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Registration number: 04817681

Prepared for the registrar
Llandow Trading Estate Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Llandow Trading Estate Limited

(Registration number: 04817681)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investments | 4 | 1,255,489 | 1,196,446
Current assets |  |  |
Cash at bank and in hand |  | 342 | 843
Creditors: Amounts falling due within one year | 5 | (1,573,381) | (1,611,591)
Net current liabilities |  | (1,573,039) | (1,610,748)
Total assets less current liabilities |  | (317,550) | (414,302)
Provisions | 6 | (392,500) | (392,500)
Net liabilities |  | (710,050) | (806,802)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | (710,052) | (806,804)
Shareholders' deficit |  | (710,050) | (806,802)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 September 2025

C M Hague
Company secretary and director

Llandow Trading Estate Limited

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

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pound Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company is a parent company to a small group. The company has taken advantage of the exemption provided by section 398 of the Companies act 2006 and has not prepared group accounts.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the Company will have sufficient resources to enable it to continue operating as a going concern.
The Company is now a non-trading parent company to its only subsidiary company Robert Thomas Investments Limited. It has no ongoing obligations and its only source of funds is dividends and loans from its subsidiary company, which owns an investment property.
In 2019 the Company’s bankers waived the amount outstanding on a loan. It has however been agreed that the bank will be paid 50% of the value of any disposals of the Subsidiary Company's property in excess of £500,000 to a maximum of £785,000. There is therefore no immediate obligation to repay any further funds to the bank and any commitment to repay is entirely contingent on the subsidiary realising the property.
The company therefore is now reliant only upon the ongoing support of its director. The director has indicated his willingness to continue to provide such support. The financial statements are prepared on the going concern basis on the assumption that such support will continue.

Llandow Trading Estate Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Financial instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends, relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Llandow Trading Estate Limited

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

| 4 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 1,255,489 | 1,196,446

Subsidiaries | £
Cost
At 1 January 2024 | 2,938,634
Provision
At 1 January 2024 | 1,742,188
Provision | (59,043)
At 31 December 2024 | 1,683,145
Carrying amount
At 31 December 2024 | 1,255,489
At 31 December 2023 | 1,196,446

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2024 | 2023
Subsidiary undertakings
Robert Thomas (Investments) Limited | Windsor House Bayshill Road Cheltenham Gloucestershire GL50 3AT England and Wales |
Ordinary
100%
100%

The aggregate amount of capital and reserves of Robert Thomas (Investments) Limited at the end of the period was £1,255,489.

| 5 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7 | 1,569,616 | 1,608,316
Accruals and deferred income |  | 3,465 | 3,275
Other creditors |  | 300 | -
|  | 1,573,381 | 1,611,591

Llandow Trading Estate Limited

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

| 6 | Provisions

| Other provisions £
At 1 January 2024 and 31 December 2024 | 392,500

A provision for amounts payable to the Company’s bankers in respect of debt waived in 2019 in the event that the Company’s subsidiary company realises its freehold property at the value stated in that Company’s balance sheet at 31 December 2024 plus 50% of the cumulative proceeds from part disposals already made since the debt waiver.

| 7 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Director's loan account | 1,569,616 | 1,608,316

| 8 | Related party transactions

Summary of transactions with other related parties

At 31 December 2024, the Company owed £Nil (2023: £Nil) to Robert Thomas (Investments) Limited, the Company's wholly owned subsidiary. During the year, a loan of £47,919 (2023: £39,300) was written off in full.
At 31 December 2024, the Company owed C M Hague, a director of the Company £1,569,616 (2023: £1,608,316). This loan is interest free and repayable upon demand.