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Company registration number: 00777147
Penybont Real Estate Company Limited
Unaudited filleted financial statements
31 March 2022
Penybont Real Estate Company Limited
Contents
Balance sheet
Notes to the financial statements
Penybont Real Estate Company Limited
Balance sheet
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 5,287,510 5,463,642
Investments 6 548 548
_______ _______
5,288,058 5,464,190
Current assets
Stocks 2,262 2,262
Debtors 7 12,772 12,516
Cash at bank and in hand 1,192,642 918,566
_______ _______
1,207,676 933,344
Creditors: amounts falling due
within one year 8 ( 91,549) ( 165,870)
_______ _______
Net current assets 1,116,127 767,474
_______ _______
Total assets less current liabilities 6,404,185 6,231,664
Provisions for liabilities ( 329,927) ( 321,800)
_______ _______
Net assets 6,074,258 5,909,864
_______ _______
Capital and reserves
Called up share capital 9 140 140
Revaluation reserve 2,386,975 2,423,741
Profit and loss account 3,687,143 3,485,983
_______ _______
Shareholders funds 6,074,258 5,909,864
_______ _______
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 August 2022 , and are signed on behalf of the board by:
D.D. Morgan
Director
Company registration number: 00777147
Penybont Real Estate Company Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment 10% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2021: 3 ).
5. Tangible assets
Freehold property Short leasehold property Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2021 5,462,056 267 3,995 5,466,318
Disposals ( 176,000) - - ( 176,000)
_______ _______ _______ _______
At 31 March 2022 5,286,056 267 3,995 5,290,318
_______ _______ _______ _______
Depreciation
At 1 April 2021 - - 2,676 2,676
Charge for the year - - 132 132
_______ _______ _______ _______
At 31 March 2022 - - 2,808 2,808
_______ _______ _______ _______
Carrying amount
At 31 March 2022 5,286,056 267 1,187 5,287,510
_______ _______ _______ _______
At 31 March 2021 5,462,056 267 1,319 5,463,642
_______ _______ _______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2021 and 31 March 2022 548 548
_______ _______
Impairment
At 1 April 2021 and 31 March 2022 - -
_______ _______
Carrying amount
At 31 March 2022 548 548
_______ _______
At 31 March 2021 548 548
_______ _______
7. Debtors
2022 2021
£ £
Other debtors 12,772 12,516
_______ _______
8. Creditors: amounts falling due within one year
2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 11,210 11,210
Corporation tax 36,038 27,217
Other creditors 44,301 127,443
_______ _______
91,549 165,870
_______ _______
The bank borrowings are secured on the assets of the company.
9. Called up share capital
Issued, called up and fully paid
2022 2021
No £ No £
Ordinary shares shares of £ 1.00 each 140 140 140 140
_______ _______ _______ _______