IRIS Accounts Production v23.2.0.158 13047820 Board of Directors 1.5.22 30.4.23 30.4.23 0 0 false true false false true false Fair value model Ordinary B 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure130478202022-04-30130478202023-04-30130478202022-05-012023-04-30130478202021-04-30130478202021-05-012022-04-30130478202022-04-3013047820ns16:EnglandWales2022-05-012023-04-3013047820ns15:PoundSterling2022-05-012023-04-3013047820ns11:Director12022-05-012023-04-3013047820ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3013047820ns11:SmallEntities2022-05-012023-04-3013047820ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3013047820ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3013047820ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3013047820ns11:FullAccounts2022-05-012023-04-3013047820ns11:OrdinaryShareClass22022-05-012023-04-3013047820ns11:OrdinaryShareClass32022-05-012023-04-3013047820ns11:Director22022-05-012023-04-3013047820ns11:CompanySecretary12022-05-012023-04-3013047820ns11:RegisteredOffice2022-05-012023-04-3013047820ns6:CurrentFinancialInstruments2023-04-3013047820ns6:CurrentFinancialInstruments2022-04-3013047820ns6:ShareCapital2023-04-3013047820ns6:ShareCapital2022-04-3013047820ns6:RetainedEarningsAccumulatedLosses2023-04-3013047820ns6:RetainedEarningsAccumulatedLosses2022-04-3013047820ns6:CostValuation2022-04-3013047820ns11:OrdinaryShareClass22023-04-3013047820ns11:OrdinaryShareClass32023-04-30
REGISTERED NUMBER: 13047820 (England and Wales)















DAVIES TIMBERS (WALES) HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIES TIMBERS (WALES) HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: J P Davies
R H Davies





SECRETARY: R H Davies





REGISTERED OFFICE: Unit 5 Blaenwern
Avondale Industrial Estate
Cwmbran
Torfaen
NP44 1TY





REGISTERED NUMBER: 13047820 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 345,810 345,810
345,910 345,910

CURRENT ASSETS
Debtors 6 43,922 40,000
Cash at bank 38,840 3,944
82,762 43,944
CREDITORS
Amounts falling due within one year 7 38,419 30,850
NET CURRENT ASSETS 44,343 13,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,253

359,004

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 390,153 358,904
SHAREHOLDERS' FUNDS 390,253 359,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)

BALANCE SHEET - continued
30TH APRIL 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th August 2023 and were signed on its behalf by:





J P Davies - Director


DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Davies Timbers (Wales) Holdings Limited 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2022
and 30th April 2023 100
NET BOOK VALUE
At 30th April 2023 100
At 30th April 2022 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2022
and 30th April 2023 345,810
NET BOOK VALUE
At 30th April 2023 345,810
At 30th April 2022 345,810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 43,922 40,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 14,810 7,361
Directors' current accounts 22,935 22,935
Accruals and deferred income 674 554
38,419 30,850

DAVIES TIMBERS (WALES) HOLDINGS LIMITED (REGISTERED NUMBER: 13047820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary B £1 50 50
50 Ordinary A £1 50 50
100 100

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the period end:
- J P Davies was owed £22,935 (2022: £22,935)