Registration number: 08120978

Clud Property Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Clud Property Limited

Company Information

Directors

Mr D G Saunders- Jones Mrs K R Saunders-Jones

Company secretary

Mrs K R Saunders-Jones

Registered office

Garnycastell Farm Talgarth Brecon Powys LD3 0EY

Bankers

Lloyds Bank plc 802 Oxford Street Swansea West Glamorgan SA1 3AF

Accountants

W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Clud Property Limited

(Registration number: 08120978)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	172	230
Investment property	5	515,000	515,000
		515,172	515,230
Current assets
Debtors	6	4,643	4,700
Cash at bank and in hand		91	67
		4,734	4,767
Creditors: Amounts falling due within one year	7	(227,861)	(222,335)
Net current liabilities		(223,127)	(217,568)
Total assets less current liabilities		292,045	297,662
Creditors: Amounts falling due after more than one year	7	(215,228)	(222,516)
Net assets		76,817	75,146
Capital and reserves
Called up share capital		100	100
Fair value reserve		31,927	31,927
Retained earnings		44,790	43,119
Shareholders' funds		76,817	75,146

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

Clud Property Limited

(Registration number: 08120978)
Balance Sheet as at 31 March 2025

......................................... Mr D G Saunders- Jones Director

......................................... Mrs K R Saunders-Jones Company secretary and director

Clud Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Garnycastell Farm
Talgarth
Brecon
Powys
LD3 0EY

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Going concern

Revenue recognition

Turnover represents rental income receivable.

Tax

The tax expense for the period comprises of current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Clud Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25 % on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by a director internal to the company. The basis of this valuation is open market value, that is observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from students for let accommodation.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Clud Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	5,922	5,922
At 31 March 2025	5,922	5,922
Depreciation
At 1 April 2024	5,692	5,692
Charge for the year	58	58
At 31 March 2025	5,750	5,750
Carrying amount
At 31 March 2025	172	172
At 31 March 2024	230	230

5	Investment properties

	2025 £
At 1 April	515,000
At 31 March	515,000

Investment properties are valued at open market value by the directors as at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Trade debtors	720	351
Prepayments	3,923	4,349
	4,643	4,700

Clud Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	7,047	6,682
Trade creditors		1,094	1,810
Accruals and deferred income		55	55
Other creditors		219,665	213,788
		227,861	222,335

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	215,228	222,516

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	215,228	222,516

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,047	6,682