REGISTERED NUMBER: 03206197 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cambrian Price Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M Price

Mrs A Gostage

Mrs J Wedley

SECRETARY:

Mrs J Wedley

REGISTERED OFFICE:

40 Rhosnesni Lane

Wrexham

LL12 7NA

REGISTERED NUMBER:

03206197 (England and Wales)

ACCOUNTANTS:

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

FIXED ASSETS

Tangible assets

4

630,910

616,214

CURRENT ASSETS

Debtors

5

8,350

19,966

Cash at bank

1,413,923

1,515,405

1,422,273

1,535,371

CREDITORS

Amounts falling due within one year

6

23,345

29,487

NET CURRENT ASSETS

1,398,928

1,505,884

TOTAL ASSETS LESS CURRENT LIABILITIES

2,029,838

2,122,098

CREDITORS

Amounts falling due after more than one year

7

500,000

600,000

NET ASSETS

1,529,838

1,522,098

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,528,838

1,521,098

SHAREHOLDERS' FUNDS

1,529,838

1,522,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mrs J Wedley - Director

1.	STATUTORY INFORMATION

Cambrian Price 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.

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 as modified by the revaluation of certain assets.

Turnover

Income is derived from the rental of freehold properties and is recognised on an accruals basis. Certain freehold properties have an option to tax for Value Added Tax, however turnover is shown in the profit and loss net of 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.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is included at fair value . Gains are recognised in the income statement . Deferred taxation is provided on these gains at the rate expected to apply when the property is sold .

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

615,000

9,409

624,409

Revaluations

15,000

-

15,000

At 31 March 2025

630,000

9,409

639,409

DEPRECIATION

At 1 April 2024

-

8,195

8,195

Charge for year

-

304

304

At 31 March 2025

-

8,499

8,499

NET BOOK VALUE

At 31 March 2025

630,000

910

630,910

At 31 March 2024

615,000

1,214

616,214

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

302,698

-

302,698

Valuation in 2015

(450,642

)

-

(450,642

)

Valuation in 2018

25,603

-

25,603

Valuation in 2019

(74,656

)

-

(74,656

)

Valuation in 2020

(37,857

)

-

(37,857

)

Valuation in 2021

(493,857

)

-

(493,857

)

Valuation in 2022

(1,500

)

-

(1,500

)

Valuation in 2023

704,409

-

704,409

Valuation in 2024

56,189

-

56,189

Valuation in 2025

15,000

-

15,000

Cost

584,613

9,409

594,022

630,000

9,409

639,409

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

584,613

584,613

Land and buildings were valued on an open market basis on 31 March 2025 by by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,350

19,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,462

2,732

Taxation and social security

3,290

14,892

Other creditors

18,593

11,863

23,345

29,487

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to participating interests

500,000

600,000

8.	RELATED PARTY DISCLOSURES

The company was under the control of its directors throughout the current and previous year.

The directors of the company are directors of B.S & R.Price (Properties) Limited who owns 40% of the share capital of Cambrian Price Properties Limited. The amount owed to B.S & R.Price (Properties) Limited as at the year end was £500,000 (2024: £600,000).

Dividends paid during the year totalled £17,000 .

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors Miss M Price, Mrs A Gostage and Mrs J Wedley by virtue of their majority share holding in Cambrian Price Properties Limited and B.S. & R.Price (Properties) Limited.