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REGISTERED NUMBER: 05326029 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2022

for

PONTYPRIDD RENOVATIONS LTD

PONTYPRIDD RENOVATIONS LTD (REGISTERED NUMBER: 05326029)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PONTYPRIDD RENOVATIONS LTD

Company Information
for the Year Ended 31 January 2022







DIRECTORS: Mrs S K May
C May





SECRETARY: C May





REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Mid Glamorgan
CF37 4DY





REGISTERED NUMBER: 05326029 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Mid Glamorgan
CF37 4DY

PONTYPRIDD RENOVATIONS LTD (REGISTERED NUMBER: 05326029)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87 117
Investment property 5 345,807 286,384
345,894 286,501

CREDITORS
Amounts falling due within one year 6 91,620 136,841
NET CURRENT LIABILITIES (91,620 ) (136,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,274

149,660

CREDITORS
Amounts falling due after more than one
year

7

201,797

98,649
NET ASSETS 52,477 51,011

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,475 51,009
SHAREHOLDERS' FUNDS 52,477 51,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





Mrs S K May - Director


PONTYPRIDD RENOVATIONS LTD (REGISTERED NUMBER: 05326029)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Pontypridd Renovations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Tools and Computer
equipment equipment Totals
£    £    £   
COST
At 1 February 2021
and 31 January 2022 2,503 839 3,342
DEPRECIATION
At 1 February 2021 2,453 772 3,225
Charge for year 13 17 30
At 31 January 2022 2,466 789 3,255
NET BOOK VALUE
At 31 January 2022 37 50 87
At 31 January 2021 50 67 117

PONTYPRIDD RENOVATIONS LTD (REGISTERED NUMBER: 05326029)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021 286,384
Additions 166,920
Disposals (107,497 )
At 31 January 2022 345,807
NET BOOK VALUE
At 31 January 2022 345,807
At 31 January 2021 286,384

The directors feel that the investment properties are stated at full market value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 21,125 26,206
Corporation tax - 867
Social security and other taxes 563 -
Other creditors 10,000 -
Directors' current accounts 58,972 108,808
Accruals and deferred income 960 960
91,620 136,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans - 1-2 years 16,197 11,676
Bank loans - 2-5 years 33,608 31,532
Bank loans more 5 yr by instal 151,992 55,441
201,797 98,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 151,992 55,441

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.22 31.1.21
£    £   
Bank overdrafts 12,708 14,530
Bank loans 210,214 110,325
222,922 124,855

Loans and overdraft are secured by a charge over the properties owned by the company.

PONTYPRIDD RENOVATIONS LTD (REGISTERED NUMBER: 05326029)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
Mrs S K May and C May
Balance outstanding at start of year (63,944 ) (40,656 )
Amounts advanced 49,833 1,353
Amounts repaid (44,864 ) (24,641 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (58,975 ) (63,944 )

C May
Balance outstanding at start of year (44,864 ) (58,546 )
Amounts advanced 44,864 17,522
Amounts repaid - (3,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (44,864 )

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr C May and Mrs S K May who are both directors and equal shareholders.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pontypridd Renovations Ltd

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pontypridd Renovations Ltd for the year ended 31 January 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

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.

This report is made solely to the Board of Directors of Pontypridd Renovations Ltd, 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 Pontypridd Renovations Ltd and state those matters that we have agreed to state to the Board of Directors of Pontypridd Renovations Ltd, 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 Pontypridd Renovations Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pontypridd Renovations Ltd 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 profit of Pontypridd Renovations Ltd. You consider that Pontypridd Renovations Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pontypridd Renovations Ltd. 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.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Mid Glamorgan
CF37 4DY


31 August 2022