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Registration number: 12223614

Oystermouth Properties Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Oystermouth Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Oystermouth Properties Limited

Company Information

Directors

Mr Ian David Lloyd

Mrs Bernadette Marie Lloyd

Registered office

Bronwysg High Street
Sennybridge
Brecon
Wales
Powys
LD3 8PG

 

Oystermouth Properties Limited

(Registration number: 12223614)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

3

1,510,000

1,500,000

Current assets

 

Debtors

4

21,176

17,161

Cash at bank and in hand

 

160,673

169,577

 

181,849

186,738

Creditors: Amounts falling due within one year

5

(455,311)

(423,979)

Net current liabilities

 

(273,462)

(237,241)

Total assets less current liabilities

 

1,236,538

1,262,759

Creditors: Amounts falling due after more than one year

5

(1,310,579)

(1,316,548)

Provisions for liabilities

(79,989)

(78,089)

Net liabilities

 

(154,030)

(131,878)

Capital and reserves

 

Called up share capital

10

10

Revaluation reserve

341,005

332,905

Retained earnings

(495,045)

(464,793)

Shareholders' deficit

 

(154,030)

(131,878)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

 

Oystermouth Properties Limited

(Registration number: 12223614)
Balance Sheet as at 31 May 2024 (continued)

.........................................
Mr Ian David Lloyd
Director

.........................................
Mrs Bernadette Marie Lloyd
Director

 

Oystermouth Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

158

158

Additions

(315)

(315)

Disposals

157

157

At 31 May 2024

-

-

Depreciation

At 1 June 2023

158

158

Eliminated on disposal

(158)

(158)

At 31 May 2024

-

-

Carrying amount

At 31 May 2024

-

-

3

Investment properties

2024
£

At 1 June

1,500,000

Fair value adjustments

10,000

At 31 May

1,510,000

The fair value of the properties at 31st May 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,510,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

 

Oystermouth Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Debtors

Current

2024
£

2023
£

Trade debtors

(1,930)

(3,595)

Prepayments

4,835

7,396

Other debtors

18,271

13,360

 

21,176

17,161

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,993

6,032

Amounts owed to group undertakings and undertakings in which the company has a participating interest

422,151

380,551

Accruals and deferred income

 

8,463

21,656

Other creditors

 

19,704

15,740

 

455,311

423,979

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,310,579

1,316,548