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Company Registration No. 02014339 (England and Wales)
Plasnewydd Residential Homes Limited Unaudited accounts for the year ended 30 September 2024
Plasnewydd Residential Homes Limited Unaudited accounts Contents
Page
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Plasnewydd Residential Homes Limited Company Information for the year ended 30 September 2024
Directors
Dr M Baig Mrs T Baig Mrs S Ahmed Dr J Rehman Mrs R Rehman
Secretary
Dr J Rehman
Company Number
02014339 (England and Wales)
Registered Office
Cefn Coed Merthyr Tydfil CF48 2PR
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Plasnewydd Residential Homes Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
523,028 
510,151 
Current assets
Inventories
11,693 
10,282 
Debtors
8,258 
3,299 
Cash at bank and in hand
468,194 
412,338 
488,145 
425,919 
Creditors: amounts falling due within one year
(105,792)
(100,069)
Net current assets
382,353 
325,850 
Net assets
905,381 
836,001 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
905,281 
835,901 
Shareholders' funds
905,381 
836,001 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Dr M Baig Director Company Registration No. 02014339
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Plasnewydd Residential Homes Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Plasnewydd Residential Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 02014339. The registered office is Cefn Coed, Merthyr Tydfil, CF48 2PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Plasnewydd Residential Homes Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
444,810 
346,953 
791,763 
Additions
- 
36,768 
36,768 
At 30 September 2024
444,810 
383,721 
828,531 
Depreciation
At 1 October 2023
8,896 
272,716 
281,612 
Charge for the year
4,448 
19,443 
23,891 
At 30 September 2024
13,344 
292,159 
305,503 
Net book value
At 30 September 2024
431,466 
91,562 
523,028 
At 30 September 2023
435,914 
74,237 
510,151 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,258 
3,299 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,036 
8,028 
Taxes and social security
87,960 
81,245 
Loans from directors
10,796 
10,796 
105,792 
100,069 
7
Average number of employees
During the year the average number of employees was 41 (2023: 41).
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