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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Tai Dinefwr Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Tai Dinefwr Limited |
Tai Dinefwr Limited (Registered number: 06419677) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Tai Dinefwr Limited |
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Company Information |
for the Year Ended 30 November 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Tai Dinefwr Limited (Registered number: 06419677) |
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Balance Sheet |
30 November 2018 |
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30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Tai Dinefwr Limited (Registered number: 06419677) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Tai Dinefwr Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Stocks & work in progress |
Work in progress is valued by the company's directors at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate portion of fixed and variable overheads. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Part-exchange properties |
The purchase and subsequent sale of part-exchange properties is an activity undertaken in order to achieve the |
sale of a new property. Impairments and gains or losses on the sale of part-exchange properties are therefore |
included in cost of sales. |
Tai Dinefwr Limited (Registered number: 06419677) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2017 |
and 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 November 2018 and |
30 November 2017: |
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30.11.18 | 30.11.17 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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7. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company owed an amount of £947,427 ( 2017 £648,617) to Gwenlais |
Developments Limited, a company in which Mr H.R Williams, is a director and shareholder. Interest of |
£264,010 (2017 £111,638) was charged on this loan. Borrowings of Gwenlais Developments Limited are secured |
by a charge over the assets of this company. |
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8. | GOING CONCERN |
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At the balance sheet date the company's liabilities exceeded its assets. The accounts have been prepared on the |
going concern basis which assumes that the company's director and bankers will provide adequate financial |
resources to enable it to continue to trade over future periods. |