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Registered number: 03503411
Eryri Properties Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03503411
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,297,522 1,269,592
1,297,522 1,269,592
CURRENT ASSETS
Debtors 5 3,620 530
Cash at bank and in hand 57,747 51,619
61,367 52,149
Creditors: Amounts Falling Due Within One Year 6 (12,692 ) (9,681 )
NET CURRENT ASSETS (LIABILITIES) 48,675 42,468
TOTAL ASSETS LESS CURRENT LIABILITIES 1,346,197 1,312,060
PROVISIONS FOR LIABILITIES
Deferred Taxation (102,763 ) (102,763 )
NET ASSETS 1,243,434 1,209,297
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 1,243,430 1,209,293
SHAREHOLDERS' FUNDS 1,243,434 1,209,297
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R A Tyler
Director
S L Riley
Director
14 November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eryri Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03503411 . The registered office is Trewern, Craig Y Don, Bangor, Gwynedd, LL57 2BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery fully depreciated
Motor Vehicles 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 March 2024 1,269,592 5,345 - 1,274,937
Additions - - 37,240 37,240
As at 28 February 2025 1,269,592 5,345 37,240 1,312,177
Depreciation
As at 1 March 2024 - 5,345 - 5,345
Provided during the period - - 9,310 9,310
As at 28 February 2025 - 5,345 9,310 14,655
Net Book Value
As at 28 February 2025 1,269,592 - 27,930 1,297,522
As at 1 March 2024 1,269,592 - - 1,269,592
Cost or valuation as at 28 February 2025 represented by:
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
At cost 1,269,592 5,345 37,240 1,312,177
1,269,592 5,345 37,240 1,312,177
The investment properties were revalued by the directors during the year. They have considered the fair value by reference to other similar properties locally and to the rental yield achieveable.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,800 200
Other debtors 820 330
3,620 530
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 3,992 1,723
Taxation and social security 8,700 7,958
12,692 9,681
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Page 5
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
8. Related Party Transactions
The directors make an interest free loan available to the company during the year. The amount outstanding at the year end was £2,792 (2024 - £553).
9. Reserves
Of the total reserves in the accounts £308,288 are not distributable as relate to a fair value revaluation of investment property.
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