Cambridge Real Estate Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04948910 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

CAMBRIDGE REAL ESTATE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D N Slater

SECRETARY:

Mrs H J Tattersall

REGISTERED OFFICE:

Annuity House 52

Forder Way, Cygnet Park

Hampton

Peterborough

PE7 8JB

REGISTERED NUMBER:

04948910 (England and Wales)

ACCOUNTANTS:

Cochran, Harris & Clarke Limited

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

SOLICITORS:

Hegarty & Co

48 The Broadway

Peterborough

PE1 1YW

FIXED ASSETS

Tangible assets

2

-

1,843

CURRENT ASSETS

Stocks

350,000

601,500

Debtors

311

20,311

Cash at bank

860

3,634

351,171

625,445

CREDITORS

Amounts falling due within one year

196,747

254,525

NET CURRENT ASSETS

154,424

370,920

TOTAL ASSETS LESS CURRENT LIABILITIES

154,424

372,763

CREDITORS

Amounts falling due after more than one year

3

301,561

581,574

NET LIABILITIES

(147,137

)

(208,811

)

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

(147,147

)

(208,821

)

SHAREHOLDERS' FUNDS

(147,137

)

(208,811

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 July 2014 and were signed by:

D N Slater - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis on the basis that the director will continue

to support the company. The deficiency of assets is expected to be eliminated once all current projects come to

fruition.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the value of goods and services, excluding value added tax, sold during the year.

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

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date with the exception of trading losses.

Deferred tax assets arising from unrelieved trading losses are only recognised to the extent that the director

considers that it is more likely than not that there will be future taxable profits against which the losses may be

offset.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

10,548

Disposals

(10,548

)

At 31 October 2013

-

DEPRECIATION

At 1 November 2012

8,705

Eliminated on disposal

(8,705

)

At 31 October 2013

-

NET BOOK VALUE

At 31 October 2013

-

At 31 October 2012

1,843

3.

CREDITORS

Creditors include an amount of £ 301,561 (2012 - £ 581,574 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable otherwise than by instalments

301,561

301,581

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10

Ordinary

1

10

10

5.	RELATED PARTY DISCLOSURES

During the year the director has advanced loans to the company. At the balance sheet date the amount due to the

director is £94,707 (2012: £156,584). The loan is interest free and has no fixed date for repayment.

During the year the company sold a property to the daughter of the director for £275,000.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party, in this and the preceding year, is D N Slater by virtue of his shareholding and

directorship.