Registration number: 05107151

Colwyn Property & Land Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Colwyn Property & Land Limited

(Registration number: 05107151)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Current assets
Stocks	4	1,395,543	1,386,499
Cash at bank and in hand		32	7
		1,395,575	1,386,506
Creditors: Amounts falling due within one year	5	(1,376,278)	(1,365,146)
Net assets		19,297	21,360
Capital and reserves
Called up share capital		2	2
Retained earnings		19,295	21,358
Shareholders' funds		19,297	21,360

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 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 13 August 2026 and signed on its behalf by:
 

......................................... Mr J W Goddard Director

Colwyn Property & Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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:
10 Neale Street
Ipswich
Suffolk
IP1 3JB

The principal place of business is:
10 Neale Street
Ipswich
Suffolk
IP1 3JB
England

These financial statements were authorised for issue by the Board on 13 August 2026.

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 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.

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 Property & Land 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. 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.

There is no corporation tax charge for the 2026 year as the company has tax losses. These losses will carry forward for tax purposes to offset against future taxable profits.

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 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.

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.

Colwyn Property & Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

4

Stocks

	2026 £	2025 £
Other inventories	1,395,543	1,386,499

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Accruals and deferred income	1,065	995
Other creditors	1,375,213	1,364,151
	1,376,278	1,365,146

6

Reserves

The profit and loss reserves of the company are fully distributable.

Colwyn Property & Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7	Related party transactions

Other transactions with directors

During the course of the previous years the company received loan funds of £1,314,151 from Colwyn Developments Limited, a property trading and development company registered in England and Wales. The directors Mr K P Cattermole and Mr J W Goddard are also directors in this company and own 50% each of the issued share capital in Colwyn Developments Limited.

Further loan advances of £11,061 were received during the year ended 30th April 2026.

The loan has been made to assist Colwyn Property & Land with the acquisition of a development site.

Included in creditors due within one year is the loan balance of £1,325,212 (2025 £1,314,151) owed to Colwyn Developments Limited.

Creditors due within one year includes a loan from the directors in the sum of £50,000 (2025 £50,000). This loan represents funds of £25,000 injected in to the company during the 2022 year by each director.

The above loans to the company are interest free.