Acorah Software Products - Accounts Production 16.4.660 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13290313 Mr Liam McGoldrick Mr Liam McGoldrick Mr Sean McGoldrick Mr Tomos McGoldrick Miss Mairead McGoldrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13290313 2024-03-31 13290313 2025-03-31 13290313 2024-04-01 2025-03-31 13290313 frs-core:CurrentFinancialInstruments 2025-03-31 13290313 frs-core:ShareCapital 2025-03-31 13290313 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13290313 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13290313 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13290313 frs-bus:SmallEntities 2024-04-01 2025-03-31 13290313 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13290313 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13290313 frs-bus:Director1 2024-04-01 2025-03-31 13290313 frs-bus:Director2 2024-04-01 2025-03-31 13290313 frs-bus:Director3 2024-04-01 2025-03-31 13290313 frs-bus:Director4 2024-04-01 2025-03-31 13290313 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 13290313 frs-countries:EnglandWales 2024-04-01 2025-03-31 13290313 2023-03-31 13290313 2024-03-31 13290313 2023-04-01 2024-03-31 13290313 frs-core:CurrentFinancialInstruments 2024-03-31 13290313 frs-core:ShareCapital 2024-03-31 13290313 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13290313
Gwent Property Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13290313
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 73,695 95,792
Cash at bank and in hand 3,892 4,036
77,587 99,828
Creditors: Amounts Falling Due Within One Year 5 (11,103 ) (32,786 )
NET CURRENT ASSETS (LIABILITIES) 66,484 67,042
TOTAL ASSETS LESS CURRENT LIABILITIES 66,484 67,042
NET ASSETS 66,484 67,042
CAPITAL AND RESERVES
Called up share capital 6 5 5
Profit and Loss Account 66,479 67,037
SHAREHOLDERS' FUNDS 66,484 67,042
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Liam McGoldrick
Director
10 July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gwent Property Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13290313 . The registered office is Thames Valley House, Albany Street, Newport, NP20 5NJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Debtors
2025 2024
£ £
Due within one year
Other debtors 73,693 95,790
Directors' loan accounts 2 2
73,695 95,792
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax - 21,673
VAT 119 129
Directors' loan accounts 10,984 10,984
11,103 32,786
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5 5
Page 3