Cambridge Real Estate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04948910 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 October 2020

for

Cambridge Real Estate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D N Slater

SECRETARY:

Mrs H Tattersall

REGISTERED OFFICE:

Annuity House 52

Forder Way, Cygnet Park

Hampton

Peterborough

PE7 8JB

REGISTERED NUMBER:

04948910 (England and Wales)

ACCOUNTANTS:

Cochran, Harris & Clarke Ltd

7 Billing Road

Northampton

NORTHAMPTONSHIRE

NN1 5AN

SOLICITORS:

Hegarty & Co

48 The Broadway

Peterborough

PE1 1YW

FIXED ASSETS

Tangible assets

4

117

350

CURRENT ASSETS

Debtors

5

774

180

Cash at bank

118,448

228,684

119,222

228,864

CREDITORS

Amounts falling due within one year

6

123,676

196,688

NET CURRENT (LIABILITIES)/ASSETS

(4,454

)

32,176

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,337

)

32,526

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(4,347

)

32,516

SHAREHOLDERS' FUNDS

(4,337

)

32,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 May 2021 and were signed by:

Mr D N Slater - Director

1.	STATUTORY INFORMATION

Cambridge Real Estate 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 3 years

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

and 31 October 2020

699

DEPRECIATION

At 1 November 2019

349

Charge for year

233

At 31 October 2020

582

NET BOOK VALUE

At 31 October 2020

117

At 31 October 2019

350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

774

180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

60

-

Taxation and social security

7,025

15,515

Other creditors

116,591

181,173

123,676

196,688