REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024 |
FOR |
CAMBRIDGESHIRE INDUSTRIAL PROPERTIES |
LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Solar panels | - |
Equipment | - |
Motor vehicles | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Solar | Motor |
panels | Equipment | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 December 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 December 2022 |
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 |
Other debtors |
Accrued income |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Director's current account |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans - more than 5 years |
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 |
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 |