CLT Properties (Bridgend) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12867004

CLT Properties (Bridgend) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

CLT Properties (Bridgend) Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

CLT Properties (Bridgend) Limited

Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements

Year ended 31 March 2026

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2026, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

CLAY SHAW THOMAS LTD

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

10 June 2026

CLT Properties (Bridgend) Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4		3,025,929	1,641,801

Current assets

Debtors	5	32,184		38,627

Creditors: amounts falling due within one year	6	677,540		409,573
		---------		---------
Net current liabilities			645,356	370,946
			------------	------------
Total assets less current liabilities			2,380,573	1,270,855

Creditors: amounts falling due after more than one year	7		1,571,560	942,799

Provisions	44,102	44,102
	------------	------------
Net assets	764,911	283,954
	------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	764,910	283,953
	---------	---------
Shareholders funds	764,911	283,954
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CLT Properties (Bridgend) Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 10 June 2026 , and are signed on behalf of the board by:

Mrs C L Tovey
Director

Company registration number: 12867004

CLT Properties (Bridgend) Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50a Oxford Street, Pontycymer, Bridgend, CF32 8DB, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover in the profit and loss account represents amounts receivable during the year for rental income, exclusive of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Investment property

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 April 2025	1,636,456	8,652	1,645,108
Additions	892,185	579	892,764
Revaluations	492,700	–	492,700
	------------	-------	------------
At 31 March 2026	3,021,341	9,231	3,030,572
	------------	-------	------------
Depreciation
At 1 April 2025	–	3,307	3,307
Charge for the year	–	1,336	1,336
	------------	-------	------------
At 31 March 2026	–	4,643	4,643
	------------	-------	------------
Carrying amount
At 31 March 2026	3,021,341	4,588	3,025,929
	------------	-------	------------
At 31 March 2025	1,636,456	5,345	1,641,801
	------------	-------	------------

Investment properties are held at market value as determined by the director.

5. Debtors

	2026	2025
	£	£
Other debtors	32,184	38,627
	--------	--------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	49,400	368
Tovey Developments Limited	625,652	–
Other creditors	2,488	409,205
	---------	---------
	677,540	409,573
	---------	---------

7. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	1,571,560	942,799
	------------	---------

Included within creditors: amounts falling due after more than one year is an amount of £1,571,560 (2025: £942,799) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

8. Director's advances, credits and guarantees

Included in other creditors is an amount of £nil (2025: £406,717) owed to the director.