Registration number: 13838313

LLYN PENINSULA PROPERTIES LTD

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

LLYN PENINSULA PROPERTIES LTD

Balance Sheet
31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	447,407	447,854
Current assets
Debtors	5	1,141	1,142
Cash at bank and in hand		1,448	643
		2,589	1,785
Creditors: Amounts falling due within one year	6	(13,090)	(11,663)
Net current liabilities		(10,501)	(9,878)
Total assets less current liabilities		436,906	437,976
Creditors: Amounts falling due after more than one year	6	(441,316)	(437,495)
Net (liabilities)/assets		(4,410)	481
Capital and reserves
Called up share capital		2	2
Retained earnings		(4,412)	479
Shareholders' (deficit)/funds		(4,410)	481

For the financial year ending 31 January 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 6 October 2026 and signed on its behalf by:
 

LLYN PENINSULA PROPERTIES LTD

Balance Sheet
31 January 2026

......................................... Mr MA Brook Director

Company Registration Number: 13838313

LLYN PENINSULA PROPERTIES LTD

Notes to the Unaudited Financial Statements
Year Ended 31 January 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:
Crugan Lon Isaf
Morfa Nefyn
Pwllheli
LL53 6BS

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

LLYN PENINSULA PROPERTIES LTD

Notes to the Unaudited Financial Statements
Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

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.

Borrowings

LLYN PENINSULA PROPERTIES LTD

Notes to the Unaudited Financial Statements
Year Ended 31 January 2026

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.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2025 - 2).

LLYN PENINSULA PROPERTIES LTD

Notes to the Unaudited Financial Statements
Year Ended 31 January 2026

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2025	435,305	9,270	444,575
Revaluations	7,650	-	7,650
Additions	1,880	-	1,880
At 31 January 2026	444,835	9,270	454,105
Depreciation
At 1 February 2025	765	3,605	4,370
Charge for the year	937	1,391	2,328
At 31 January 2026	1,702	4,996	6,698
Carrying amount
At 31 January 2026	443,133	4,274	447,407
At 31 January 2025	442,190	5,664	447,854

Included within the net book value of land and buildings above is £443,132 (2025 - £442,190) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Other debtors	1,141	1,142
	1,141	1,142

LLYN PENINSULA PROPERTIES LTD

Notes to the Unaudited Financial Statements
Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Accruals and deferred income	3,090	1,663
Other creditors	10,000	10,000
	13,090	11,663

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	441,316	437,495

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	304,684	304,683
Other borrowings	136,632	132,812
	441,316	437,495