REGISTERED NUMBER: |
Pontcanna Development Ltd |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
REGISTERED NUMBER: |
Pontcanna Development Ltd |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
Pontcanna Development Ltd (Registered number: 07079951) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Pontcanna Development Ltd |
Company Information |
for the Year Ended 31 January 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Pontcanna Development Ltd (Registered number: 07079951) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
Pontcanna Development Ltd (Registered number: 07079951) |
Balance Sheet - continued |
31 January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Pontcanna Development Ltd (Registered number: 07079951) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | Statutory information |
Pontcanna Development Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Investment property |
Included in fair value of investment property is freehold land of £1,100,000 (2023 - £1,100,000) which is not depreciated. |
Going concern |
As at 31 January 2024 the company was reporting net current liabilities of £171,336 (2023 - £154,651) |
Included within creditors is £142,915 (2023 - £144,015) owed by the company to the director. The director has confirmed he will not seek repayment of this loan until such time as the company has sufficient funds available. |
Based on the above these accounts have been prepared on a going concern basis. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
machinery |
£ |
Cost |
At 1 February 2023 |
and 31 January 2024 |
Depreciation |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
Pontcanna Development Ltd (Registered number: 07079951) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 February 2023 |
and 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
Included in fair value of investment property is freehold land of £ 1,100,000 (2023 - £ 1,100,000 ) which is not depreciated. |
Fair value at 31 January 2024 is represented by: |
£ |
Valuation in 2024 | 1,100,000 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Trade creditors |
Tax |
VAT | 1,272 | 303 |
Other creditors |
Directors' current accounts | 142,915 | 144,015 |
Accrued expenses |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Other loans - 1-2 years | 6,000 | 6,000 |
Other loans - 2-5 years | 2,000 | 8,000 |
Pontcanna Development Ltd (Registered number: 07079951) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | Creditors: amounts falling due after more than one year - continued |
2024 | 2023 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 424,600 | 442,400 |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
. |
10. | Directors' advances, credits and guarantees |
The following amounts owed a director subsisted during the years ended 31 January 2024 and 31 January 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
No interest is charged on this loan and there is no fixed date of repayment. |
11. | Ultimate controlling party |
The ultimate controlling party is |