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REGISTERED NUMBER: 02185485 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Clwyd Developments Limited

Clwyd Developments Limited (Registered number: 02185485)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clwyd Developments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs S M Jones
D P Jones





SECRETARY: Mrs S M Jones





REGISTERED OFFICE: Clwyd House
Blackwood Business Park
Ash road South
Wrexham
Clwyd
LL13 9UG





REGISTERED NUMBER: 02185485 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Clwyd Developments Limited (Registered number: 02185485)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,300 7,195
Investment property 5 1,220,000 1,230,000
1,226,300 1,237,195

CURRENT ASSETS
Debtors 6 4,782 4,814
Cash at bank 323,464 326,737
328,246 331,551
CREDITORS
Amounts falling due within one year 7 356,615 366,068
NET CURRENT LIABILITIES (28,369 ) (34,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,931

1,202,678

PROVISIONS FOR LIABILITIES 52,534 -
NET ASSETS 1,145,397 1,202,678

CAPITAL AND RESERVES
Called up share capital 238,872 238,872
Revaluation reserve 8 223,962 286,496
Retained earnings 682,563 677,310
SHAREHOLDERS' FUNDS 10 1,145,397 1,202,678

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Clwyd Developments Limited (Registered number: 02185485)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





D P Jones - Director


Clwyd Developments Limited (Registered number: 02185485)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Clwyd Developments 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover represents net invoiced rentals, excluding value added tax derived from its principal activity wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
Investment property is shown at open market value. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

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

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Clwyd Developments Limited (Registered number: 02185485)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 62,381
Additions 1,162
At 31 December 2024 63,543
DEPRECIATION
At 1 January 2024 55,186
Charge for year 2,057
At 31 December 2024 57,243
NET BOOK VALUE
At 31 December 2024 6,300
At 31 December 2023 7,195

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,230,000
Revaluations (10,000 )
At 31 December 2024 1,220,000
NET BOOK VALUE
At 31 December 2024 1,220,000
At 31 December 2023 1,230,000

The properties are stated at fair value as determined by the directors at 31st December 2024
.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2007 263,420
Valuation in 2020 (25,000 )
Valuation in 2021 42,258
Valuation in 2023 5,818
Valuation in 2024 (10,000 )
Cost 943,504
1,220,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 4,782 4,814

Clwyd Developments Limited (Registered number: 02185485)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,954 6,744
Amounts owed to group undertakings 339,141 337,996
Corporation tax 1,416 7,982
VAT 1,829 1,751
Accrued expenses 7,275 11,595
356,615 366,068

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 286,496
Revaluation (10,000 )
Deferred tax adjustment (52,534 )

At 31 December 2024 223,962

9. RELATED PARTY DISCLOSURES

At the Balance Sheet date a net amount of £339,141 (2023 - £337,996) was due to Clwyd Transport Services Limited, a company associated by common shareholders.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.12.24 31.12.23
£    £   
Profit for the financial year 5,253 102,786
Revaluation of investment properties (10,000 ) 78,110
Market value of Invest't property sold - (72,292 )
Deferred tax on revaluatons (52,534 ) -
Net (reduction)/addition to shareholders' funds (57,281 ) 108,604
Opening shareholders' funds 1,202,678 1,094,074
Closing shareholders' funds 1,145,397 1,202,678