Cloverton Properties (Cilgerran) Limited


Directors	Mr G G Perfect
	Mrs C A Perfect


Company Secretary	Mrs C A Perfect


Registered Address	74 High Street
	Fishguard
	SA65 9AU


Registered Number	01869692 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		49,970		53,599
			49,970		53,599
Current assets
Stocks	4	38,500		35,000
Debtors	5	2,945,140		2,759,890
Cash at bank and on hand		1,525		5,478
		2,985,165		2,800,368
Creditors amounts falling due within one year	6	(2,087,199)		(1,928,240)
Net current assets (liabilities)			897,966		872,128
Total assets less current liabilities			947,936		925,727
Creditors amounts falling due after one year	7		(30,232)		(34,974)
Provisions for liabilities	8		(7,619)		(8,480)
Net assets			910,085		882,273
Capital and reserves
Called up share capital			45,100		45,100
Profit and loss account			864,985		837,173
Shareholders' funds			910,085		882,273

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2025, and are signed on its behalf by:

Mr G G Perfect
Director
Registered Company No. 01869692

Cloverton Properties (Cilgerran) Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	20	-
Fixtures and fittings	25	-

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees
	There were no employees during the years ended 31 March 2024 and 31 March 2023 .


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	195,255
	Additions	5,055
	At 31 March 25	200,310
	Depreciation and impairment
	At 01 April 24	141,656
	Charge for year	8,684
	At 31 March 25	150,340
	Net book value
	At 31 March 25	49,970
	At 31 March 24	53,599

4.	Stocks

	2025	2024
	£	£
Work in progress	38,500	35,000
Total	38,500	35,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	2,927,512	2,727,512
Other debtors	17,628	32,378
Total	2,945,140	2,759,890

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9,667	12,150
Bank borrowings and overdrafts	4,745	4,537
Amounts owed to related parties	91,323	72,123
Taxation and social security	10,268	10,342
Other creditors	1,971,196	1,829,088
Total	2,087,199	1,928,240


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	30,232	34,974
Total	30,232	34,974

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	7,619	8,480
Total	7,619	8,480

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Mr G G Perfect	14,222	0	14,222	0
	14,222	0	14,222	0

10.	Related party transactions
	Tynewydd Developments Limited and Derwydd Garage Limited are related parties of the company due to the common control of the ultimate parent company Good Stewards Limited. During the year the company carried out construction work for Good Stewards Limited to the value of £nil (2024 - £nil). At the balance sheet date the company was owed £270,521 by Good Stewards Limited (2024 - £270,521). During the year the company carried out construction work for Tynewydd Developments Limited to the value of £200,000 (2024 - £135,000). At the balance sheet date the company was owed £2,656,990 by Tynewydd Developments Limited (2024 - £2,456,990). At the balance sheet date the company owed Derwydd Garage Limited £91,323 (2024 - £72,123).

10.

Related party transactions

Tynewydd Developments Limited and Derwydd Garage Limited are related parties of the company due to the common control of the ultimate parent company Good Stewards Limited.  During the year the company carried out construction work for Good Stewards Limited to the value of £nil (2024 - £nil).  At the balance sheet date the company was owed £270,521 by Good Stewards Limited (2024 - £270,521).

During the year the company carried out construction work for Tynewydd Developments Limited to the value of £200,000 (2024 - £135,000).  At the balance sheet date the company was owed £2,656,990 by Tynewydd Developments Limited (2024 - £2,456,990).

At the balance sheet date the company owed Derwydd Garage Limited £91,323 (2024 - £72,123).