2023-01-012023-12-312023-12-31false03688935RHEIDOL DEVELOPMENTS LTD.2024-08-1568100iso4217:GBPxbrli:pure036889352023-01-01036889352023-12-31036889352023-01-012023-12-31036889352022-01-01036889352022-12-31036889352022-01-012022-12-3103688935bus:SmallEntities2023-01-012023-12-3103688935bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3103688935bus:FullAccounts2023-01-012023-12-3103688935bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103688935core:WithinOneYear2023-12-3103688935core:AfterOneYear2023-12-3103688935core:WithinOneYear2022-12-3103688935core:AfterOneYear2022-12-3103688935core:ShareCapital2023-12-3103688935core:SharePremium2023-12-3103688935core:RevaluationReserve2023-12-3103688935core:OtherReservesSubtotal2023-12-3103688935core:RetainedEarningsAccumulatedLosses2023-12-3103688935core:ShareCapital2022-12-3103688935core:SharePremium2022-12-3103688935core:RevaluationReserve2022-12-3103688935core:OtherReservesSubtotal2022-12-3103688935core:RetainedEarningsAccumulatedLosses2022-12-3103688935core:LandBuildings2023-12-3103688935core:PlantMachinery2023-12-3103688935core:Vehicles2023-12-3103688935core:FurnitureFittings2023-12-3103688935core:OfficeEquipment2023-12-3103688935core:NetGoodwill2023-12-3103688935core:IntangibleAssetsOtherThanGoodwill2023-12-3103688935core:ListedExchangeTraded2023-12-3103688935core:UnlistedNon-exchangeTraded2023-12-3103688935core:LandBuildings2022-12-3103688935core:PlantMachinery2022-12-3103688935core:Vehicles2022-12-3103688935core:FurnitureFittings2022-12-3103688935core:OfficeEquipment2022-12-3103688935core:NetGoodwill2022-12-3103688935core:IntangibleAssetsOtherThanGoodwill2022-12-3103688935core:ListedExchangeTraded2022-12-3103688935core:UnlistedNon-exchangeTraded2022-12-3103688935core:LandBuildings2023-01-012023-12-3103688935core:PlantMachinery2023-01-012023-12-3103688935core:Vehicles2023-01-012023-12-3103688935core:FurnitureFittings2023-01-012023-12-3103688935core:OfficeEquipment2023-01-012023-12-3103688935core:NetGoodwill2023-01-012023-12-3103688935core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103688935core:ListedExchangeTraded2023-01-012023-12-3103688935core:UnlistedNon-exchangeTraded2023-01-012023-12-3103688935core:MoreThanFiveYears2023-01-012023-12-3103688935core:Non-currentFinancialInstruments2023-12-3103688935core:Non-currentFinancialInstruments2022-12-3103688935dpl:CostSales2023-01-012023-12-3103688935dpl:DistributionCosts2023-01-012023-12-3103688935core:LandBuildings2023-01-012023-12-3103688935core:PlantMachinery2023-01-012023-12-3103688935core:Vehicles2023-01-012023-12-3103688935core:FurnitureFittings2023-01-012023-12-3103688935core:OfficeEquipment2023-01-012023-12-3103688935dpl:AdministrativeExpenses2023-01-012023-12-3103688935core:NetGoodwill2023-01-012023-12-3103688935core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103688935dpl:GroupUndertakings2023-01-012023-12-3103688935dpl:ParticipatingInterests2023-01-012023-12-3103688935dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3103688935core:ListedExchangeTraded2023-01-012023-12-3103688935dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3103688935core:UnlistedNon-exchangeTraded2023-01-012023-12-3103688935dpl:CostSales2022-01-012022-12-3103688935dpl:DistributionCosts2022-01-012022-12-3103688935core:LandBuildings2022-01-012022-12-3103688935core:PlantMachinery2022-01-012022-12-3103688935core:Vehicles2022-01-012022-12-3103688935core:FurnitureFittings2022-01-012022-12-3103688935core:OfficeEquipment2022-01-012022-12-3103688935dpl:AdministrativeExpenses2022-01-012022-12-3103688935core:NetGoodwill2022-01-012022-12-3103688935core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3103688935dpl:GroupUndertakings2022-01-012022-12-3103688935dpl:ParticipatingInterests2022-01-012022-12-3103688935dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3103688935core:ListedExchangeTraded2022-01-012022-12-3103688935dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3103688935core:UnlistedNon-exchangeTraded2022-01-012022-12-3103688935core:NetGoodwill2023-12-3103688935core:IntangibleAssetsOtherThanGoodwill2023-12-3103688935core:LandBuildings2023-12-3103688935core:PlantMachinery2023-12-3103688935core:Vehicles2023-12-3103688935core:FurnitureFittings2023-12-3103688935core:OfficeEquipment2023-12-3103688935core:AfterOneYear2023-12-3103688935core:WithinOneYear2023-12-3103688935core:ListedExchangeTraded2023-12-3103688935core:UnlistedNon-exchangeTraded2023-12-3103688935core:ShareCapital2023-12-3103688935core:SharePremium2023-12-3103688935core:RevaluationReserve2023-12-3103688935core:OtherReservesSubtotal2023-12-3103688935core:RetainedEarningsAccumulatedLosses2023-12-3103688935core:NetGoodwill2022-12-3103688935core:IntangibleAssetsOtherThanGoodwill2022-12-3103688935core:LandBuildings2022-12-3103688935core:PlantMachinery2022-12-3103688935core:Vehicles2022-12-3103688935core:FurnitureFittings2022-12-3103688935core:OfficeEquipment2022-12-3103688935core:AfterOneYear2022-12-3103688935core:WithinOneYear2022-12-3103688935core:ListedExchangeTraded2022-12-3103688935core:UnlistedNon-exchangeTraded2022-12-3103688935core:ShareCapital2022-12-3103688935core:SharePremium2022-12-3103688935core:RevaluationReserve2022-12-3103688935core:OtherReservesSubtotal2022-12-3103688935core:RetainedEarningsAccumulatedLosses2022-12-3103688935core:NetGoodwill2022-01-0103688935core:IntangibleAssetsOtherThanGoodwill2022-01-0103688935core:LandBuildings2022-01-0103688935core:PlantMachinery2022-01-0103688935core:Vehicles2022-01-0103688935core:FurnitureFittings2022-01-0103688935core:OfficeEquipment2022-01-0103688935core:AfterOneYear2022-01-0103688935core:WithinOneYear2022-01-0103688935core:ListedExchangeTraded2022-01-0103688935core:UnlistedNon-exchangeTraded2022-01-0103688935core:ShareCapital2022-01-0103688935core:SharePremium2022-01-0103688935core:RevaluationReserve2022-01-0103688935core:OtherReservesSubtotal2022-01-0103688935core:RetainedEarningsAccumulatedLosses2022-01-0103688935core:AfterOneYear2023-01-012023-12-3103688935core:WithinOneYear2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103688935core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3103688935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3103688935core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3103688935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3103688935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3103688935bus:Director12023-01-012023-12-3103688935bus:Director22023-01-012023-12-3103688935core:FurnitureFittingsToolsEquipment2022-12-3103688935core:FurnitureFittingsToolsEquipment2023-01-012023-12-3103688935core:FurnitureFittingsToolsEquipment2023-12-31

