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REGISTERED NUMBER: NI032378 (Northern Ireland)















Financial Statements

for the Year Ended 31 December 2023

for

Cambrian Developments Limited

Cambrian Developments Limited (Registered number: NI032378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cambrian Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs Carla Maria Logue



SECRETARY: Mrs Carla Maria Logue



REGISTERED OFFICE: Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB



BUSINESS ADDRESS: 3a Mullaghcarton Road
Lisburn
Co. Antrim
BT28 2TB



REGISTERED NUMBER: NI032378 (Northern Ireland)



ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB



BANKERS: AIB (NI)
35 University Road
Belfast
Co. Antrim
BT7 1ND

Cambrian Developments Limited (Registered number: NI032378)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 266 395

CURRENT ASSETS
Debtors 5 2,028 17,600
Cash at bank 102,647 343,703
104,675 361,303
CREDITORS
Amounts falling due within one year 6 (8,120 ) (208,129 )
NET CURRENT ASSETS 96,555 153,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,821

153,569

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 95,821 152,569
SHAREHOLDERS' FUNDS 96,821 153,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cambrian Developments Limited (Registered number: NI032378)

Balance Sheet - continued
31 December 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 27 March 2024 and were signed by:





Mrs Carla Maria Logue - Director


Cambrian Developments Limited (Registered number: NI032378)

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

1. STATUTORY INFORMATION

Cambrian Developments Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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 - 33% on reducing balance and 25% on reducing balance

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

Cambrian Developments Limited (Registered number: NI032378)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 15,913
DEPRECIATION
At 1 January 2023 15,518
Charge for year 129
At 31 December 2023 15,647
NET BOOK VALUE
At 31 December 2023 266
At 31 December 2022 395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 2,504
Other debtors 2,028 15,096
2,028 17,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 935 20
Taxation and social security - 140
Other creditors 7,185 207,969
8,120 208,129

Cambrian Developments Limited (Registered number: NI032378)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs Carla Maria Logue
Balance outstanding at start of year (530 ) 25,117
Amounts advanced - 572
Amounts repaid (669 ) (26,219 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,199 ) (530 )

Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements.