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REGISTERED NUMBER: 03455779 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

THE CAMBRIDGE PROPERTY COMPANY LIMITED

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)






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


THE CAMBRIDGE PROPERTY COMPANY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S J Hadley





SECRETARY: N Marritt





REGISTERED OFFICE: Archer Road
Millhouses
Sheffield
South Yorkshire
S8 0JX





REGISTERED NUMBER: 03455779 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244 271
Investment property 5 555,000 555,000
555,244 555,271

CURRENT ASSETS
Debtors 6 473,341 503,736
Cash at bank 1,173 2,535
474,514 506,271
CREDITORS
Amounts falling due within one year 7 502,813 440,586
NET CURRENT (LIABILITIES)/ASSETS (28,299 ) 65,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,945

620,956

CREDITORS
Amounts falling due after more than one
year

8

382,483

385,783
NET ASSETS 144,462 235,173

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserves 9 122,261 122,261
Retained earnings 9 22,199 112,910
SHAREHOLDERS' FUNDS 144,462 235,173

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 director acknowledges his 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 CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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 director and authorised for issue on 26 September 2024 and were signed by:





S J Hadley - Director


THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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

1. STATUTORY INFORMATION

The Cambridge Property Company 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.

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.

Turnover
Turnover comprises rental income from the letting out of investment properties, excluding value added tax. Rental income is recognised in accordance with the underlying leases to each investment property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% 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 the statement of comprehensive income.

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.


THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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

2. 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,631
DEPRECIATION
At 1 April 2023 1,360
Charge for year 27
At 31 March 2024 1,387
NET BOOK VALUE
At 31 March 2024 244
At 31 March 2023 271

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 555,000
NET BOOK VALUE
At 31 March 2024 555,000
At 31 March 2023 555,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 122,261
Cost 432,739
555,000

The company's investment property portfolio was valued on an open market basis by the director. The director believes the valuation of each investment property fairly reflects the market value of each investment property at the year end.

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,749
Amounts owed by group undertakings 472,541 471,187
Directors' current accounts - 30,000
Prepayments 800 800
473,341 503,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,300 3,300
Corporation tax 4,300 4,300
Other creditors 495,213 432,986
502,813 440,586

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 382,483 385,783

9. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2023 112,910 122,261 235,171
Deficit for the year (5,059 ) (5,059 )
Dividends (85,652 ) (85,652 )
At 31 March 2024 22,199 122,261 144,460

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's current account of S J Hadley was overdrawn at the beginning of the year in the sum of £30,000. This amount was repaid to the company via a dividend on 10 April 2023, along with an interest charge. The £30,000 represented the maximum amount owing to the company during the year.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

THE CAMBRIDGE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03455779)

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

12. ULTIMATE CONTROLLING PARTY

The company's parent company is CPC Holdings Limited, whose registered office is the same as can be found on page 1 of the financial statements.

The ultimate controlling party is S J Hadley.