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REGISTERED NUMBER: 12978788 (England and Wales)















Druidstone Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






Druidstone Homes Ltd (Registered number: 12978788)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Druidstone Homes Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R A Regan
N J Regan





REGISTERED OFFICE: Grey Gables Druidstone Road
Old St. Mellons
Cardiff
CF3 6XE





REGISTERED NUMBER: 12978788 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

Druidstone Homes Ltd (Registered number: 12978788)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,436 4,130
Investment property 5 572,519 572,519
574,955 576,649

CURRENT ASSETS
Cash at bank 2,284 4,702

CREDITORS
Amounts falling due within one year 6 560,787 590,418
NET CURRENT LIABILITIES (558,503 ) (585,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,452

(9,067

)

PROVISIONS FOR LIABILITIES 7 463 -
NET ASSETS/(LIABILITIES) 15,989 (9,067 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,889 (9,167 )
SHAREHOLDERS' FUNDS 15,989 (9,067 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 July 2025 and were signed on its behalf by:





R A Regan - Director


Druidstone Homes Ltd (Registered number: 12978788)

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

1. STATUTORY INFORMATION

Druidstone Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company meets its working capital requirements through the ongoing support of its directors. If this support is removed, it may not be appropriate for the financial statements to be prepared on a going concern basis and as such the company's assets and liabilities may have to be restated.

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.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Druidstone Homes Ltd (Registered number: 12978788)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 2,573 4,205 6,778
DEPRECIATION
At 1 November 2023 1,677 971 2,648
Charge for year 643 1,051 1,694
At 31 October 2024 2,320 2,022 4,342
NET BOOK VALUE
At 31 October 2024 253 2,183 2,436
At 31 October 2023 896 3,234 4,130

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 572,519
NET BOOK VALUE
At 31 October 2024 572,519
At 31 October 2023 572,519

The investment property has been valued at fair value by the directors based on recent market transactions for similar properties in the area. An independent valuation was not obtained.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 168 -
Taxation and social security 3,581 -
Other creditors 557,038 590,418
560,787 590,418

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 463 -

Deferred
tax
£   
Charge to Income Statement during year 463
Balance at 31 October 2024 463