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REGISTERED NUMBER: 08987701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cambed Properties Limited

Cambed Properties Limited (Registered number: 08987701)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cambed Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A L Jenkins
R A Vernon





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 08987701 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Cambed Properties Limited (Registered number: 08987701)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,700 8,154
Investment property 6 493,134 493,134
499,834 501,288

CURRENT ASSETS
Debtors 7 5,904 8,639
Cash at bank 10,224 -
16,128 8,639
CREDITORS
Amounts falling due within one year 8 179,947 179,791
NET CURRENT LIABILITIES (163,819 ) (171,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,015

330,136

CREDITORS
Amounts falling due after more than one
year

9

(112,755

)

(129,586

)

PROVISIONS FOR LIABILITIES (1,273 ) (1,549 )
NET ASSETS 221,987 199,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,887 198,901
SHAREHOLDERS' FUNDS 221,987 199,001

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.

Cambed Properties Limited (Registered number: 08987701)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





R A Vernon - Director


Cambed Properties Limited (Registered number: 08987701)

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

1. STATUTORY INFORMATION

Cambed 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost

The freehold property is not depreciated as the directors consider that its market value exceeds its original cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cambed Properties Limited (Registered number: 08987701)

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

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,138 1,392 4,798 12,328
DEPRECIATION
At 1 April 2023 205 859 3,110 4,174
Charge for year 613 278 563 1,454
At 31 March 2024 818 1,137 3,673 5,628
NET BOOK VALUE
At 31 March 2024 5,320 255 1,125 6,700
At 31 March 2023 5,933 533 1,688 8,154

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 493,134
NET BOOK VALUE
At 31 March 2024 493,134
At 31 March 2023 493,134

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,620 4,620
Other debtors 1,083 3,820
Prepayments 201 199
5,904 8,639

Cambed Properties Limited (Registered number: 08987701)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,000 21,086
Tax 5,629 4,014
VAT 3,877 4,400
Directors' current accounts 145,151 145,151
Accrued expenses 5,290 5,140
179,947 179,791

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 20,000 20,000
Bank loans more 5 yr by instal 72,755 89,586
112,755 129,586

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 72,755 89,586