Company Registration No. 12895880 (England and Wales)
Poplars Pontlliw Limited
Unaudited accounts
for the year ended 30 November 2023
Poplars Pontlliw Limited
Unaudited accounts
Contents
Poplars Pontlliw Limited
Company Information
for the year ended 30 November 2023
Directors
Gethin Edwards
Sally Edwards
Company Number
12895880 (England and Wales)
Registered Office
Embassy Offices Stangate House
Stanwell Road
Penarth
CF64 2AA
Poplars Pontlliw Limited
Statement of financial position
as at 30 November 2023
Inventories
1,404,436
746,260
Cash at bank and in hand
623
3,578
Creditors: amounts falling due within one year
(311,087)
(41,384)
Net current assets
1,159,311
715,376
Total assets less current liabilities
1,159,311
715,376
Creditors: amounts falling due after more than one year
(1,196,126)
(734,225)
Net liabilities
(36,815)
(18,849)
Called up share capital
100
100
Profit and loss account
(36,915)
(18,949)
Shareholders' funds
(36,815)
(18,849)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Gethin Edwards
Director
Company Registration No. 12895880
Poplars Pontlliw Limited
Notes to the Accounts
for the year ended 30 November 2023
Poplars Pontlliw Limited is a private company, limited by shares, registered in England and Wales, registration number 12895880. The registered office is Embassy Offices Stangate House, Stanwell Road, Penarth, CF64 2AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
These accounts have been prepared as a going concern, on the understanding that the directors, shareholders and lenders will continue to financially support the company. Due to the nature of the business being property development it is common for losses to be made until property is sold.
Bath and West Finance 3 Limited holds a fixed and floating charge and a negative pledge dated 20 May 2024 over Poplars Pontlliw Limited on all monies, obligations and liabilities which may be due to Bath and West Finance 3 Limited now and in the future. (charge code 128958800006)
Bath and West Finance 3 Limited holds a fixed and floating charge and a negative pledge dated 20 May 2024 over Poplars Pontlliw Limited on all monies, obligations and liabilities which may be due to Bath and West Finance 3 Limited now and in the future. (charge code 128958800005)
Work in progress
1,404,436
746,260
Included in work in progress is an amount of £93,257, these amounts relate to the
capitalisation of bank loan interest
Poplars Pontlliw Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
65,033
-
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
211,087
39,384
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
779,460
324,000
Amounts owed to group undertakings and other participating interests
416,666
410,225
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).