IRIS Accounts Production v25.1.4.42 08224288 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082242882023-09-30082242882024-09-30082242882023-10-012024-09-30082242882022-09-30082242882022-10-012023-09-30082242882023-09-3008224288ns15:EnglandWales2023-10-012024-09-3008224288ns14:PoundSterling2023-10-012024-09-3008224288ns10:Director12023-10-012024-09-3008224288ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008224288ns10:SmallEntities2023-10-012024-09-3008224288ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3008224288ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008224288ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008224288ns10:FullAccounts2023-10-012024-09-3008224288ns10:Director22023-10-012024-09-3008224288ns10:CompanySecretary12023-10-012024-09-3008224288ns10:RegisteredOffice2023-10-012024-09-3008224288ns5:CurrentFinancialInstruments2024-09-3008224288ns5:CurrentFinancialInstruments2023-09-3008224288ns5:Non-currentFinancialInstruments2024-09-3008224288ns5:Non-currentFinancialInstruments2023-09-3008224288ns5:ShareCapital2024-09-3008224288ns5:ShareCapital2023-09-3008224288ns5:RetainedEarningsAccumulatedLosses2024-09-3008224288ns5:RetainedEarningsAccumulatedLosses2023-09-3008224288ns5:PlantMachinery2023-10-012024-09-3008224288ns5:MotorVehicles2023-10-012024-09-3008224288ns5:PlantMachinery2023-09-3008224288ns5:MotorVehicles2023-09-3008224288ns5:ComputerEquipment2023-09-3008224288ns5:ComputerEquipment2023-10-012024-09-3008224288ns5:PlantMachinery2024-09-3008224288ns5:MotorVehicles2024-09-3008224288ns5:ComputerEquipment2024-09-3008224288ns5:PlantMachinery2023-09-3008224288ns5:MotorVehicles2023-09-3008224288ns5:ComputerEquipment2023-09-3008224288ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3008224288ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008224288ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30082242881ns10:Director12023-09-30082242881ns10:Director12022-09-30082242881ns10:Director12023-10-012024-09-30082242881ns10:Director12022-10-012023-09-30082242881ns10:Director12024-09-30082242881ns10:Director12023-09-3008224288ns10:Director222023-09-3008224288ns10:Director222022-09-3008224288ns10:Director222023-10-012024-09-3008224288ns10:Director222022-10-012023-09-3008224288ns10:Director222024-09-3008224288ns10:Director222023-09-30
REGISTERED NUMBER: 08224288 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

CELTIC PROPERTY & LETTINGS LTD.

CELTIC PROPERTY & LETTINGS LTD. (REGISTERED NUMBER: 08224288)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

CELTIC PROPERTY & LETTINGS LTD.

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs J A Vers
M Thomas





SECRETARY:





REGISTERED OFFICE: Avarla
Tabernacle Road
Llanvaches
Caldicot
NP26 3BL





REGISTERED NUMBER: 08224288 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

CELTIC PROPERTY & LETTINGS LTD. (REGISTERED NUMBER: 08224288)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,802 112,974

CURRENT ASSETS
Stocks 255,000 296,681
Debtors 5 130,771 114,455
Cash at bank 9,956 5,303
395,727 416,439
CREDITORS
Amounts falling due within one year 6 199,851 215,682
NET CURRENT ASSETS 195,876 200,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,678

313,731

CREDITORS
Amounts falling due after more than one
year

7

(60,383

)

(65,962

)

PROVISIONS FOR LIABILITIES (23,638 ) (23,638 )
NET ASSETS 200,657 224,131

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 200,557 224,031
200,657 224,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 June 2025 and were signed on its behalf by:



Mrs J A Vers - Director


CELTIC PROPERTY & LETTINGS LTD. (REGISTERED NUMBER: 08224288)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Celtic Property & Lettings Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CELTIC PROPERTY & LETTINGS LTD. (REGISTERED NUMBER: 08224288)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 208,453 276,710 9,309 494,472
Additions 19,163 28,800 2,737 50,700
At 30 September 2024 227,616 305,510 12,046 545,172
DEPRECIATION
At 1 October 2023 137,174 240,727 3,597 381,498
Charge for year 34,851 37,263 2,758 74,872
At 30 September 2024 172,025 277,990 6,355 456,370
NET BOOK VALUE
At 30 September 2024 55,591 27,520 5,691 88,802
At 30 September 2023 71,279 35,983 5,712 112,974

Fixed assets, included in the above, which are held under hire purchase contracts:

Plant and Machinery £47,442
Motor Vehicles £20,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 78,492 62,176
Other debtors 52,279 52,279
130,771 114,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 11,736 11,736
Hire purchase contracts 33,968 35,483
Trade creditors 40,908 35,530
Taxation and social security 67,638 59,490
Other creditors 45,601 73,443
199,851 215,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,153 15,493
Hire purchase contracts 54,230 50,469
60,383 65,962

CELTIC PROPERTY & LETTINGS LTD. (REGISTERED NUMBER: 08224288)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mrs J A Vers
Balance outstanding at start of year (73,443 ) (111,324 )
Amounts advanced 267,264 225,482
Amounts repaid (238,874 ) (187,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45,053 ) (73,443 )

M Thomas
Balance outstanding at start of year - -
Amounts advanced 68,943 -
Amounts repaid (69,490 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (547 ) -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Vers.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Celtic Property & Lettings Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Celtic Property & Lettings Ltd. for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Celtic Property & Lettings Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Celtic Property & Lettings Ltd. and state those matters that we have agreed to state to the Board of Directors of Celtic Property & Lettings Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Celtic Property & Lettings Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Celtic Property & Lettings Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Celtic Property & Lettings Ltd.. You consider that Celtic Property & Lettings Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Celtic Property & Lettings Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


16 June 2025