Registered number
14584108
Cambridge Imports Limited
Unaudited Filleted Accounts
31 December 2024
Cambridge Imports Limited
Registered number: 14584108
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 547,559 547,559
Creditors: amounts falling due within one year 4 (660) (660)
Net current liabilities (660) (660)
Total assets less current liabilities 546,899 546,899
Creditors: amounts falling due after more than one year 5 (548,332) (547,558)
Net liabilities (1,433) (659)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,434) (660)
Shareholder's funds (1,433) (659)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L K Lo
Director
Approved by the board on 22 April 2025
Cambridge Imports Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investment property
Investment properties are carried at fair value, determined annually by the directors and are derived from knowledge of comparable properties and the local markets conditions. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 547,559
At 31 December 2024 547,559
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 547,559
At 31 December 2023 547,559
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 660 660
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 548,332 547,558
6 Other information
Cambridge Imports Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Meridian Court
Compass Point Business Park
Stocks Bridge Way
St. Ives
Cambs
PE27 5FH
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