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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
Page
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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
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Poplars Pontlliw Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
1,404,436 
746,260 
Debtors
65,339 
6,922 
Cash at bank and in hand
623 
3,578 
1,470,398 
756,760 
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)
Capital and reserves
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
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Poplars Pontlliw Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
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.
Going concern
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.
Charges
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)
4
Inventories
2023 
2022 
£ 
£ 
Work in progress
1,404,436 
746,260 
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
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Poplars Pontlliw Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
206 
6,822 
Amounts due from group undertakings etc.
65,033 
- 
Other debtors
100 
100 
65,339 
6,922 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
211,087 
39,384 
Accruals
100,000 
2,000 
311,087 
41,384 
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 
1,196,126 
734,225 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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