RHEIDOL DEVELOPMENTS LTD.

Registered Number
03688935
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RHEIDOL DEVELOPMENTS LTD.
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

JONES, Ian Alexander
JONES, Ruth Margaret

Company Secretary

JONES, Ruth Margaret

Registered Address

The Old Convent
Llanbadarn Road
Aberystwyth
SY23 1WX

Registered Number

03688935 (England and Wales)
RHEIDOL DEVELOPMENTS LTD.
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid9,9989,998
Fixed assets
Tangible assets31,011,7431,029,596
1,011,7431,029,596
Current assets
Stocks41,864,9601,531,427
Debtors107,602124,589
Cash at bank and on hand292,015773,608
2,264,5772,429,624
Creditors amounts falling due within one year5(199,945)(278,124)
Net current assets (liabilities)2,074,6302,161,498
Total assets less current liabilities3,086,3733,191,094
Creditors amounts falling due after one year6(763,011)(934,667)
Net assets2,323,3622,256,427
Capital and reserves
Called up share capital10,00010,000
Profit and loss account2,313,3622,246,427
Shareholders' funds2,323,3622,256,427
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
JONES, Ian Alexander
Director
Registered Company No. 03688935
RHEIDOL DEVELOPMENTS LTD.
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year55
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 January 23909,367221,63056,91615,9311,203,844
Additions-22,800--22,800
At 31 December 23909,367244,43056,91615,9311,226,644
Depreciation and impairment
At 01 January 23-141,20120,89812,149174,248
Charge for year-27,89711,3831,37340,653
At 31 December 23-169,09832,28113,522214,901
Net book value
At 31 December 23909,36775,33224,6352,4091,011,743
At 31 December 22909,36780,42936,0183,7821,029,596
4.Stocks

2023

2022

££
Work in progress1,864,9601,531,427
Total1,864,9601,531,427
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables8,05940,791
Bank borrowings and overdrafts10,00010,000
Taxation and social security27,49346,998
Finance lease and HP contracts11,00011,000
Other creditors140,308166,284
Accrued liabilities and deferred income3,0853,051
Total199,945278,124
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts15,83325,000
Amounts owed to related parties180,000230,000
Other creditors567,178679,667
Total763,011934,667
7.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts17,17829,667
8.Related party transactions
Both Directors/Shareholders of Rheidol Developments Ltd are also Directors/Shareholders of Tairllyn Developments Ltd. There is a loan of £180,000 outstanding to Tairllyn Developments Ltd at the year end (2022 - £230,000). One of the Directors, Ian Jones is a Director/Shareholder of Lawrence and Williams Construction Ltd. During the year, Lawrence and Williams Construction Ltd completed most of the build work on the houses sold and in development, all transactions were under normal trading terms and conditions and were charged at full market value.