Cambridge Construction Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01116238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

CAMBRIDGE CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss S A Ward

REGISTERED OFFICE:

Eastern Counties Leather

Langford Arch

London Road

Sawston

Cambridgeshire

CB2 4EG

REGISTERED NUMBER:

01116238 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Birkby House

Bailiff Bridge

Brighouse

West Yorkshire

HD6 4JJ

FIXED ASSETS

Tangible assets

4

42,378

587

Investment property

5

8,858,616

8,858,616

8,900,994

8,859,203

CURRENT ASSETS

Debtors

6

505

346

Cash in hand

15

134

520

480

CREDITORS

Amounts falling due within one year

7

1,704,527

1,744,446

NET CURRENT LIABILITIES

(1,704,007

)

(1,743,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,196,987

7,115,237

PROVISIONS FOR LIABILITIES

8,052

117

NET ASSETS

7,188,935

7,115,120

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

6,504,719

6,504,719

Retained earnings

684,116

610,301

SHAREHOLDERS' FUNDS

7,188,935

7,115,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 March 2018 and were signed by:

Miss S A Ward - Director

1.	STATUTORY INFORMATION

Cambridge Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set

out below. These policies have been consistently applied to all years presented unless otherwise

stated.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Land and buildings are shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.

DEFERRED TAX

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

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

29,299

Additions

47,096

At 31 October 2017

76,395

DEPRECIATION

At 1 November 2016

28,712

Charge for year

5,305

At 31 October 2017

34,017

NET BOOK VALUE

At 31 October 2017

42,378

At 31 October 2016

587

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

and 31 October 2017

8,858,616

NET BOOK VALUE

At 31 October 2017

8,858,616

At 31 October 2016

8,858,616

The investment property is valued on the basis of it's market value by the director.

Fair value at 31 October 2017 is represented by:

£

Valuation in 2008

6,483,112

Valuation in 2012

1,449,000

Valuation in 2013

(141,796

)

Valuation in 2014

460,195

Valuation in 2015

34,171

Valuation in 2016

573,934

8,858,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

327

346

Other debtors

178

-

505

346

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

933,609

707,990

Trade creditors

3,522

4,570

Taxation and social security

9,854

28,656

Other creditors

757,542

1,003,230

1,704,527

1,744,446

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Revaluation

reserve

£

At 1 November 2016

and 31 October 2017

6,504,719

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss S A Ward.