Cwmni EOS Property Cyf 13229697 false 2023-02-01 2024-06-30 2024-06-30 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true 13229697 2023-02-01 2024-06-30 13229697 2024-06-30 13229697 core:RetainedEarningsAccumulatedLosses 2024-06-30 13229697 core:RevaluationReserve 2024-06-30 13229697 core:ShareCapital 2024-06-30 13229697 core:CurrentFinancialInstruments 2024-06-30 13229697 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 13229697 core:Non-currentFinancialInstruments 2024-06-30 13229697 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 13229697 bus:SmallEntities 2023-02-01 2024-06-30 13229697 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-06-30 13229697 bus:FullAccounts 2023-02-01 2024-06-30 13229697 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-06-30 13229697 bus:RegisteredOffice 2023-02-01 2024-06-30 13229697 bus:Director1 2023-02-01 2024-06-30 13229697 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-06-30 13229697 countries:EnglandWales 2023-02-01 2024-06-30 13229697 2023-01-31 13229697 2022-02-01 2023-01-31 13229697 2023-01-31 13229697 core:RetainedEarningsAccumulatedLosses 2023-01-31 13229697 core:RevaluationReserve 2023-01-31 13229697 core:ShareCapital 2023-01-31 13229697 core:CurrentFinancialInstruments 2023-01-31 13229697 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13229697 core:Non-currentFinancialInstruments 2023-01-31 13229697 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13229697

Cwmni EOS Property Cyf

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2023 to 30 June 2024

 

Cwmni EOS Property Cyf

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Cwmni EOS Property Cyf

Company Information

Director

Mr Llion Dwyfor Pughe

Registered office

Llety'R Eos
Cemaes
Machynlleth
SY20 8QP

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Cwmni EOS Property Cyf

(Registration number: 13229697)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

660,000

660,000

Current assets

 

Debtors

5

37,932

79,454

Cash at bank and in hand

 

1,543

1,643

 

39,475

81,097

Creditors: Amounts falling due within one year

6

(4,890)

(2,791)

Net current assets

 

34,585

78,306

Total assets less current liabilities

 

694,585

738,306

Creditors: Amounts falling due after more than one year

6

(588,798)

(652,853)

Provisions for liabilities

(16,955)

(16,955)

Net assets

 

88,832

68,498

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

72,283

72,283

Retained earnings

15,549

(4,785)

Shareholders' funds

 

88,832

68,498

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 17 July 2024
 

.........................................
Mr Llion Dwyfor Pughe
Director

 

Cwmni EOS Property Cyf

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Llety'R Eos
Cemaes
Machynlleth
SY20 8QP

These financial statements were authorised for issue by the director on 17 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Cwmni EOS Property Cyf

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 February

660,000

At 30 June

660,000

The fair value of the property at 30th June 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £660,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

5

Debtors

 

Cwmni EOS Property Cyf

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 June 2024 (continued)

5

Debtors (continued)

Current

Note

2024
£

2023
£

Trade debtors

 

(4,725)

(4,725)

Amounts owed by related parties

42,435

83,510

Prepayments

 

222

669

   

37,932

79,454

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

1,486

Taxation and social security

3,585

-

Accruals and deferred income

810

810

Other creditors

495

495

4,890

2,791

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

588,798

652,853

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

177,661

177,637

Other borrowings

411,137

475,216

588,798

652,853