Company registration number 03083311 (England and Wales)
CLYNNOG PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
CLYNNOG PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CLYNNOG PROPERTIES LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
27,535
27,863
Investment property
4
342,000
342,000
369,535
369,863
Current assets
Debtors
5
1
1
Cash at bank and in hand
9,720
20,701
9,721
20,702
Creditors: amounts falling due within one year
6
(121,369)
(143,342)
Net current liabilities
(111,648)
(122,640)
Net assets
257,887
247,223
Capital and reserves
Called up share capital
2
2
Revaluation reserve
7
236,207
236,207
Profit and loss reserves
21,678
11,014
Total equity
257,887
247,223

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 March 2026 and are signed on its behalf by:
Mr G.W. Hughes
Director
Company registration number 03083311 (England and Wales)
CLYNNOG PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Clynnog Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Round House, Glan-y-Mor Road, Llandudno Junction, Conwy, LL31 9SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets over than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold
1% straight line
Plant and machinery
50% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to depreciated. In the opinion of the directors, compliance is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CLYNNOG PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
32,783
679
33,462
Depreciation and impairment
At 1 July 2024
4,920
679
5,599
Depreciation charged in the year
328
-
0
328
At 30 June 2025
5,248
679
5,927
Carrying amount
At 30 June 2025
27,535
-
0
27,535
At 30 June 2024
27,863
-
0
27,863
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
342,000

Investment property comprises of three properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 June 2024 by Gareth Hughes, Chartered Accountant, on an open market basis. No depreciation is provided in respect of these properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1
1
CLYNNOG PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
2,692
Taxation and social security
4,587
162
Other creditors
116,782
140,488
121,369
143,342
7
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
236,207
236,207
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