Registration number:
Colwyn Developments Limited
Pages for filing with the Registrar
for the Year Ended 30 April 2026
Colwyn Developments Limited
Contents
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Colwyn Developments Limited
(Registration number: 01917901)
Balance Sheet as at 30 April 2026
|
Note |
2026 |
2025 |
|
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Retained earnings |
6,967,881 |
6,930,859 |
|
|
Shareholders' funds |
6,967,981 |
6,930,959 |
For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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 prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover represents the proceeds received from the sale of development properties during the course of the year and is recognised based on the legal completion date for the sale of the property. Where the property has an option to tax election in force the sale proceeds are shown excluding value added tax.
Other operating income includes the rent receivable from the letting by the company of its development properties. Rental income is recognised in the financial statements on the basis of that receivable in the accounting period.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
Tax
The tax expense for the period comprises current corporation tax and deferred 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.
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 customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
The value of stock is represented by the value of land and property on hand for development at the year end.
Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
The company operates a money purchase pension scheme (a defined contribution scheme). Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Stocks |
|
2026 |
2025 |
|
|
Valuation of property on hand for development |
|
|
|
Debtors |
|
2026 |
2025 |
|
|
Prepayments |
|
|
|
Other debtors |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
- |
|
|
Trade creditors |
|
|
|
|
Taxation and social security |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors due within one year also includes bank loans of £500,000 (2025 £nil) which are secured. Security is held over some of the company's development properties.
Creditors: amounts falling due after more than one year
|
Note |
2026 |
2025 |
|
|
Due after one year |
|||
|
Loans and borrowings |
- |
|
Creditors include bank loans which are secured of £nil (2025 - £500,000). Security is held over some of the company's development properties.
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
|
Reserves |
The profit and loss reserves of the company are fully distributable.
|
Loans and borrowings |
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
- |
|
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
|
- |
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
|
Related party transactions |
|
Other transactions with directors |
During the course of previous years Corindale Properties Limited has advanced loan funds of £151,378 to Colwyn Developments Limited. Corindale Properties Limited is a property development and trading company registered in England.
During the 2026 year Colwyn Developments Limited repaid net loan funds of £3,932 to Corindale
The directors Mr K P Cattermole and Mr J W Goddard are also directors of this company and 50% shareholder each in this company.
Included in other creditors at the 30th April 2026 is the sum of £147,446 (2025 £151,378) owed to Corindale Properties Limited by Colwyn Developments Limited.
This loan is interest free.
During the course of previous years Colwyn Developments Limited had advanced loan funds of £550,187 to Covedale Developments Limited a property development and trading company registered in England.
The directors Mr K P Cattermole and Mr J W Goddard are also directors of this company and 30% shareholder each in this company.
The loan has been made by Colwyn Developments Limited in order to assist Covedale Developments Limited with the acquisition of development properties.
During the 2026 year no further loans funds were advanced to Covedale Developments Limited.
Included in other debtors at the 30th April 2026 is the sum of £550,187 (2025 £550,187) owed by Covedale Developments Limited to Colwyn Developments Limited.
This loan is interest free.
Colwyn Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026
During the course of the previous years Colwyn Developments Limited has advanced loan funds of £1,314,151 to Colwyn Property & Land Limited a property development and trading company registered in England.
The directors Mr K P Cattermole and Mr J W Goddard are also directors of this company and 50% shareholder each in this company.
During the course of the 2026 year Colwyn advanced further loan funds of £11,061.
The loan has been made by Colwyn Developments Limited in order to assist Colwyn Property & Land Limited with the acquisition of development properties.
Included in other debtors at the 30th April 2026 is the sum of £1,325,212 (2025 £1,314,151) owed by Colwyn Property & Land Limited to Colwyn Developments Limited.
This loan is interest free.
During the course of the previous years Colwyn Developments Limited has advanced loan funds of £1,024,820 to Colchurch Properties Limited a property development and trading company registered in England.
The directors Mr K P Cattermole and Mr J W Goddard are also directors in this company and own 25% each of the issued share capital.
During the 2026 year Colwyn advanced Colchurch Properties Limited further loan funds of £620,358 and received loan repayments from Colchurch of £nil.
Included in other debtors at the 30th April 2026 is the sum of £1,645,178 (2025 £1,024,820) owed by Colchurch Properties Limited to Colwyn Developments Limited.
This loan is interest free.
During the course of the previous year Colwyn Developments Limited has paid some costs on behalf of Oakhurst (East Anglia) Limited a property development and trading company registered in England.
The director Mr K P Cattermole is a director in this company and owns 99% of the issued share capital.
Included in other debtors at the 30th April 2026 is the sum of £nil (2025 £42) owed by Oakhurst (East Anglia) Limited to Colwyn Developments Limited in respect of the balance of these costs.
This loan was interest free and was repaid in full during the 2026 year.
At the 30th April 2026 creditors includes the sum of £151,753 (2025 £157,875) owed to the director Mr K P Cattermole and the sum of £153,801 (2025 £138,058) owed to the director Mr J W Goddard. These represent undrawn directors remuneration and funds introduced by the directors.
During the 2026 year Mr K P Cattermole withdrew net funds of £6,122 and Mr J W Goddard introduced net funds of £15,743.
The directors loan balances do not attract interest.