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REGISTERED NUMBER: 02554731 (England and Wales)













CLYNE PROPERTY ENTERPRISES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CLYNE PROPERTY ENTERPRISES LIMITED (REGISTERED NUMBER: 02554731)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYNE PROPERTY ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W T Parry
C P Parry
C F Parry





SECRETARY: C P Parry





REGISTERED OFFICE: The Kingsway
Fforestfach Industrial Estate
Forestfach
Swansea
SA5 4AE





REGISTERED NUMBER: 02554731 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

CLYNE PROPERTY ENTERPRISES LIMITED (REGISTERED NUMBER: 02554731)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 885,000 362,625

CURRENT ASSETS
Debtors 5 130,262 117,027
Cash at bank 50,883 454
181,145 117,481
CREDITORS
Amounts falling due within one year 6 566,073 484,394
NET CURRENT LIABILITIES (384,928 ) (366,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES 500,072 (4,288 )

PROVISIONS FOR LIABILITIES 130,594 -
NET ASSETS/(LIABILITIES) 369,478 (4,288 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 369,476 (4,290 )
369,478 (4,288 )

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.

CLYNE PROPERTY ENTERPRISES LIMITED (REGISTERED NUMBER: 02554731)

BALANCE SHEET - continued
31 MARCH 2024


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 15 October 2024 and were signed on its behalf by:




C P Parry - Director



C F Parry - Director


CLYNE PROPERTY ENTERPRISES LIMITED (REGISTERED NUMBER: 02554731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clyne Property Enterprises 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.

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 2 (2023 - 2 ) .

CLYNE PROPERTY ENTERPRISES LIMITED (REGISTERED NUMBER: 02554731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 362,625
Revaluations 522,375
At 31 March 2024 885,000
NET BOOK VALUE
At 31 March 2024 885,000
At 31 March 2023 362,625


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,611 -
Amounts owed by participating interests 94,164 94,164
Other debtors 12,487 22,863
130,262 117,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 540,822 482,834
Other creditors 25,251 1,560
566,073 484,394

7. RELATED PARTY DISCLOSURES

Included in other debtors is an amount owing from Hurns Mineral Water Co. Limited, a company in which the directors' hold a controlling interest, amounting to £94,164 (2023 £94,164) which is unsecured and bears no interest.

Included in other creditors is an amount owing from Hurns Brewing Company Ltd, a company in which the directors' hold a controlling interest, amounting to £61,288 (2023 £1,287) which is unsecured and bears no interest.

Included in other creditors is an amount owing Hurns Beer Co. Limited, a company in which the directors' hold a controlling interest, amounting to £479,534 (2023 481,545) which is unsecured and bears no interest.

8. ULTIMATE CONTROLLING PARTY

The directors' are the ultimate controlling party by way of their 100% shareholding.