings of the company with the following:
- The Governor and Company of the Bank of Scotland dated 1 November 1991.
- Lloyds Tsb Bank PLC dated 8 November 1994.
- Lloyds Tsb Bank PLC dated 10 March 2005.
- Lloyds Tsb Bank PLC dated 25 January 2006.
- Lloyds Tsb Bank PLC dated 10 November 2006.
- Lloyds Tsb Bank PLC dated 1 April 2010.