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REGISTERED NUMBER: 03150091 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 JUNE 2023

FOR

PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED

PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

BALANCE SHEET
23 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,342 76,078
Investments 5 1 1
75,343 76,079

CURRENT ASSETS
Debtors 6 206,477 197,643
Investments 7 78,477 77,306
Cash at bank 217,967 95,612
502,921 370,561
CREDITORS
Amounts falling due within one year 8 307,387 183,553
NET CURRENT ASSETS 195,534 187,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,877

263,087

CREDITORS
Amounts falling due after more than one
year

9

89,310

79,510
NET ASSETS 181,567 183,577

CAPITAL AND RESERVES
Called up share capital 47,250 47,250
Retained earnings 134,317 136,327
SHAREHOLDERS' FUNDS 181,567 183,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 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.

PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

BALANCE SHEET - continued
23 JUNE 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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:




Mr C M Roberts - Director



Mrs P A Ross - Director


PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2023


1. STATUTORY INFORMATION

Port Dinorwic Yacht Harbour Residential Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03150091

Registered office: Glaslyn
Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Port Dinorwic Yacht Harbour Residential Estate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on reducing balance, not provided and in year of acquisition other than £1

Tangible fixed assets are stated at cost less depreciation. The Directors review assets annually for any impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 23 JUNE 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 24 June 2022
and 23 June 2023 90,514
DEPRECIATION
At 24 June 2022 14,436
Charge for year 736
At 23 June 2023 15,172
NET BOOK VALUE
At 23 June 2023 75,342
At 23 June 2022 76,078

23.6.2323.6.22

Number of Ground Rents at the beginning of the year11
Number of Ground Rents sold during the year- -
Number of Ground Rents remaining at the end of the year1 1

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 24 June 2022
and 23 June 2023 1
NET BOOK VALUE
At 23 June 2023 1
At 23 June 2022 1

PORT DINORWIC YACHT HARBOUR RESIDENTIAL
ESTATE LIMITED (REGISTERED NUMBER: 03150091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 23 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,316 31,183
Amounts owed by group undertakings 155,336 153,274
Other debtors 14,825 13,186
206,477 197,643

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Fixed term deposits 78,477 77,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,757 960
Taxation and social security 2,366 4,096
Other creditors 303,264 178,497
307,387 183,553

"Trade debtors - credit balances" includes £5,577 credits due under the final 2022/23 service charge certificate (2022 - £1,739).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 89,310 79,510

Deferred government grants are towards future major repairs of the bridge, in connection with the coastal path agreement.

10. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.