| Twyncyn Developments Limited |
| Accountant's Report |
|
| Accountant's Report To The Directors Of |
| Twyncyn Developments Limited |
|
| You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, I have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to me. |
| I have not carried out an audit or any other review, and consequently I do not express any opinion on these accounts. |
|
| P.J. Reed |
| Chartered Accountant |
|
| 20A Pantbach Road |
| Birchgrove |
| Cardiff |
| CF14 1UA |
|
| 10 December 2025 |
|
| Twyncyn Developments Limited |
| Registered Number: |
01035320 |
| Balance Sheet |
| As At 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
574 |
|
|
765 |
| Investments |
4 |
|
|
150,000 |
|
|
140,000 |
|
|
|
|
150,574 |
|
|
140,765 |
|
| Current assets |
| Stocks |
|
|
22,382 |
|
|
22,521 |
| Debtors |
5 |
|
2,882 |
|
|
2,141 |
| Cash at bank and in hand |
|
|
66,237 |
|
|
41,955 |
|
|
|
91,501 |
|
|
66,617 |
|
| Creditors: amounts falling due within one year |
6 |
|
(12,888) |
|
|
(7,910) |
|
| Net current assets |
|
|
|
78,613 |
|
|
58,707 |
|
| Total assets less current liabilities |
|
|
|
229,187 |
|
|
199,472 |
|
|
| Provisions for liabilities |
|
|
|
(2,916) |
|
|
(1,049) |
|
|
| Net assets |
|
|
|
226,271 |
|
|
198,423 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Non-distributable reserve |
7 |
|
|
24,432 |
|
|
16,332 |
| Profit and loss account |
|
|
|
201,739 |
|
|
181,991 |
|
| Shareholders' funds |
|
|
|
226,271 |
|
|
198,423 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime |
|
|
|
|
| H.C. Thomson |
| Director |
| Approved by the board on 10 December 2025 |
|
| Twyncyn Developments Limited |
| Notes To The Accounts |
| For The Year Ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is the total amount receivable by the company in respect of freehold reversions and the rent receivable in respect of its investment property. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
25% reducing balance |
|
|
Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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 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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
1,959 |
|
At 31 March 2025 |
1,959 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
1,194 |
|
Charge for the year |
191 |
|
At 31 March 2025 |
1,385 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
574 |
|
At 31 March 2024 |
765 |
|
|
| 4 |
Investments |
|
| Investment |
| property |
| £ |
|
Fair Value |
|
At 1 April 2024 |
140,000 |
|
Gain on revaluation |
10,000 |
|
|
At 31 March 2025 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
122,745 |
|
At 31 March 2025 |
122,745 |
|
|
|
|
|
|
|
|
|
|
The investment property was revalued at fair value on 31 March 2025 by the directors. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,892 |
|
1,963 |
|
Other debtors |
990 |
|
178 |
|
|
|
|
|
|
2,882 |
|
2,141 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
1,783 |
|
1,250 |
|
Taxation and social security costs |
4,900 |
|
308 |
|
Other creditors |
6,205 |
|
6,352 |
|
|
|
|
|
|
12,888 |
|
7,910 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Non-distributable reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
16,332 |
|
12,255 |
|
Gain on revaluation of investment property |
10,000 |
|
5,000 |
|
Deferred taxation arising on revaluation of investment property |
(1,900) |
|
(923) |
|
|
At 31 March 2025 |
24,432 |
|
16,332 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
Twyncyn Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Peppercorn House |
|
Kemerton |
|
Tewkesbury |
|
Gloucestershire |
|
GL20 7JL |