REGISTERED NUMBER: 02221170 (England and Wales)

CARREG FAWR DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Baillon

W Rowland

S M Baillon

G Lewis

SECRETARY:

M J Baillon

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

02221170 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

698,153

683,489

CURRENT ASSETS

Stocks

306,449

190,201

Debtors

5

428,696

506,389

Cash at bank and in hand

41,759

4,400

776,904

700,990

CREDITORS

Amounts falling due within one year

6

534,552

501,431

NET CURRENT ASSETS

242,352

199,559

TOTAL ASSETS LESS CURRENT LIABILITIES

940,505

883,048

CREDITORS

Amounts falling due after more than one year

7

(29,544

)

(30,026

)

PROVISIONS FOR LIABILITIES

(133,381

)

(129,415

)

NET ASSETS

777,580

723,607

CAPITAL AND RESERVES

Called up share capital

8

4,900

4,900

Revaluation reserve

9

330,617

330,617

Retained earnings

442,063

388,090

SHAREHOLDERS' FUNDS

777,580

723,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

S M Baillon - Director

1.	STATUTORY INFORMATION

Carreg Fawr Developments Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1st January 2024

600,000

86,438

67,380

166,341

920,159

Additions

-

229

494

34,740

35,463

At 31st December 2024

600,000

86,667

67,874

201,081

955,622

DEPRECIATION

At 1st January 2024

-

62,084

40,809

133,777

236,670

Charge for year

-

4,894

5,339

10,566

20,799

At 31st December 2024

-

66,978

46,148

144,343

257,469

NET BOOK VALUE

At 31st December 2024

600,000

19,689

21,726

56,738

698,153

At 31st December 2023

600,000

24,354

26,571

32,564

683,489

Cost or valuation at 31st December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2023

440,822

-

-

-

440,822

Cost

159,178

86,667

67,874

201,081

514,800

600,000

86,667

67,874

201,081

955,622

The net book value of assets held under hire purchase at 31 December 2024 was £30,687 (2023: £7,536)

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

100,638

280,494

Other debtors

-

2,058

Waymar Limited

123,000

135,000

VAT

113,758

4,809

Prepayments

12,833

12,313

350,229

434,674

Amounts falling due after more than one year:

Amounts recoverable on contract

78,467

71,715

Aggregate amounts

428,696

506,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

20,010

37,389

Other loans

29,368

31,062

Hire purchase contracts

6,823

277

Trade creditors

203,416

287,809

Corporation Tax

50,035

39,266

Social security and other taxes

122,405

40,701

Other creditors

13,537

9,501

Directors' current accounts

50,095

8,108

Accruals and deferred income

38,863

47,318

534,552

501,431

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

10,005

19,999

Bank loans - 2-5 years

-

10,027

Hire purchase contracts

19,539

-

29,544

30,026

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

900

Ordinary

£1

900

900

1,000

Ordinary A

£1

1,000

1,000

1,000

Ordinary B

£1

1,000

1,000

1,000

Ordinary C

£1

1,000

1,000

1,000

Ordinary D

£1

1,000

1,000

4,900

4,900

9.

RESERVES

Revaluation

reserve

£

At 1st January 2024

and 31st December 2024

330,617

10.	RELATED PARTY DISCLOSURES

The company was owed £123,000 (2023 - £135,000) by a company which W Rowland and M J Baillon have a controlling interest.