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REGISTERED NUMBER: 09379745 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CAMBRIDGE PROPERTY DEVELOPMENTS LTD

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)






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


CAMBRIDGE PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G R Ward





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: Barton House
28 Wimpole Road
Barton
Cambridge
Cambridgeshire
CB23 7AB





REGISTERED NUMBER: 09379745 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 124,890 131,916
Investment property 6 8,196,000 7,579,750
8,320,890 7,711,666

CURRENT ASSETS
Debtors 7 1,393 -
Cash at bank 52,868 91,390
54,261 91,390
CREDITORS
Amounts falling due within one year 8 (2,543,007 ) (2,368,516 )
NET CURRENT LIABILITIES (2,488,746 ) (2,277,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,832,144 5,434,540

CREDITORS
Amounts falling due after more than one
year

9

(3,937,521

)

(4,090,082

)

PROVISIONS FOR LIABILITIES 12 (242,887 ) (113,186 )
NET ASSETS 1,651,736 1,231,272

CAPITAL AND RESERVES
Called up share capital 13 100 100
Fair value reserve 14 1,021,947 559,287
Retained earnings 629,689 671,885
SHAREHOLDERS' FUNDS 1,651,736 1,231,272

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.

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





G R Ward - Director


CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cambridge Property Developments Ltd 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 as modified by the revaluation of certain assets.

Related party exemption
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.

Turnover
Turnover is derived from rents received. The company is not registered for 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment property is measured at cost on initial recognition and then fair value at each reporting date. Fair value gains and losses are recognised in the profit and loss. Deferred taxation is provided on these gains at rates expected to apply when the property is sold.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities or equity instruments.

Basic financial assets:
Basic financial assets which include assets and such as debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of future receipts are discounted at a market rate of interest. Assets receivable within one year are not discounted.

Basic financial liabilities:
Basic financial liabilities. including creditors, bank loans, are initially measured at transaction price net of transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 280,199
Additions 20,000
At 31 March 2024 300,199
DEPRECIATION
At 1 April 2023 148,283
Charge for year 27,026
At 31 March 2024 175,309
NET BOOK VALUE
At 31 March 2024 124,890
At 31 March 2023 131,916

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 101,265
DEPRECIATION
At 1 April 2023 15,795
Charge for year 10,232
At 31 March 2024 26,027
NET BOOK VALUE
At 31 March 2024 75,238
At 31 March 2023 85,470

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 7,579,750
Revaluations 616,250
At 31 March 2024 8,196,000
NET BOOK VALUE
At 31 March 2024 8,196,000
At 31 March 2023 7,579,750

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 425,000
Valuation in 2021 (873,270 )
Valuation in 2022 1,087,566
Valuation in 2024 616,250
Cost 6,940,454
8,196,000

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,940,454 6,940,454

The investment properties were valued on a fair value basis on 31 March 2024 by the director .

The director has further considered the fair value if investment properties at the balance sheet date and considers the carrying value in the financial statements to not be materially different to their fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,393 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 123,682 343,610
Hire purchase contracts and finance leases 15,231 15,230
Trade creditors 12,164 6,676
Other creditors 2,388,931 2,000,000
Accrued expenses 2,999 3,000
2,543,007 2,368,516

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 3,901,318 3,926,460
Hire purchase contracts and finance leases 36,203 48,962
Directors loan accs more 1yr - 114,660
3,937,521 4,090,082

Bank loans are secured against the Companies Investment Properties by way of a fixed charge. All Bank loans are interest only with no fixed repayment date.

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 123,682 343,610

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 247,364 272,506

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,653,954 3,653,954

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,025,000 4,270,070
Hire purchase contracts and finance leases 51,434 64,192
4,076,434 4,334,262

Bank loans are secured via a fixed charge over the investment property to which they relate.

Hire purchase liabilities are secured against the asset to which they relate.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 242,887 113,186

Deferred
tax
£   
Balance at 1 April 2023 113,186
Provided during year (13,782 )
Change in fair value 153,859
Unutilised tax losses (10,376 )
Balance at 31 March 2024 242,887

Deferred tax is recognised in respect of the excess of capital allowances over depreciation and the movement in the fair value of investment property using the rates of corporation tax expected to apply on the reversal of the timing difference.

CAMBRIDGE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 09379745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary D £1 1 1
33 Ordinary A £1 33 33
33 Ordinary B £1 33 33
33 Ordinary C £1 33 33
100 100

14. RESERVES
Fair
value
reserve
£   
At 1 April 2023 559,287
Investment property
fair value movement 462,660

At 31 March 2024 1,021,947

The fair value reserve represents the change in fair value of investment property net of deferred tax.

15. RELATED PARTY DISCLOSURES

During the year under review the balance due to the director on a directors loan account of £258,931 was transferred to a company under the control of the director.The outstanding balance at the year end amounted to nil (2023: £114,660).