0 01/01/2024 31/12/2024 2024-12-31 true false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07701680 2024-01-01 2024-12-31 07701680 2024-12-31 07701680 2023-12-31 07701680 2023-01-01 2023-12-31 07701680 2023-12-31 07701680 2022-12-31 07701680 core:PlantMachinery 2024-01-01 2024-12-31 07701680 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 07701680 bus:RegisteredOffice 2024-01-01 2024-12-31 07701680 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 07701680 bus:Director1 2024-01-01 2024-12-31 07701680 bus:Director2 2024-01-01 2024-12-31 07701680 bus:Director3 2024-01-01 2024-12-31 07701680 core:PlantMachinery 2023-12-31 07701680 core:FurnitureFittingsToolsEquipment 2023-12-31 07701680 core:LandBuildings 2024-12-31 07701680 core:PlantMachinery 2024-12-31 07701680 core:FurnitureFittingsToolsEquipment 2024-12-31 07701680 core:WithinOneYear 2024-12-31 07701680 core:WithinOneYear 2023-12-31 07701680 core:AfterOneYear 2024-12-31 07701680 core:AfterOneYear 2023-12-31 07701680 core:ShareCapital 2024-12-31 07701680 core:ShareCapital 2023-12-31 07701680 core:RetainedEarningsAccumulatedLosses 2024-12-31 07701680 core:RetainedEarningsAccumulatedLosses 2023-12-31 07701680 core:LandBuildings 2023-12-31 07701680 core:PlantMachinery 2023-12-31 07701680 core:FurnitureFittingsToolsEquipment 2023-12-31 07701680 bus:SmallEntities 2024-01-01 2024-12-31 07701680 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07701680 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07701680 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07701680 bus:FullAccounts 2024-01-01 2024-12-31 07701680 core:OtherRelatedParties 2024-01-01 2024-12-31
Company registration number: 07701680
Calon Coch Cyfyngedig
Unaudited filleted financial statements
31 December 2024
Calon Coch Cyfyngedig
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Calon Coch Cyfyngedig
Directors and other information
Directors D Ll Hughes
I O Hughes
L M Wiegand
Company number 07701680
Registered office The Old Vicarage Ffordd y Pentre
Nercwys
Flintshire
CH7 4EL
Accountants Hill & Roberts
1 Tan y Castell
Dog Lane
Ruthin
Denbighshire
LL15 1DQ
Calon Coch Cyfyngedig
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 821,173 844,036
_______ _______
821,173 844,036
Current assets
Debtors 5 73,447 98,000
Cash at bank and in hand 2,706 4,596
_______ _______
76,153 102,596
Creditors: amounts falling due
within one year 6 ( 652,683) ( 670,180)
_______ _______
Net current liabilities ( 576,530) ( 567,584)
_______ _______
Total assets less current liabilities 244,643 276,452
Creditors: amounts falling due
after more than one year 7 ( 335,081) ( 335,521)
Provisions for liabilities ( 17,377) ( 23,093)
_______ _______
Net liabilities ( 107,815) ( 82,162)
_______ _______
Capital and reserves
Called up share capital 3 3
Profit and loss account ( 107,818) ( 82,165)
_______ _______
Shareholders deficit ( 107,815) ( 82,162)
_______ _______
For the 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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 August 2025 , and are signed on behalf of the board by:
L M Wiegand
Director
Company registration number: 07701680
Calon Coch Cyfyngedig
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is The Old Vicarage Ffordd y Pentre, Nercwys, Flintshire, CH7 4EL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The statement of financial position shows net liabilities at the end of the financial year. The accounts have been prepared under the going concern basis because of the continued support of the directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Freehold and leasehold properties Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 January 2024 and 31 December 2024 751,665 5,746 117,033 874,444
_______ _______ _______ _______
Depreciation
At 1 January 2024 - 1,149 29,259 30,408
Charge for the year - 919 21,944 22,863
_______ _______ _______ _______
At 31 December 2024 - 2,068 51,203 53,271
_______ _______ _______ _______
Carrying amount
At 31 December 2024 751,665 3,678 65,830 821,173
_______ _______ _______ _______
At 31 December 2023 751,665 4,597 87,774 844,036
_______ _______ _______ _______
5. Debtors
2024 2023
£ £
Other debtors 73,447 98,000
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 441 71
Trade creditors 433 -
Social security and other taxes - 280
Other creditors 651,809 669,829
_______ _______
652,683 670,180
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 335,081 335,521
_______ _______
8. Related party transactions
At the year end a balance of £650,495 (2023: £668,995) was owed to the directors. At the start of the year there was an outstanding balance of £98,000 on the interest free loan made to Hadron International Ltd, a company in which Dafydd Hughes (director) has controlling interest. Repayments totalling £25,000 were made in the year leaving a balance of £73,000 (2023: £98,000).