Company registration number 05449683 (England and Wales)
CLWYDIAN PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
CLWYDIAN PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 5
CLWYDIAN PROPERTIES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLWYDIAN PROPERTIES LIMITED FOR THE YEAR ENDED 31 DECEMBER 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clwydian Properties Limited for the year ended 31 December 2022 which comprise, the 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Clwydian Properties Limited, as a body, in accordance with the terms of our engagement letter dated 23 December 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Clwydian Properties Limited and state those matters that we have agreed to state to the board of directors of Clwydian Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clwydian Properties Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Clwydian Properties Limited 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 Clwydian Properties Limited. You consider that Clwydian Properties Limited 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 Clwydian Properties Limited. 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.
Sage & Company Business Advisors Ltd
29 September 2023
Chartered Accountants
102 Bowen Court
St Asaph Business Park
St Asaph
Denbighshire
LL17 0JE
CLWYDIAN PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
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2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
2
273
365
Investment property
3
460,000
400,000
460,273
400,365
Current assets
Debtors
4
4,091
7,161
Cash at bank and in hand
197
5,705
4,288
12,866
Creditors: amounts falling due within one year
5
(42,266)
(44,989)
Net current liabilities
(37,978)
(32,123)
Total assets less current liabilities
422,295
368,242
Creditors: amounts falling due after more than one year
6
(318,526)
(320,027)
Net assets
103,769
48,215
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
103,765
48,211
Total equity
103,769
48,215
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CLWYDIAN PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
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The financial statements were approved and signed by the director and authorised for issue on 29 September 2023
Mr A J Brownbill
Director
Company registration number 05449683 (England and Wales)
CLWYDIAN PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
31 December 2022
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1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 and 31 December 2022
11,527
Depreciation and impairment
At 1 January 2022
11,163
Depreciation charged in the year
91
At 31 December 2022
11,254
Carrying amount
At 31 December 2022
273
At 31 December 2021
365
3
Investment property
2022
£
Fair value
At 1 January 2022
400,000
Revaluations
60,000
At 31 December 2022
460,000
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
(1)
Other debtors
4,092
7,161
4,091
7,161
CLWYDIAN PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
31 December 2022
- 5 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
1,597
1,597
Corporation tax
1,698
1,612
Other creditors
38,971
41,780
42,266
44,989
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
318,526
320,027
7
Non-distributable profits reserve
2022
2021
£
£
At the beginning and end of the year
32,948
32,948
The non-distributable reserve noted above is generated by gains on investment property revaluations in prior periods and is therefore held in the profit and loss reserve total.
8
Related party transactions
The balance outstanding to Mrs B Wildbur at the year-end was £2,000 (2021: £2,000)