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Cardiff Business Park (1994) Limited

Financial Statements for the Year Ended 31 May 2024






Cardiff Business Park (1994) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C Beames



REGISTERED OFFICE: Berry Smith LLP
Haywood House South
Dumfries Place
Cardiff
CF10 3GA



REGISTERED NUMBER: 02919359 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: HSBC
56 Queen Street
Cardiff
CF10 2PX



SOLICITORS: Berry Smith LLP
Haywood House
Dumfries Place
Cardiff
CF10 3GA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cardiff Business Park (1994) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cardiff Business Park (1994) Limited for the year ended 31 May 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cardiff Business Park (1994) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cardiff Business Park (1994) Limited and state those matters that we have agreed to state to the director of Cardiff Business Park (1994) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cardiff Business Park (1994) Limited and its director for our work or for this report.

It is your duty to ensure that Cardiff Business Park (1994) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cardiff Business Park (1994) Limited. You consider that Cardiff Business Park (1994) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cardiff Business Park (1994) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cardiff Business Park (1994) Limited




24 February 2025

Cardiff Business Park (1994) Limited (Registered number: 02919359)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Fixed asset investments 3 1,910,000 1,945,000

CURRENT ASSETS
Debtors 4 173,086 97,200
Cash at bank 1,323,631 1,297,990
1,496,717 1,395,190
CREDITORS
Amounts falling due within one
year

5

1,931,634

1,940,819
NET CURRENT LIABILITIES (434,917 ) (545,629 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

1,475,083

1,399,371

CAPITAL AND RESERVES
Called up share capital 462,517 462,517
Retained earnings 1,012,566 936,854
SHAREHOLDERS' FUNDS 1,475,083 1,399,371

Cardiff Business Park (1994) Limited (Registered number: 02919359)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





C Beames - Director


Cardiff Business Park (1994) Limited (Registered number: 02919359)

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


1. 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
Turnover represents the invoiced value of goods & services, less related value added tax, in relation to property investment and development.

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Total
£
FAIR VALUE
At 1 June 2023 1,945,000
Disposals (35,000 )
At 31 May 2024 1,910,000
NET BOOK VALUE
At 31 May 2024 1,910,000
At 31 May 2023 1,945,000

Fair value at 31 May 2024 is represented by:
£
Valuation in 2008 367,329
Valuation in 2011 (137,847 )
Valuation in 2014 (165,000 )
Valuation in 2022 840,000
Cost 1,005,518
1,910,000

Cardiff Business Park (1994) Limited (Registered number: 02919359)

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


3. FIXED ASSET INVESTMENTS - continued

The properties have been reassessed at an open market value at 31 May 2024 by the directors with the assistance of their professional property advisers.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£ £
Other debtors and prepayments 173,086 97,200

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£ £
Amounts owed to group undertakings 1,875,000 1,873,562
Taxes & social security costs 34,199 42,792
Other creditors, accruals
& deferred income 22,435 24,465
1,931,634 1,940,819

6. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent company is Maidsfield Group Limited whose registered office and principal place of business are detailed on the company information page.