Company Registration No. 4752851 (England and Wales)
CAMBRIDGE PATENTS LIMITED
Unaudited accounts
for the year ended 31 March 2019
CAMBRIDGE PATENTS LIMITED
Unaudited accounts
Contents
CAMBRIDGE PATENTS LIMITED
Company Information
for the year ended 31 March 2019
Directors
Mr Adam Tolfree
Mr Roger Tolfree
Company Number
4752851 (England and Wales)
Registered Office
Rosemary Cottage
Toll Drove
Manea
Cambridgeshire
PE15 0JX
UK
Accountants
Brian Hart Brimar Accounts
2 Station Drive
Wisbech St Mary
Wisbech
Cambs
PE13 4RX
CAMBRIDGE PATENTS LIMITED
Statement of financial position
as at
31 March 2019
Tangible assets
4,872
4,878
Investments
173,755
623,136
Cash at bank and in hand
85,800
144,083
Creditors: amounts falling due within one year
(56,333)
(47,590)
Net current assets
634,859
182,071
Total assets less current liabilities
813,486
810,085
Provisions for liabilities
Net assets
813,452
810,051
Called up share capital
387
387
Revaluation reserve
91,543
245,524
Profit and loss account
721,522
564,140
Shareholders' funds
813,452
810,051
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 October 2019.
Mr Adam Tolfree
Director
Company Registration No. 4752851
CAMBRIDGE PATENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2019
CAMBRIDGE PATENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4752851. The registered office is Rosemary Cottage, Toll Drove, Manea, Cambridgeshire, PE15 0JX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
4,673
17,226
21,899
At 31 March 2019
4,673
18,020
22,693
At 1 April 2018
3,317
13,704
17,021
Charge for the year
203
597
800
At 31 March 2019
3,520
14,301
17,821
At 31 March 2019
1,153
3,719
4,872
At 31 March 2018
1,356
3,522
4,878
CAMBRIDGE PATENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2019
5
Investments
Other investments
Valuation at 1 April 2018
623,136
Valuation at 31 March 2019
173,755
Trade debtors
52,876
68,567
Accrued income and prepayments
1,140
-
Other debtors
551,376
17,011
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
5,147
(132)
Taxes and social security
46,427
40,638
Other creditors
(1,073)
-
Loans from directors
4,947
5,544
8
Transactions with related parties
In the year a loan was made to Mr Adam Tolfree, a director of the company. There is a loan agreement drawn up between the company and Mr Tolfree. Interest is being charged at a commercial rate and a repayment date set. The company has sufficient funds to meet its commitments.
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).