Company Registration No. 4752851 (England and Wales)
CAMBRIDGE PATENTS LIMITED
Unaudited accounts
for the year ended 31 March 2021
CAMBRIDGE PATENTS LIMITED
Unaudited accounts
Contents
CAMBRIDGE PATENTS LIMITED
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
5,752
6,767
Investments
158,068
124,549
Cash at bank and in hand
60,644
14,105
Creditors: amounts falling due within one year
(179,565)
(30,347)
Net current assets
791,488
743,051
Total assets less current liabilities
955,308
874,367
Provisions for liabilities
Deferred tax
(1,093)
(1,286)
Net assets
954,215
873,081
Called up share capital
437
387
Revaluation reserve
108,579
73,770
Profit and loss account
845,199
798,924
Shareholders' funds
954,215
873,081
For the year ending 31 March 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2021 and were signed on its behalf by
Mr Adam Tolfree
Director
Company Registration No. 4752851
CAMBRIDGE PATENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
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 2020
4,673
21,445
26,118
At 31 March 2021
4,673
21,445
26,118
At 1 April 2020
3,693
15,658
19,351
Charge for the year
147
868
1,015
At 31 March 2021
3,840
16,526
20,366
At 31 March 2021
833
4,919
5,752
At 31 March 2020
980
5,787
6,767
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Investments
Other investments
Valuation at 1 April 2020
124,549
Fair value adjustments
33,519
Valuation at 31 March 2021
158,068
CAMBRIDGE PATENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
46,368
70,151
Accrued income and prepayments
1,058
320
Other debtors
650,865
688,822
Debtors: amounts falling due after more than one year
Accrued income and prepayments
212,118
-
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
177,178
27,274
Loans from directors
299
842
8
Transactions with related parties
In the 2019 year a loan was made to Mr Adam Tolfree, a director of the company. A further loan was made in the 2020 year. There is a loan agreement drawn up between the company and Mr Tolfree.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).