Ynyshir Hall Holdings Limited 31/12/2021 iXBRL
Ynyshir Hall Holdings Limited 31/12/2021 iXBRL
Company registration number:
11421787
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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(Appointed 9 October 2021) | ||
Company number |
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Registered office |
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Business address |
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Accountants |
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31 Bridge Street | |||
Aberystwyth | |||
Ceredigion | |||
SY23 1QB | |||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Ynyshir Hall Holdings Limited
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ynyshir Hall Holdings Limited for the year ended 31 December 2021 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com /gb/en/about-us/regulation/rulebook.html.
This report is made solely to the board of directors of Ynyshir Hall Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ynyshir Hall Holdings Limited and state those matters that we have agreed to state to the board of directors of Ynyshir Hall Holdings Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ynyshir Hall Holdings Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ynyshir Hall Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ynyshir Hall Holdings Limited. You consider that Ynyshir Hall Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ynyshir Hall Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
31 Bridge Street
Aberystwyth
Ceredigion
SY23 1QB
19 December 2022
Statement of financial position
31 December 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities | 10 |
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Net assets/(liabilities) |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds/(deficit) |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2022
, and are signed on behalf of the board by:
Director
Company registration number:
11421787
Statement of changes in equity
Year ended 31 December 2021
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 January 2020 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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At 31 December 2020 and 1 January 2021 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Total investments by and distributions to owners |
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At 31 December 2021 |
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Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ynyshir Hall, Eglwysfach, Machynlleth, Powys, SY20 8TA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Turnover
Taxation
Tangible assets
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:
Freehold property | - |
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No depreciation is provided on freehold property because the directors consider that the residual value will be higher than the original purchase cost.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2020:
3
).
5.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation | |||
At 1 January 2021 and 31 December 2021 | - | - | |
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Carrying amount | |||
At 31 December 2021 |
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At 31 December 2020 |
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6.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2021 and 31 December 2021 |
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Impairment | |||
At 1 January 2021 and 31 December 2021 | - | - | |
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Carrying amount | |||
At 31 December 2021 |
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At 31 December 2020 |
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7.
Debtors
2021 | 2020 | |||
£ | £ | |||
Other debtors |
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8.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £ 82,278
(2020 £ 108,474 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Secured Debts Secured debts of £200,048 are included within creditors. The bank borrowings are secured by a debenture on the Bank's standard form and a legal charge over the freehold property.
10.
Provisions
Deferred tax (note 11) | Total | ||
£ | £ | ||
At 1 January 2021 | - | - | |
Additions |
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At 31 December 2021 |
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11.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2021 | 2020 | |||
£ | £ | |||
Included in provisions (note 10) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2021 | 2020 | |||
£ | £ | |||
Accelerated capital allowances |
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Unused tax losses |
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12.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2021 | 2020 | 2021 | 2020 | ||
£ | £ | £ | £ | ||
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Rent receivable | - |
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Interest receivable | - | - | - | - | |
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13.
Controlling party
The company is controlled by it's directors,
Dr JA Talbot and Mrs JA Talbot
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