REGISTERED NUMBER: 14520949 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Llanellen Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D W Morgan

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

14520949 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

2,400

2,700

Investment property

6

2,117,799

2,100,000

2,120,199

2,102,700

CURRENT ASSETS

Debtors

7

43,102

34,638

Cash at bank and in hand

37,427

1

80,529

34,639

CREDITORS

Amounts falling due within one year

8

41,076

9,710

NET CURRENT ASSETS

39,453

24,929

TOTAL ASSETS LESS CURRENT LIABILITIES

2,159,652

2,127,629

PROVISIONS FOR LIABILITIES

600

675

NET ASSETS

2,159,052

2,126,954

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

2,159,051

2,126,953

SHAREHOLDERS' FUNDS

2,159,052

2,126,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

D W Morgan - Director

1.	STATUTORY INFORMATION

Llanellen Properties Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 14520949 and the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG.

These financial statements are the company's separate financial statements, covering the year to 31 December 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2.	STATEMENT OF COMPLIANCE

The individual financial statements of Llanellen Properties Limiited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

3,000

DEPRECIATION

At 1 January 2025

300

Charge for year

300

At 31 December 2025

600

NET BOOK VALUE

At 31 December 2025

2,400

At 31 December 2024

2,700

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

2,100,000

Assets in the course of

construction

17,799

At 31 December 2025

2,117,799

NET BOOK VALUE

At 31 December 2025

2,117,799

At 31 December 2024

2,100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

2,070

-

Other debtors

41,032

34,638

43,102

34,638

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

5,846

-

Taxation and social security

9,953

8,310

Other creditors

25,277

1,400

41,076

9,710

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 January 2025

2,126,953

Profit for the year

32,098

At 31 December 2025

2,159,051

11.	CAPITAL COMMITMENTS

The company has entered into an agreement with a related party to carry out building improvements at a cost of £380,000.

12.	RELATED PARTY DISCLOSURES

At the year end, included in debtors is the sum of £23,998 (2024:£34,638) owed by an entity under the common control of key management personnel. There is no fixed repayment date on this loan and no interest has been charged.