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REGISTERED NUMBER: 12261577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Rhydonnen Cyf

Rhydonnen Cyf (Registered number: 12261577)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Rhydonnen Cyf

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr I E Jones
Mr E A Jones
Mrs B Jones
Mrs C L A Jones





REGISTERED OFFICE: Rhydonnen Farm
Llanychan
Ruthin
LL15 1UG





REGISTERED NUMBER: 12261577 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Rhydonnen Cyf (Registered number: 12261577)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,183 148,877
Investments 5 21,586 21,586
199,769 170,463

CURRENT ASSETS
Stocks 232,575 212,279
Debtors 6 10,787 14,403
Cash at bank 94,635 43,625
337,997 270,307
CREDITORS
Amounts falling due within one year 7 443,002 412,295
NET CURRENT LIABILITIES (105,005 ) (141,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,764

28,475

PROVISIONS FOR LIABILITIES 44,546 28,287
NET ASSETS 50,218 188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,118 88
SHAREHOLDERS' FUNDS 50,218 188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rhydonnen Cyf (Registered number: 12261577)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 16 September 2023 and were signed on its behalf by:





Mr E A Jones - Director


Rhydonnen Cyf (Registered number: 12261577)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Rhydonnen Cyf 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 & machinery - 20% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less any amounts recognised in respect of any impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets, the dairy herd, are valued at fair value through the profit & loss. This includes making due allowance for home bred livestock, the current market and current demand.

The current herd value is £150,600 (2022 - £174,400).

Fuel, oil and other business related deadlock are valued at the lower of cost and net realisable value, after making allowance for obsolete, impaired or slow moving items within the other stock on hand.

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.

Rhydonnen Cyf (Registered number: 12261577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 186,096
Additions 69,506
Disposals (18,920 )
At 31 March 2023 236,682
DEPRECIATION
At 1 April 2022 37,219
Charge for year 40,046
Eliminated on disposal (18,766 )
At 31 March 2023 58,499
NET BOOK VALUE
At 31 March 2023 178,183
At 31 March 2022 148,877

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 21,586
NET BOOK VALUE
At 31 March 2023 21,586
At 31 March 2022 21,586

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,389 7,996
Other debtors 5,398 6,407
10,787 14,403

Rhydonnen Cyf (Registered number: 12261577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 20,168 14,097
Taxation and social security 32,448 29,078
Other creditors 390,386 369,120
443,002 412,295

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £111,000 (2022 - £86,700) were paid to the directors .

During the year the officers of the company accumulated funds within in-credit directors' loan accounts, which at the year end amounted to an amalgamated total of £388,087 (2022 - £367,526) owing to the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rhydonnen Cyf

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rhydonnen Cyf for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rhydonnen Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rhydonnen Cyf and state those matters that we have agreed to state to the Board of Directors of Rhydonnen Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rhydonnen Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rhydonnen Cyf 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 profit of Rhydonnen Cyf. You consider that Rhydonnen Cyf 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 Rhydonnen Cyf. 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.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................