REGISTERED NUMBER: 14115369 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DAVE COTTLE HOMES (LLANRHAEADR) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A W Cottle

Mr P W Cottle

REGISTERED OFFICE:

Civils House

Davy Way

Llay Industrial Estate

Llay

Wrexham

LL12 0PG

REGISTERED NUMBER:

14115369 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

CURRENT ASSETS

Stocks

2,891,949

2,361,087

Debtors

621,693

251

Cash at bank

29,419

7,244

3,543,061

2,368,582

CREDITORS

Amounts falling due within one year

(3,421,133

)

(631,995

)

NET CURRENT ASSETS

121,928

1,736,587

TOTAL ASSETS LESS CURRENT LIABILITIES

121,928

1,736,587

CREDITORS

Amounts falling due after more than one year

-

(1,825,161

)

NET ASSETS/(LIABILITIES)

121,928

(88,574

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

121,927

(88,575

)

SHAREHOLDERS' FUNDS

121,928

(88,574

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2025 and were signed on its behalf by:

Mr P W Cottle - Director

1.	STATUTORY INFORMATION

Dave Cottle Homes (Llanrhaeadr) Ltd 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.

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Management consider that the following have the most significant effect on the amounts recognised in the financial statements:

Carrying value of stock and work in progress and cost of sales recognition - The company carries stock and work in progress at the lower of cost and selling price less costs to complete and sell. Cost of sales is recognised at a site standard cost and any one-off costs are expensed to cost of sales as incurred. The standard cost is based on detailed budgets for the site with the allocation of budgeted costs to individual units.

Due to the nature of property development, the standard cost is affected by a variety of uncertainties including material and labour price fluctuations, delays and unforeseen build issues. The level of judgement required is increased during periods of volatility.

Turnover

Turnover represents the fair value received in respect of the sale of residential housing net of value added tax and cash incentives. This is recognised on the transfer of control to the customer on legal completion. Property reservation fees are reflected within creditors until legal completion.

Stocks

Stock and work in progress is stated at the lower of cost and estimated selling price less costs to sell.

Cost comprises land and associated acquisition costs, direct materials and subcontract work, and other direct costs that have been incurred in bringing stock and work in progress to its present location and condition.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transition price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Related parties

For the purposes of these financial statements, a party is considered to be related to the company if:

1. the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating decisions, or has joint control over the company;

2. the company and the party are subject to common control;

3. the party is an associate of the company or a joint venture in which the company is a venturer;

4. the party is a member of key management personnel of the company or the company's parent, or close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

5. the party is a close family member of a party referred to in (1) or is an entity under the control, joint control or significant influence of such individuals; or

6. the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

-

1,325,161

The bank loan is secured by a legal charge over development land at Pentre, Llanrhaeadr together with personal guarantees from the directors.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew McMinnis FCA FCCA (Senior Statutory Auditor)

for and on behalf of Livesey Spottiswood Ltd

7.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Dave Cottle Holdings Limited. The registered office of Dave Cottle Holdings Limited is Civils House, Davy Way, Llay Industrial Estate, Llay, Wrexham, LL12 0PG.

The ultimate controlling parties are the directors, Mr A W Cottle and Mr P W Cottle and their families.