IRIS Accounts Production v24.1.0.578 04976344 Board of Directors 31.3.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049763442022-03-30049763442023-03-31049763442022-03-312023-03-31049763442021-03-31049763442021-04-012022-03-30049763442022-03-3004976344ns15:EnglandWales2022-03-312023-03-3104976344ns14:PoundSterling2022-03-312023-03-3104976344ns10:Director12022-03-312023-03-3104976344ns10:PrivateLimitedCompanyLtd2022-03-312023-03-3104976344ns10:SmallEntities2022-03-312023-03-3104976344ns10:AuditExempt-NoAccountantsReport2022-03-312023-03-3104976344ns10:SmallCompaniesRegimeForDirectorsReport2022-03-312023-03-3104976344ns10:SmallCompaniesRegimeForAccounts2022-03-312023-03-3104976344ns10:FullAccounts2022-03-312023-03-3104976344ns10:Director22022-03-312023-03-3104976344ns10:CompanySecretary12022-03-312023-03-3104976344ns10:RegisteredOffice2022-03-312023-03-3104976344ns5:CurrentFinancialInstruments2023-03-3104976344ns5:CurrentFinancialInstruments2022-03-3004976344ns5:Non-currentFinancialInstruments2023-03-3104976344ns5:Non-currentFinancialInstruments2022-03-3004976344ns5:ShareCapital2023-03-3104976344ns5:ShareCapital2022-03-3004976344ns5:RetainedEarningsAccumulatedLosses2023-03-3104976344ns5:RetainedEarningsAccumulatedLosses2022-03-3004976344ns5:LandBuildings2022-03-3004976344ns5:PlantMachinery2022-03-3004976344ns5:LandBuildings2022-03-312023-03-3104976344ns5:PlantMachinery2022-03-312023-03-3104976344ns5:LandBuildings2023-03-3104976344ns5:PlantMachinery2023-03-3104976344ns5:LandBuildings2022-03-3004976344ns5:PlantMachinery2022-03-3004976344ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104976344ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3004976344ns5:Secured2023-03-3104976344ns5:Secured2022-03-3004976344ns5:DeferredTaxation2022-03-3004976344ns5:DeferredTaxation2022-03-312023-03-3104976344ns5:DeferredTaxation2023-03-31049763441ns10:Director12022-03-30049763441ns10:Director12021-03-31049763441ns10:Director12022-03-312023-03-31049763441ns10:Director12021-04-012022-03-30049763441ns10:Director12023-03-31049763441ns10:Director12022-03-3004976344ns10:Director222022-03-3004976344ns10:Director222021-03-3104976344ns10:Director222022-03-312023-03-3104976344ns10:Director222021-04-012022-03-3004976344ns10:Director222023-03-3104976344ns10:Director222022-03-30
REGISTERED NUMBER: 04976344 (England and Wales)















MYNYDD DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31ST MARCH 2022 TO 31ST MARCH 2023






MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2022 TO 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MYNYDD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31ST MARCH 2022 TO 31ST MARCH 2023







DIRECTORS: A J Ward
P L Morgan





SECRETARY: Mr. A J Ward





REGISTERED OFFICE: 31a Coronation Road
Birchgrove
Cardiff
CF14 4QY





REGISTERED NUMBER: 04976344 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 505,609

CURRENT ASSETS
Debtors 5 182,192 -
Cash at bank 290 2,247
182,482 2,247
CREDITORS
Amounts falling due within one year 6 42,578 81,903
NET CURRENT ASSETS/(LIABILITIES) 139,904 (79,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,904

425,953

CREDITORS
Amounts falling due after more than one
year

7

-

(418,474

)

PROVISIONS FOR LIABILITIES 9 - (360 )
NET ASSETS 139,904 7,119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,804 7,019
139,904 7,119

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2024 and were signed on its behalf by:





A J Ward - Director


MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2022 TO 31ST MARCH 2023

1. STATUTORY INFORMATION

Mynydd Developments 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.

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 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
Land and buildings are not depreciated due to the assets useful economic life being so long and the residual value so high, that the depreciation charge and the accumulated depreciation are not material.
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Furniture and Fittings 25% straight line

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 2 (2022 - 2 ) .

MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2022 TO 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31st March 2022 503,714 2,886 506,600
Disposals (503,714 ) (2,886 ) (506,600 )
At 31st March 2023 - - -
DEPRECIATION
At 31st March 2022 - 991 991
Eliminated on disposal - (991 ) (991 )
At 31st March 2023 - - -
NET BOOK VALUE
At 31st March 2023 - - -
At 30th March 2022 503,714 1,895 505,609

Included in cost of land and buildings is freehold land of £ 503,714 (2022 - £ 503,714 ) which is not depreciated.

The properties are held as investments and are therefore shown at cost. All properties were disposed of during the 2023 accounting period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 182,192 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,496 13,496
Taxation and social security 26,202 216
Other creditors 2,880 68,191
42,578 81,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 418,474

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 418,474

MYNYDD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04976344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2022 TO 31ST MARCH 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 360

Deferred
tax
£   
Balance at 31st March 2022 360
Provided during period (360 )
Balance at 31st March 2023 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31st March 2023 and 30th March 2022:

2023 2022
£    £   
A J Ward
Balance outstanding at start of period 24,511 32,560
Amounts advanced 19,645 -
Amounts repaid (136,445 ) (8,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (92,289 ) 24,511

P L Morgan
Balance outstanding at start of period 38,180 38,180
Amounts repaid (128,083 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (89,903 ) 38,180

11. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.