Registration number:
Connah Investments Ltd
for the
Year Ended 31 October 2024
Connah Investments Ltd
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Connah Investments Ltd
Company Information
Directors |
S C Joyce R Brown |
Registered office |
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Accountants |
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Connah Investments Ltd
Directors' Report
for the
Year Ended 31 October 2024
The directors present their report and the financial statements for the year ended 31 October 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is property investment
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Connah Investments Ltd
(Registration number:
09813203
)
Balance Sheet
as at
31 October 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
4 |
4 |
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Retained earnings |
(11,428) |
3,665 |
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Shareholders' (deficit)/funds |
(11,424) |
3,669 |
For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Connah Investments Ltd
(Registration number:
09813203
)
Balance Sheet
as at
31 October 2024
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Connah Investments Ltd
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Connah Investments Ltd
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Freehold property is not depreciated. Freehold buildings are maintained to ensure their value does not diminish over time. The maintenance costs are charged to the Profit and Loss Account in the year incurred. In the opinion of the directors depreciation would be immaterial and therefore has not been charged. The directors consider the valuation of freehold property on a regular basis and any permanent diminution of value would be provided in full.
Asset class |
Depreciation method and rate |
Freehold property |
0% |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Connah Investments Ltd
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 November 2023 |
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Additions |
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At 31 October 2024 |
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Depreciation |
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Carrying amount |
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At 31 October 2024 |
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At 31 October 2023 |
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Included within the net book value of land and buildings above is £1,881,719 (2023 - £1,417,438) in respect of freehold land and buildings.
Debtors |
Current |
2024 |
2023 |
Other debtors |
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Connah Investments Ltd
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
( |
- |
Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Other non-current financial liabilities |
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Creditors include bank loans and net obligations which are secured of £959,674 (2022 - £959,837).
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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4 |
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4 |
Connah Investments Ltd
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Loans and borrowings |
2024 |
2023 |
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Non-current loans and borrowings |
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Bank borrowings |
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Related party transactions |
Included in creditors: amounts falling due after more than one year, is £202,555 (2023: £254,205) owing to The Big Property Sale Limited and £483,682 (2023: £168,362) owing to Connah Construction Limited, both companies under common control.
Included in debtors is £3,637 (2023: £3,637) owing by Connah Construction One Ltd, a company under common control.