REGISTERED NUMBER: 03514292 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Gwent Civil Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L McGoldrick

SECRETARY:

M McGoldrick

REGISTERED OFFICE:

Thames Valley House

Albany Street

Newport

Gwent

NP20 5NJ

REGISTERED NUMBER:

03514292 (England and Wales)

ACCOUNTANTS:

Neil Hodge & Co Limited

Chartered Accountants

106a Commercial Street

Risca

Gwent

NP11 6EE

FIXED ASSETS

Tangible assets

4

30,799

61,625

Investment property

5

4,889,346

4,889,346

4,920,145

4,950,971

CURRENT ASSETS

Debtors

6

959,400

801,572

Cash at bank

46,530

456,577

1,005,930

1,258,149

CREDITORS

Amounts falling due within one year

7

2,087,896

2,498,392

NET CURRENT LIABILITIES

(1,081,966

)

(1,240,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,838,179

3,710,728

CREDITORS

Amounts falling due after more than one year

8

(1,141,405

)

(1,230,490

)

PROVISIONS FOR LIABILITIES

(155,000

)

(162,000

)

NET ASSETS

2,541,774

2,318,238

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

410,068

410,068

Retained earnings

2,131,606

1,908,070

SHAREHOLDERS' FUNDS

2,541,774

2,318,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2025 and were signed by:

L McGoldrick - Director

1.	STATUTORY INFORMATION

Gwent Civil Engineering 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2024

419,390

Disposals

(48,257

)

At 28 February 2025

371,133

DEPRECIATION

At 29 February 2024

357,765

Charge for year

11,931

Eliminated on disposal

(29,362

)

At 28 February 2025

340,334

NET BOOK VALUE

At 28 February 2025

30,799

At 28 February 2024

61,625

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

and 28 February 2025

4,889,346

NET BOOK VALUE

At 28 February 2025

4,889,346

At 28 February 2024

4,889,346

Fair value at 28 February 2025 is represented by:

£

Valuation in 2014

95,739

Valuation in 2015

25,000

Valuation in 2020

227,202

Valuation in 2022

200,809

Valuation in 2023

39,585

Cost

4,301,011

4,889,346

If investment properties had not been revalued they would have been included at the following historical cost:

28.2.25

28.2.24

£

£

Cost

4,301,011

4,301,011

Investment properties were valued on an open market basis on 28 February 2025 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

111,061

58,944

Other debtors

848,339

742,628

959,400

801,572

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts

92,726

87,999

Trade creditors

15,894

8,200

Taxation and social security

229,018

159,632

Other creditors

1,750,258

2,242,561

2,087,896

2,498,392

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

1,141,405

1,230,490

28.2.25

28.2.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

843,058

914,848

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

28.2.24

£

£

Bank loans

1,234,131

1,318,489

Bank Loans and hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

28.2.24

value:

£

£

100

Ordinary shares

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 29 February 2024

and 28 February 2025

410,068

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

28.2.25

28.2.24

£

£

L McGoldrick

Balance outstanding at start of year

232,097

256,507

Amounts advanced

58,048

10,590

Amounts repaid

(40,000

)

(35,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

250,145

232,097

The loan carries an interest charge of 2.25% , and is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is L McGoldrick.