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REGISTERED NUMBER: 02205272 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NANT-Y-FOEL CYFYNGEDIG

NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

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


NANT-Y-FOEL CYFYNGEDIG

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Ms M Welsby





REGISTERED OFFICE: Cartref Bryn Yr Eglwys
Pentrefoelas
CONWY
LL24 0HY





REGISTERED NUMBER: 02205272 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,189,647 1,425,048

CURRENT ASSETS
Stocks 1,322 1,259
Debtors 5 180,192 236,853
Cash at bank and in hand 146,337 452,943
327,851 691,055
CREDITORS
Amounts falling due within one year 6 207,793 182,115
NET CURRENT ASSETS 120,058 508,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,309,705

1,933,988

CREDITORS
Amounts falling due after more than one
year

7

(759,081

)

(631,774

)

PROVISIONS FOR LIABILITIES (103,215 ) (73,280 )
NET ASSETS 1,447,409 1,228,934

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 8 261,995 261,995
Retained earnings 1,185,410 966,935
1,447,409 1,228,934

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 director acknowledges her 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.

NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

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 director and authorised for issue on 29 August 2023 and were signed by:





Ms M Welsby - Director


NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Nant-Y-Foel Cyfyngedig 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 represents the amounts derived from the provision of nursing care which is exempt from Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on reducing balance

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

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 540,000 1,006,981 1,546,981
Additions 455,594 327,897 783,491
Disposals - (1,000 ) (1,000 )
At 31 March 2023 995,594 1,333,878 2,329,472
DEPRECIATION
At 1 April 2022 49,000 72,933 121,933
Charge for year 9,456 8,519 17,975
Eliminated on disposal - (83 ) (83 )
At 31 March 2023 58,456 81,369 139,825
NET BOOK VALUE
At 31 March 2023 937,138 1,252,509 2,189,647
At 31 March 2022 491,000 934,048 1,425,048

Land and buildings were revalued on 16th March 2012 by a firm of Chartered Surveyors not connected with the company on the basis of market value.

If land and buildings were stated on an historical cost basis rather than deemed cost basis, the carrying value on revaluation would have been £245,614.The original cost was £451,546.

.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,017 12,863
Other debtors 175,175 223,990
180,192 236,853

NANT-Y-FOEL CYFYNGEDIG (REGISTERED NUMBER: 02205272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 108,188 72,085
Trade creditors 5,100 9,677
Taxation and social security 78,612 89,205
Other creditors 15,893 11,148
207,793 182,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 759,081 631,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 759,081 631,774

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 261,995

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Ms M Welsby
Balance outstanding at start of year 174,740 160,363
Amounts advanced 88,046 107,543
Amounts repaid (139,929 ) (93,166 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,857 174,740