ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-04-01 02380187 2016-04-01 2017-03-31 02380187 2017-03-31 02380187 2016-03-31 02380187 c:Director2 2016-04-01 2017-03-31 02380187 d:Buildings 2016-04-01 2017-03-31 02380187 d:Buildings 2017-03-31 02380187 d:Buildings 2016-03-31 02380187 d:FurnitureFittings 2016-04-01 2017-03-31 02380187 d:FurnitureFittings 2017-03-31 02380187 d:FurnitureFittings 2016-03-31 02380187 d:CurrentFinancialInstruments 2017-03-31 02380187 d:CurrentFinancialInstruments 2016-03-31 02380187 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 02380187 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 02380187 d:ShareCapital 2017-03-31 02380187 d:ShareCapital 2016-03-31 02380187 d:RetainedEarningsAccumulatedLosses 2017-03-31 02380187 d:RetainedEarningsAccumulatedLosses 2016-03-31 02380187 c:OrdinaryShareClass1 2016-04-01 2017-03-31 02380187 c:OrdinaryShareClass1 2017-03-31 02380187 c:FRS102 2016-04-01 2017-03-31 02380187 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 02380187 c:FullAccounts 2016-04-01 2017-03-31 02380187 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02380187

CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 02380187

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		238		238
			238		238
Current assets
Debtors: amounts falling due within one year	5	2,750		2,200
Cash at bank and in hand		16,900		15,760
		19,650		17,960
Creditors: amounts falling due within one year	6	(1,621)		(1,626)
Net current assets			18,029		16,334
Total assets less current liabilities			18,267		16,572

Net assets			18,267		16,572

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CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 02380187

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2017

	2017	2016
Note	£	£

Capital and reserves
Called up share capital	7	11	11
Profit and loss account		18,256	16,561
		18,267	16,572

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr S R Price

Director

Date: 20 December 2017

The notes on pages 3 to 6 form part of these financial statements.

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CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Cambrian Business Park (Mold) Management Co Ltd Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 1 Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	Not provided
				Fixtures & fittings	-	15% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

2.4

Debtors

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.

2.5

Cash and cash equivalents

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.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

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CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

4.	Tangible fixed assets

	Freehold property	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 1 April 2016	238	1,466	1,704
At 31 March 2017	238	1,466	1,704
Depreciation
At 1 April 2016	-	1,466	1,466
At 31 March 2017	-	1,466	1,466
Net book value
At 31 March 2017	238	-	238
At 31 March 2016	238	-	238

Debtors

					2017	2016
					£	£


Trade debtors	2,750	2,200
	2,750	2,200

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	1,026	1,051
Accruals and deferred income	595	575
	1,621	1,626

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CAMBRIAN BUSINESS PARK (MOLD) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Allotted, called up and fully paid

11 Ordinary shares shares of £1 each	11	11

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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