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REGISTERED NUMBER: 00530032 (England and Wales)










Pendower Development
Co.(Llandudno)Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Pendower Development
Co.(Llandudno)Limited (Registered number: 00530032)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pendower Development
Co.(Llandudno)Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs S L Moss
Mr P D Webster
Ms N E Brown
Mrs N S Collins





SECRETARY: Ms N E Brown





REGISTERED OFFICE: Park Cottage Gannock Park
Deganwy
North Wales
Conwy
LL31 9PZ





REGISTERED NUMBER: 00530032 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Pendower Development
Co.(Llandudno)Limited (Registered number: 00530032)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 461 663
Investments 5 427,188 406,922
Investment property 6 433,464 433,464
861,113 841,049

CURRENT ASSETS
Debtors 7 11,446 3,819
Cash at bank and in hand 29,391 66,970
40,837 70,789
CREDITORS
Amounts falling due within one year 8 1,112 1,732
NET CURRENT ASSETS 39,725 69,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,838

910,106

PROVISIONS FOR LIABILITIES 33,426 24,294
NET ASSETS 867,412 885,812

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 109,597 94,239
Other reserves 368,955 368,955
Retained earnings 388,760 422,518
867,412 885,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




Ms N E Brown - Director


Pendower Development
Co.(Llandudno)Limited (Registered number: 00530032)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Pendower Development Co.(Llandudno)Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Pendower Development
Co.(Llandudno)Limited (Registered number: 00530032)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 6,107
DEPRECIATION
At 1 April 2023 5,444
Charge for year 202
At 31 March 2024 5,646
NET BOOK VALUE
At 31 March 2024 461
At 31 March 2023 663

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 406,922
Additions 33,052
Disposals (34,949 )
Revaluations 22,163
At 31 March 2024 427,188
NET BOOK VALUE
At 31 March 2024 427,188
At 31 March 2023 406,922

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2020 33,469
Valuation in 2021 86,015
Valuation in 2022 56,676
Valuation in 2023 (57,812 )
Valuation in 2024 22,163
Cost 286,677
427,188

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 433,464
NET BOOK VALUE
At 31 March 2024 433,464
At 31 March 2023 433,464

Pendower Development
Co.(Llandudno)Limited (Registered number: 00530032)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. INVESTMENT PROPERTY - continued


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,446 3,819

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 587
Other creditors 1,112 1,145
1,112 1,732

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 94,239
Transfer between funds 15,358

At 31 March 2024 109,597