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REGISTERED NUMBER: 00898696 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTOR: R R Kindred





SECRETARY: S Beach





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 00898696 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,316 35,509
Investment property 5 20,543,500 20,543,500
20,556,816 20,579,009

CURRENT ASSETS
Debtors 6 707,492 511,971
Cash at bank 276,006 282,334
983,498 794,305
CREDITORS
Amounts falling due within one year 7 1,004,169 1,023,916
NET CURRENT LIABILITIES (20,671 ) (229,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,536,145

20,349,398

CREDITORS
Amounts falling due after more than one
year

8

(5,413,470

)

(5,744,292

)

PROVISIONS FOR LIABILITIES (1,425,503 ) (1,425,827 )
NET ASSETS 13,697,172 13,179,279

CAPITAL AND RESERVES
Called up share capital 117 117
Share premium 169,983 169,983
Retained earnings 13,527,072 13,009,179
SHAREHOLDERS' FUNDS 13,697,172 13,179,279

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

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 18 February 2025 and were signed by:





R R Kindred - Director


CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Cambridgeshire Industrial 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. 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st March 2024 the company's current liabilities exceeded its current assets by £20,671 and total liabilities of the company were £6,417,639. The company is reliant upon the continued supports of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

Turnover
Turnover represents net invoiced rents and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Solar panels - 10% on cost
Equipment - 25% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 period 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.

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Solar Motor
panels Equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 148,441 114,213 11,640 274,294
Disposals - (114,213 ) - (114,213 )
At 31 March 2024 148,441 - 11,640 160,081
DEPRECIATION
At 1 January 2023 118,752 114,213 5,820 238,785
Charge for period 18,555 - 3,638 22,193
Eliminated on disposal - (114,213 ) - (114,213 )
At 31 March 2024 137,307 - 9,458 146,765
NET BOOK VALUE
At 31 March 2024 11,134 - 2,182 13,316
At 31 December 2022 29,689 - 5,820 35,509

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 March 2024 20,543,500
NET BOOK VALUE
At 31 March 2024 20,543,500
At 31 December 2022 20,543,500

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

The investment properties were revalued in June 2021, by Carter Jonas, on an open market basis as follows:

Elean Business Park, Sutton £10,330,000
Earith Business Park £4,610,000
Station Yard, Fulbourn £1,820,000
Industrial Park, Ely Road, Waterbeach £1,310,000
Lancaster Farm, Mepal £560,000
10 Church Street, Great Wilbraham £570,000
Grange Farm, Fulbourn £575,000
Land at Westside, Little Eversden £106,000

The company purchased 22 Impetts Lane, Fulbourn, from the director in 2022, at market value.

The director has reviewed the market value of all properties at 31 March 2024 and concluded that it is unlikely that any material movements in values have occurred.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 456,426 356,431
Other debtors 195,983 126,495
Accrued income 5,000 5,190
Prepayments 50,083 23,855
707,492 511,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 300,000 300,000
Trade creditors 56,398 9,601
Tax 175,727 139,611
Social security and other taxes 3,163 5,373
Other creditors 134,014 130,046
Director's current account 12,260 111,303
Accruals and deferred income 322,607 327,982
1,004,169 1,023,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans - 1-2 years 300,000 300,000
Bank loans - 2-5 years 900,000 900,000
Bank loans - more than 5 years 4,213,470 4,544,292
5,413,470 5,744,292

CAMBRIDGESHIRE INDUSTRIAL PROPERTIES
LIMITED (REGISTERED NUMBER: 00898696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 4,213,470 4,544,292

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank loans 5,713,470 6,044,292

The loans on the company are secured by charges on the freehold land and buildings to the company's bankers in respect of all borrowings.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R R Kindred.

11. RETAINED EARNINGS


Profit &
Loss

Revaluation

Account Reserve Total
£    £    £   
At 1 January 2023 4,399,007 8,610,172 13,009,179
Profit for the financial period 517,893 - 517,893
At 31 March 2024 4,916,900 8,610,172 13,527,072