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REGISTERED NUMBER: 06331526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SWN Y WYLAN DEVELOPMENTS LIMITED

SWN Y WYLAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06331526)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


SWN Y WYLAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06331526)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,251 353,972

CURRENT ASSETS
Cash at bank 38,310 97,711

CREDITORS
Amounts falling due within one year 5 110,630 111,447
NET CURRENT LIABILITIES (72,320 ) (13,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,931

340,236

CREDITORS
Amounts falling due after more than one
year

6

(27,265

)

(127,640

)

PROVISIONS FOR LIABILITIES (1,403 ) (1,438 )
NET ASSETS 253,263 211,158

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 252,963 210,858
253,263 211,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SWN Y WYLAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06331526)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 26 March 2024 and were signed by:





Ms S R Owen - Director


SWN Y WYLAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06331526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Swn Y Wylan Developments 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: 06331526

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.

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
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

SWN Y WYLAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06331526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 346,401 19,311 365,712
Additions - 5,943 5,943
Disposals - (389 ) (389 )
At 31 August 2023 346,401 24,865 371,266
DEPRECIATION
At 1 September 2022 - 11,740 11,740
Charge for year 3,464 2,027 5,491
Eliminated on disposal - (216 ) (216 )
At 31 August 2023 3,464 13,551 17,015
NET BOOK VALUE
At 31 August 2023 342,937 11,314 354,251
At 31 August 2022 346,401 7,571 353,972

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,832 -
Taxation and social security 13,100 12,227
Other creditors 94,698 99,220
110,630 111,447

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 27,265 127,640