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COMPANY REGISTRATION NUMBER: 15191945
CambsNews Ltd
Filleted Unaudited Abridged Financial Statements
14 March 2025
CambsNews Ltd
Abridged Financial Statements
Period from 20 November 2023 to 14 March 2025
Contents
Pages
Officers and professional advisers
1
Abridged statement of financial position
2
Notes to the abridged financial statements
3 to 4
CambsNews Ltd
Officers and Professional Advisers
Director
Mr J Elworthy
Registered office
Unit 2 Fengate Trade Park
Peterborough
Cambs.
PE1 5XB
Accountants
SR Howell & Co
Chartered Certified Accountants
88 High Street
Ramsey
Huntingdon
Cambs
PE26 1BS
CambsNews Ltd
Abridged Statement of Financial Position
14 March 2025
14 Mar 25
Note
£
Creditors: amounts falling due within one year
1,510
-------
Net current liabilities
1,510
-------
Total assets less current liabilities
( 1,510)
-------
Net liabilities
( 1,510)
-------
Capital and reserves
Called up share capital
100
Profit and loss account
( 1,610)
-------
Shareholders deficit
( 1,510)
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 14 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 14 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr J Elworthy
Director
Company registration number: 15191945
CambsNews Ltd
Notes to the Abridged Financial Statements
Period from 20 November 2023 to 14 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Fengate Trade Park, Peterborough, Cambs., PE1 5XB.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% reducing balance
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
£
Cost
At 20 November 2023
Additions
1,038
Disposals
( 1,038)
-------
At 14 March 2025
-------
Depreciation
At 20 November 2023
Charge for the period
202
Disposals
( 202)
-------
At 14 March 2025
-------
Carrying amount
At 14 March 2025
-------
6. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
14 Mar 25
£
Two directors
( 670)
----