IRIS Accounts Production v24.2.0.383 03206197 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032061972023-03-31032061972024-03-31032061972023-04-012024-03-31032061972022-03-31032061972022-04-012023-03-31032061972023-03-3103206197ns15:EnglandWales2023-04-012024-03-3103206197ns14:PoundSterling2023-04-012024-03-3103206197ns10:Director12023-04-012024-03-3103206197ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103206197ns10:SmallEntities2023-04-012024-03-3103206197ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103206197ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103206197ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103206197ns10:FullAccounts2023-04-012024-03-3103206197ns10:Director22023-04-012024-03-3103206197ns10:Director32023-04-012024-03-3103206197ns10:CompanySecretary12023-04-012024-03-3103206197ns10:RegisteredOffice2023-04-012024-03-3103206197ns5:CurrentFinancialInstruments2024-03-3103206197ns5:CurrentFinancialInstruments2023-03-3103206197ns5:Non-currentFinancialInstruments2024-03-3103206197ns5:Non-currentFinancialInstruments2023-03-3103206197ns5:ShareCapital2024-03-3103206197ns5:ShareCapital2023-03-3103206197ns5:RetainedEarningsAccumulatedLosses2024-03-3103206197ns5:RetainedEarningsAccumulatedLosses2023-03-3103206197ns5:PlantMachinery2023-04-012024-03-3103206197ns5:LandBuildings2023-03-3103206197ns5:PlantMachinery2023-03-3103206197ns5:LandBuildings2023-04-012024-03-3103206197ns5:LandBuildings2024-03-3103206197ns5:PlantMachinery2024-03-3103206197ns5:LandBuildings2023-03-3103206197ns5:PlantMachinery2023-03-3103206197ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103206197ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03206197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cambrian Price Properties Limited

Cambrian Price Properties Limited (Registered number: 03206197)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cambrian Price Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss M Price
Mrs A Gostage
Mrs J Wedley





SECRETARY: Mrs J Wedley





REGISTERED OFFICE: 40 Rhosnesni Lane
Wrexham
LL12 7NA





REGISTERED NUMBER: 03206197 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

Cambrian Price Properties Limited (Registered number: 03206197)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 616,214 616,618

CURRENT ASSETS
Debtors 5 19,966 923,863
Cash at bank 1,515,405 578,766
1,535,371 1,502,629
CREDITORS
Amounts falling due within one year 6 29,487 83,767
NET CURRENT ASSETS 1,505,884 1,418,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,122,098

2,035,480

CREDITORS
Amounts falling due after more than one
year

7

600,000

600,000
NET ASSETS 1,522,098 1,435,480

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,521,098 1,434,480
SHAREHOLDERS' FUNDS 1,522,098 1,435,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Cambrian Price Properties Limited (Registered number: 03206197)

Balance Sheet - continued
31 March 2024


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 September 2024 and were signed on its behalf by:





Mrs J Wedley - Director


Cambrian Price Properties Limited (Registered number: 03206197)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cambrian Price Properties 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.

Turnover
Income is derived from the rental of freehold properties and is recognised on an accruals basis. Certain freehold properties have an option to tax for Value Added Tax, however turnover is shown in the profit and loss net of Value Added Tax.

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 - 25% on reducing balance

Investment property
Investment property is included at fair value . Gains are recognised in the income statement . Deferred taxation is provided on these gains at the rate expected to apply when the property is sold .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 615,000 9,409 624,409
Disposals (56,189 ) - (56,189 )
Revaluations 56,189 - 56,189
At 31 March 2024 615,000 9,409 624,409
DEPRECIATION
At 1 April 2023 - 7,791 7,791
Charge for year - 404 404
At 31 March 2024 - 8,195 8,195
NET BOOK VALUE
At 31 March 2024 615,000 1,214 616,214
At 31 March 2023 615,000 1,618 616,618

Cambrian Price Properties Limited (Registered number: 03206197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2013 245,555 - 245,555
Valuation in 2014 57,143 - 57,143
Valuation in 2015 (450,642 ) - (450,642 )
Valuation in 2018 25,603 - 25,603
Valuation in 2019 (74,656 ) - (74,656 )
Valuation in 2020 (37,857 ) - (37,857 )
Valuation in 2021 (493,857 ) - (493,857 )
Valuation in 2022 (1,500 ) - (1,500 )
Valuation in 2023 704,409 - 704,409
Valuation in 2024 56,189 - 56,189
Cost 584,613 9,409 594,022
615,000 9,409 624,409

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 584,613 640,802

Land and buildings were valued on an open market basis on 31 March 2024 by by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,966 51,863
Other debtors - 872,000
19,966 923,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,732 4,647
Taxation and social security 14,892 37,015
Other creditors 11,863 42,105
29,487 83,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to participating interests 600,000 600,000

Cambrian Price Properties Limited (Registered number: 03206197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The company was under the control of its directors throughout the current and previous year.
The directors of the company are directors of B.S & R.Price (Properties) Limited who owns 40% of the share capital of Cambrian Price Properties Limited. The amount owed to B.S & R.Price (Properties) Limited as at the year end was £600,000 (2023: £600,000).

Dividends paid during the year totalled £17,000 .

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors Miss M Price, Mrs A Gostage and Mrs J Wedley by virtue of their majority share holding in Cambrian Price Properties Limited and B.S. & R.Price (Properties) Limited.