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Company Registration No. 11752726 (England and Wales)
Cedar Banbury Limited Unaudited accounts for the year ended 31 March 2024
Cedar Banbury Limited Unaudited accounts Contents
Page
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Cedar Banbury Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,534 
- 
Current assets
Inventories
13,085 
- 
Debtors
20,316 
42,690 
Cash at bank and in hand
264 
1,020 
33,665 
43,710 
Creditors: amounts falling due within one year
(54,205)
(13,798)
Net current (liabilities)/assets
(20,540)
29,912 
Total assets less current liabilities
108,994 
29,912 
Creditors: amounts falling due after more than one year
(134,603)
(36,203)
Net liabilities
(25,609)
(6,291)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(25,610)
(6,292)
Shareholders' funds
(25,609)
(6,291)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Sarah-Jane Moore Director Company Registration No. 11752726
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Cedar Banbury Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cedar Banbury Limited is a private company, limited by shares, registered in England and Wales, registration number 11752726. The registered office is Unit 3 Canalside Business Park, Tramway Road, Banbury, Oxfordshire, OX16 5FA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% reducing balance
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Going concern
The accounts have been drawn up on a going concern basis. The company is dependent upon the continued support of its creditors. The director does not consider that the support of its creditors is likely to be withdrawn. If the going concern basis was not appropriate, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current asset.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
- 
- 
- 
Additions
51,475 
90,931 
14,154 
156,560 
Disposals
(20,000)
- 
(1,730)
(21,730)
At 31 March 2024
31,475 
90,931 
12,424 
134,830 
Depreciation
Charge for the year
415 
4,351 
530 
5,296 
At 31 March 2024
415 
4,351 
530 
5,296 
Net book value
At 31 March 2024
31,060 
86,580 
11,894 
129,534 
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Cedar Banbury Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,697 
- 
Amounts due from group undertakings etc.
- 
41,568 
Accrued income and prepayments
9,365 
- 
Other debtors
8,254 
408 
20,316 
41,976 
Amounts falling due after more than one year
Other debtors
- 
714 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,797 
13,797 
Trade creditors
14,773 
- 
Amounts owed to group undertakings and other participating interests
19,963 
- 
Other creditors
658 
1 
Accruals
916 
- 
Deferred income
4,098 
- 
54,205 
13,798 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
134,603 
36,203 
8
Controlling party
The ultimate controlling party is Cedri Limited, incorporated in England and Wales, by virtue of its 100% holding of the company's issued share capital. The registered office of Cedri Limited is Unit 3, Canalside Business Park, Tramway Road, Banbury, OX16 5FA.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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