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Cardiff Business Park (1994) Limited |
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Financial Statements for the Year Ended 31 May 2020 |
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Cardiff Business Park (1994) Limited |
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Financial Statements for the Year Ended 31 May 2020 |
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Cardiff Business Park (1994) Limited |
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Company Information |
for the Year Ended 31 May 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Radnor House |
Greenwood Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8AA |
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BANKERS: |
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56 Queen Street |
Cardiff |
CF10 2PX |
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SOLICITORS: |
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3 Assembly Square |
Britannia Quay |
Cardiff Bay |
Cardiff |
CF10 4PL |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Cardiff Business Park (1994) Limited |
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The following reproduces the text of the report prepared for the directors in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act |
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the |
Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of Cardiff Business Park (1994) Limited for the year ended |
31 May 2020 which comprise the Profit & Loss Account, Balance Sheet and the related notes from |
the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Cardiff Business Park (1994) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cardiff Business Park (1994) Limited and state those matters that we have agreed to state to the Board of Directors of Cardiff Business Park (1994) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cardiff Business Park (1994) Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Cardiff Business Park (1994) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cardiff Business Park (1994) Limited. You consider that Cardiff Business Park (1994) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Cardiff Business Park (1994) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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Cardiff Business Park (1994) Limited (Registered number: 02919359) |
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Balance Sheet |
31 May 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Fixed asset investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Non-distributable reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Cardiff Business Park (1994) Limited (Registered number: 02919359) |
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Balance Sheet - continued |
31 May 2020 |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Cardiff Business Park (1994) Limited (Registered number: 02919359) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2020 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the invoiced value of goods & services, less related value added tax, in |
relation to property investment and development. |
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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. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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3. | FIXED ASSET INVESTMENTS |
Total |
£ |
FAIR VALUE |
At 1 June 2019 |
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Disposals | ( |
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At 31 May 2020 |
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NET BOOK VALUE |
At 31 May 2020 |
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At 31 May 2019 |
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Fair value at 31 May 2020 is represented by: |
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£ |
Valuation in 2008 | 367,329 |
Valuation in 2011 | (137,847 | ) |
Valuation in 2014 | (165,000 | ) |
Cost | 1,040,518 |
1,105,000 |
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The properties have been reassessed at an open market value at 31 May 2020 by the |
directors with the assistance of their professional property advisers. |
Cardiff Business Park (1994) Limited (Registered number: 02919359) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors and prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxes & social security costs |
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Other creditors, accruals |
& deferred income |
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6. | ULTIMATE PARENT UNDERTAKING |
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The company's ultimate parent company is Maidsfield Group Limited whose registered office |
and principal place of business are detailed on the company information page. |