20 Wynnstay Road Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10653432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

20 WYNNSTAY ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Parry

SECRETARY:

REGISTERED OFFICE:

20 Wynnstay Road

Colwyn Bay

LL29 8NB

REGISTERED NUMBER:

10653432 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

United Kingdom

CONWY

LL30 2RB

FIXED ASSETS

Tangible assets

4

167,310

173,032

CURRENT ASSETS

Debtors

5

241

-

Cash at bank

555

556

796

556

CREDITORS

Amounts falling due within one year

6

8,331

8,817

NET CURRENT LIABILITIES

(7,535

)

(8,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

159,775

164,771

CREDITORS

Amounts falling due after more than one year

7

(148,130

)

(151,994

)

PROVISIONS FOR LIABILITIES

(265

)

(321

)

NET ASSETS

11,380

12,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,280

12,356

SHAREHOLDERS' FUNDS

11,380

12,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2022 and were signed by:

Mr G Parry - Director

1.	STATUTORY INFORMATION

20 Wynnstay Road Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

186,747

3,591

190,338

DEPRECIATION

At 1 April 2021

15,404

1,902

17,306

Charge for year

5,300

422

5,722

At 31 March 2022

20,704

2,324

23,028

NET BOOK VALUE

At 31 March 2022

166,043

1,267

167,310

At 31 March 2021

171,343

1,689

173,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

241

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,975

5,744

Taxation and social security

1,077

1,842

Other creditors

1,279

1,231

8,331

8,817

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

148,130

151,994

8.	RELATED PARTY DISCLOSURES

GP Property Advisors Limited

This company is wholly owned by Mr Glyn Parry.

During the year 20 Wynnstay Road Limited received rent of £6,000 from GP Property Advisors Limited for the property.

G P Property Advisers Limited made a loan totalling £2,342 during the year to 20 Wynnstay Road Ltd. The loan balance at the beginning of the year was £85,377 and the loan balance outstanding at 31 March 2022 totalled £87,719. This remains the maximum balance outstanding during the year.

Mr Glyn Parry

At 31 March 2022 the company owed Mr Glyn Parry £320.