Welsh Town Planning & Housing Trust Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00906215 (Wales)

Financial Statements for the Year Ended 5 April 2017

for

Welsh Town-Planning and Housing

Trust Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Lord D B Davies

Dr D F Balsom

SECRETARY:

Mrs S E Hamer

REGISTERED OFFICE:

Plas Dolerw

Milford Road

Newtown

Powys

SY16 2EH

REGISTERED NUMBER:

00906215 (Wales)

SENIOR STATUTORY AUDITOR:

Robert Osment BSc FCA

AUDITORS:

Morgan Griffiths LLP

Chartered Accountants

Statutory Auditor

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

141,073

141,073

CURRENT ASSETS

Debtors

5

-

1,250

Cash at bank

1,812

2,104

1,812

3,354

CREDITORS

Amounts falling due within one year

6

-

4

NET CURRENT ASSETS

1,812

3,350

TOTAL ASSETS LESS CURRENT LIABILITIES

142,885

144,423

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

104,619

104,619

Revaluation reserve

7

55,500

55,500

Retained earnings

(17,334

)

(15,796

)

SHAREHOLDERS' FUNDS

142,885

144,423

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 24 October 2017 and were signed on its behalf by:

Lord D B Davies - Director

1.	STATUTORY INFORMATION

Welsh Town-Planning and Housing Trust Limited is a private company, limited by shares , registered in Wales.

The company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents ground rents and is exclusive of value added tax.

Tangible fixed assets

The freehold property consists of land only and is therefore not being depreciated.

No depreciation has been provided on fixed assets as these comprise a large portfolio of books, manuscripts

and papers which are on loan to the National Museum of Wales in Cardiff.

The Trustees have considered the value of these assets in the year and consider that diminution in value is not

appropriate.

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.

Investment and rental income

Income from investments and from rental income is included in the profit and loss account in the year in which it

is receivable.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 6 April 2016

and 5 April 2017

55,500

85,573

141,073

NET BOOK VALUE

At 5 April 2017

55,500

85,573

141,073

At 5 April 2016

55,500

85,573

141,073

Included in cost or valuation of land and buildings is freehold land of £ 55,500 (2016 - £ 55,500 ) which is not

depreciated.

Fixed assets categorised as Plant and Machinery represent books and other ephemera of which £85,573 in

value is on loan to the National Museum of Wales.

Cost or valuation at 5 April 2017 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2012

55,500

-

55,500

Cost

-

85,573

85,573

55,500

85,573

141,073

Freehold land and buildings were valued on an open market basis on 31 January 2013 by SmithsGore .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Trade debtors

-

1,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Taxation and social security

-

4

7.

RESERVES

Revaluation

reserve

£

At 6 April 2016

and 5 April 2017

55,500

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Osment BSc FCA (Senior Statutory Auditor)

for and on behalf of Morgan Griffiths LLP

9.	ULTIMATE CONTROLLING PARTY

This company is a subsidiary of Margaret Davies Charity and the ultimate controlling party is its board of

trustees.