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KING'S COLLEGE CAMBRIDGE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
King's College Cambridge Developments Limited is a private company limited by shares and incorporated in England. Its registered office is King's College, King's Parade, Cambridge, CB2 1ST.
The Company's functional and presentational currency is GBP.
The parent undertaking of the smallest group to consolidate these financial statements is King's College Cambridge, which is a College of the University of Cambridge. The College's registered office is King's Parade, Cambridge, CB2 1ST.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:
At the year end the company had net liabilities of £1,723. The directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the parent undertaking King's College Cambridge.
Turnover comprises revenue recognised by the Company in respect of design and build services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised as the fair value of the consideration received and is recognised once the service has been provided.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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CASH AND CASH EQUIVALENTS
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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