CASWELL BAY CONSTRUCTION LTD


Directors	BANFIELD, Kevin
	BANFIELD, Sarah Louise


Company Secretary	BANFIELD, Sarah Louise


Registered Address	9 Chapel Street
	Mumbles
	Swansea
	SA3 4NH


Registered Number	09462836 (England and Wales)

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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 land and 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.

Deferred tax

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 land and 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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	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.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 March 25	1,395	38,920	4,739	45,054
At 28 February 26	1,395	38,920	4,739	45,054
Depreciation and impairment
At 01 March 25	1,395	38,920	4,127	44,442
Charge for year	-	-	612	612
At 28 February 26	1,395	38,920	4,739	45,054
Net book value
At 28 February 26	-	-	-	-
At 28 February 25	-	-	612	612

4.	Investment property
	Net Book Value £ At 28 February 2026 1,603,514 At 28 February 2025 1,735,002 Fair value at 28 February 2026 is represented by: £ Cost 1,080,519 Revaluation in 2021 247,582 Revaluation in 2022 275,413 At 28 February 2026 1,603,514 If investment property had not been revalued it would have been included at the following historical cost: 2026 2025 £ £ Owned Assets 1,080,519 1,212,008 Investment property was valued on an open market basis on 28 February 2026 by the directors.

Investment property

Net Book Value                                                                                                                                     £
At 28 February 2026                                                                                                                     1,603,514
At 28 February 2025                                                                                                                     1,735,002

Fair value at 28 February 2026 is represented by:
                                                                                                                                                             £
Cost                                                                                                                                              1,080,519
Revaluation in 2021                                                                                                                         247,582
Revaluation in 2022                                                                                                                         275,413
At 28 February 2026                                                                                                                     1,603,514

If investment property had not been revalued it would have been included at the following historical cost:

                                                                                                                                2026                  2025
                                                                                                                                   £                        £
Owned Assets                                                                                                    1,080,519          1,212,008

Investment property was valued on an open market basis on 28 February 2026 by the directors.


		£
	Fair value at 01 March 25	1,735,002
	Additions	6,897
	Disposals	(138,385)
	At 28 February 26	1,603,514

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	7,784	35,714
Amounts owed to related parties	341,730	455,696
Accrued liabilities and deferred income	1,780	1,690
Total	351,294	493,100

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	727,253	729,867
Total	727,253	729,867

7.	Secured creditors
	Lendinvest Btl Limited 171 frampton road, gorseinon, swansea SA4 4YG registered at hm land registry with title number WA340158. Contains fixed charge. Contains negative pledge. Lendinvest Btl Limited 25 dale close fforestfach swansea SA5 4NX. Contains fixed charge. Contains negative pledge. Lendinvest Btl Limited 90 samlet road, swansea enterprise park, swansea, SA7 9AF. Contains fixed charge. Contains negative pledge. Lendinvest Btl Limited 98 manor road, manselton, swansea, SA5 9PN. Contains fixed charge. Contains negative pledge. Lendinvest Btl Limited 29 gethin close, gendros, swansea, SA5 8DX. Contains fixed charge. Contains negative pledge. Colcap Financial UK Ltd 101 Lime Street, Gorseinon, Swansea, SA4 4EF Contains negative pledge

Secured creditors

Lendinvest Btl Limited
  171 frampton road, gorseinon, swansea SA4 4YG registered at hm land registry with title number WA340158.
 Contains fixed charge.
 Contains negative pledge.

 Lendinvest Btl Limited
 25 dale close fforestfach swansea SA5 4NX.
 Contains fixed charge.
 Contains negative pledge.

 Lendinvest Btl Limited
 90 samlet road, swansea enterprise park, swansea, SA7 9AF.
 Contains fixed charge.
 Contains negative pledge.

 Lendinvest Btl Limited
 98 manor road, manselton, swansea, SA5 9PN.
 Contains fixed charge.
 Contains negative pledge.

 Lendinvest Btl Limited
 29 gethin close, gendros, swansea, SA5 8DX.
 Contains fixed charge.
 Contains negative pledge.

 Colcap Financial UK Ltd
 101 Lime Street, Gorseinon, Swansea, SA4 4EF
 Contains negative pledge

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	99,369	99,485
Total	99,369	99,485

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		-		612
Investment property	4		1,603,514		1,735,002
			1,603,514		1,735,614
Current assets
Debtors		6,953		12,816
Cash at bank and on hand		7,039		2,743
		13,992		15,559
Creditors amounts falling due within one year	5	(351,294)		(493,100)
Net current assets (liabilities)			(337,302)		(477,541)
Total assets less current liabilities			1,266,212		1,258,073
Creditors amounts falling due after one year	6		(727,253)		(729,867)
Provisions for liabilities	8		(99,369)		(99,485)
Net assets			439,590		428,721
Capital and reserves
Called up share capital			10		10
Revaluation reserve			423,626		423,626
Profit and loss account			15,954		5,085
Shareholders' funds			439,590		428,721