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REGISTERED NUMBER: 10997578 (England and Wales)












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: Mrs R M Reid
A H Reid





REGISTERED OFFICE: Wangfield House
Wangfield Lane
Curdridge
Southampton
Hampshire
SO32 2DA





REGISTERED NUMBER: 10997578 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
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 44,317 2,611
Investments 5 1 1
Investment property 6 2,263,000 2,263,000
2,307,318 2,265,612

CURRENT ASSETS
Debtors 7 356 22,035
Cash at bank 25,532 37,590
25,888 59,625
CREDITORS
Amounts falling due within one year 8 64,709 57,275
NET CURRENT (LIABILITIES)/ASSETS (38,821 ) 2,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,268,497

2,267,962

CREDITORS
Amounts falling due after more than one
year

9

(1,679,171

)

(1,698,938

)

PROVISIONS FOR LIABILITIES 11 (57,545 ) (50,240 )
NET ASSETS 531,781 518,784

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve - non-distributable 150,939 150,939
Retained earnings 380,840 367,843
SHAREHOLDERS' FUNDS 531,781 518,784

Coeden Helyg Limited (Registered number: 10997578)

Balance Sheet - continued
31 October 2024


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 30 June 2025 and were signed on its behalf by:





Mrs R M Reid - Director


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 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 consideration received or receivable, excluding discounts, rebates 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.
Motor vehicles - 25% reducing balance basis
Computer equipment - 25% on cost

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 4,455 209 4,664
Additions 59,018 - 59,018
Disposals (4,455 ) - (4,455 )
At 31 October 2024 59,018 209 59,227
DEPRECIATION
At 1 November 2023 1,949 104 2,053
Charge for year 14,754 52 14,806
Eliminated on disposal (1,949 ) - (1,949 )
At 31 October 2024 14,754 156 14,910
NET BOOK VALUE
At 31 October 2024 44,264 53 44,317
At 31 October 2023 2,506 105 2,611

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 1
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

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 2,263,000
NET BOOK VALUE
At 31 October 2024 2,263,000
At 31 October 2023 2,263,000

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 - 1,585
Directors' current accounts - 20,450
Prepayments and accrued income 356 -
356 22,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,200 25,200
Bounce Back Loan Scheme (BBLS) 10,000 10,000
Hire purchase contracts 9,083 -
Trade creditors 1,586 -
Corporation tax - 20,275
Directors' current accounts 15,005 -
Accruals and deferred income 3,835 1,800
64,709 57,275

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 25,200 25,200
Bank loans - 2-5 years 75,600 75,600
Bank loans more than 5 years 1,028,410 1,052,290
Bounce Back Loan Scheme (BBLS) 9,167 19,445
Coeden Helyg Investments Limited loan 526,403 526,403
Hire purchase contracts 14,391 -
1,679,171 1,698,938

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 1,154,410 1,178,290

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 7,953 (73 )
Unrelieved losses c/f (721 ) -
Investment revaluations 50,313 50,313
57,545 50,240

Deferred
tax
£   
Balance at 1 November 2023 50,240
Accelerated capital allowances 8,026
Unrelieved losses c/f (721 )
Balance at 31 October 2024 57,545

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 'A' £1 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