| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| Coeden Helyg Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| Coeden Helyg Limited |
| Coeden Helyg Limited (Registered number: 10997578) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Coeden Helyg Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Old Stables |
| Sutton Manor Farm |
| Bishops Sutton |
| Alresford |
| Hampshire |
| SO24 0AA |
| Coeden Helyg Limited (Registered number: 10997578) |
| Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve - non-distributable |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Coeden Helyg Limited (Registered number: 10997578) |
| Balance Sheet - continued |
| 31 October 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Coeden Helyg Limited (Registered number: 10997578) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| Coeden Helyg Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at 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. |
| Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| 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 and 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 |
| The average number of employees during the year was NIL (2023 - NIL). |
| Coeden Helyg Limited (Registered number: 10997578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| The investment is the 100% share capital of Coeden Helyg Projects Limited. |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2023 |
| and 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| If the investment property had not been revalued it would have been included at a historical cost of £2,061,748 (2023 - £2,061,748). The investment property was valued on an open market basis on 31 October 2024 by the directors. |
| Coeden Helyg Limited (Registered number: 10997578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | - | 20,450 |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Bounce Back Loan Scheme (BBLS) | 10,000 | 10,000 |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Directors' current accounts | 15,005 | - |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more than 5 years |
| Bounce Back Loan Scheme (BBLS) |
| Coeden Helyg Investments Limited loan | 526,403 | 526,403 |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Coeden Helyg Investments Limited loan | 526,403 | 526,403 |
| Repayable by instalments |
| Bank loans more than 5 years | 1,028,410 | 1,052,290 |
| Coeden Helyg Limited (Registered number: 10997578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loans are secured by way of: |
| 1 | Legal mortgage over the investment properties; and |
| 2 | Fixed charge over: |
| (a) | all plant and machinery owned by the company; |
| (b) | all fixtures and fittings attached to the investment properties; |
| (c) | all other chattels of the company located within the investment properties; |
| (d) | all benefits in respect of the insurances including all claims and the refund of any premiums; |
| (e) | all rents receivable from any lease granted of the investment properties; and |
| (f) | all the goodwill of the company's business carried out at the investment properties. |
| The appropriate charges over the investment properties are registered at Companies House. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | ( |
) |
| Unrelieved losses c/f | ( |
) |
| Investment revaluations | 50,313 | 50,313 |
| 57,545 | 50,240 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2023 |
| Accelerated capital allowances | 8,026 |
| Unrelieved losses c/f | (721 | ) |
| Balance at 31 October 2024 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary 'A' | £1 | 1 | 1 |
| Ordinary 'B' | £1 | 1 | 1 |
| 2 | 2 |
| The Ordinary 'A' shares and Ordinary 'B' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion. |
| Coeden Helyg Limited (Registered number: 10997578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 13. | RELATED PARTY DISCLOSURES |
| Coeden Helyg Investments Limited |
| Mrs R Reid and Mr A Reid are directors |
| During the period under review Coeden Helyg Investments Limited received management fee income amounting to £25,000 (2023 - £80,000). |
| Amounts owed to/(from) related parties at the balance sheet date: | 2024 | 2023 |
| £ | £ |
| Mrs R Reid - director | - | - |
| Mr A Reid - director | 15,005 | (20,450 | ) |
| Coeden Helyg Investments Limited | 526,403 | 526,403 |