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
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2022 |
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2021 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
|
5 |
5,287,510 |
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5,463,642 |
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Investments |
|
6 |
548 |
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|
|
548 |
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|
|
|
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_______ |
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_______ |
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5,288,058 |
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5,464,190 |
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Current assets |
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Stocks |
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2,262 |
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2,262 |
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Debtors |
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7 |
12,772 |
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12,516 |
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Cash at bank and in hand |
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1,192,642 |
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918,566 |
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_______ |
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_______ |
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1,207,676 |
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933,344 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
91,549) |
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(
165,870) |
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_______ |
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_______ |
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Net current assets |
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1,116,127 |
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767,474 |
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_______ |
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_______ |
Total assets less current liabilities |
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6,404,185 |
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6,231,664 |
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Provisions for liabilities |
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(
329,927) |
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(
321,800) |
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_______ |
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_______ |
Net assets |
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6,074,258 |
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5,909,864 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
|
9 |
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140 |
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140 |
Revaluation reserve |
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2,386,975 |
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2,423,741 |
Profit and loss account |
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3,687,143 |
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3,485,983 |
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_______ |
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_______ |
Shareholders funds |
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6,074,258 |
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5,909,864 |
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_______ |
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_______ |
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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:
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Fittings fixtures and equipment |
10% reducing balance |
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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
).
7.
Debtors
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2022 |
2021 |
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£ |
£ |
|
Other debtors |
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12,772 |
12,516 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2022 |
2021 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
11,210 |
11,210 |
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Corporation tax |
|
36,038 |
27,217 |
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Other creditors |
|
44,301 |
127,443 |
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_______ |
_______ |
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91,549 |
165,870 |
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_______ |
_______ |
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The bank borrowings are secured on the assets of the company.
9.
Called up share capital
Issued, called up and fully paid
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2022 |
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2021 |
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No |
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£ |
|
No |
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£ |
|
Ordinary shares shares of £
1.00 each |
|
140 |
|
140 |
|
140 |
|
140 |
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_______ |
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_______ |
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_______ |
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_______ |
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