CAMBRIAN MOUNTAINS COMPANY C.I.C.

Company limited by guarantee

Company Registration Number:
06580879 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Mr Ieuan Rhys Jones
Mr Thomas Owain Pugh


Secretary Nicole Aarons

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 July 2023

And signed on behalf of the board by:
Name: Mr Thomas Owain Pugh
Status: Director

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 0 1,991
Cost of sales: 0 0
Gross profit(or loss): 0 1,991
Distribution costs: 0 0
Administrative expenses: ( 2,394 ) ( 2,368 )
Other operating income: 0 0
Operating profit(or loss): (2,394) (377)
Interest receivable and similar income: 33 1
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (2,361) (376)
Tax: 0 0
Profit(or loss) for the financial year: (2,361) (376)

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 9
Cash at bank and in hand: 7,522 9,794
Investments:   0 0
Total current assets: 7,522 9,803
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 480 ) ( 400 )
Net current assets (liabilities): 7,042 9,403
Total assets less current liabilities: 7,042 9,403
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 7,042 9,403
Members' funds
Profit and loss account: 7,042 9,403
Total members' funds: 7,042 9,403

The notes form part of these financial statements

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 July 2023
and signed on behalf of the board by:

Name: Mr Thomas Owain Pugh
Status: Director

The notes form part of these financial statements

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goodssupplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards ofownership have transferred to the buyer (usually on despatch of the goods); the amount ofrevenue can be measured reliably; it is probable that the associated economic benefits will flow tothe entity; and the costs incurred or to be incurred in respect of the transactions can be measuredreliably.

    Valuation information and policy

    Financial liabilities and equity instruments are classified according to the substance of thecontractual arrangements entered into. An equity instrument is any contract that evidences aresidual interest in the assets of the entity after deducting all of its financial liabilities.Where the contractual obligations of financial instruments (including share capital) are equivalentto a similar debt instrument, those financial instruments are classed as financial liabilities.Financial liabilities are presented as such in the balance sheet. Finance costs and gains orlosses relating to financial liabilities are included in the profit and loss account. Finance costs arecalculated so as to produce a constant rate of return on the outstanding liability.Where the contractual terms of share capital do not have any terms meeting the definition of afinancial liability then this is classed as an equity instrument. Dividends and distributions relatingto equity instruments are debited direct to equity.

    Other accounting policies

    Judgements and key sources of estimation uncertaintyThe preparation of the financial statements requires management to make judgements,estimates and assumptions that affect the amounts reported. These estimates and judgementsare continually reviewed and are based on experience and other factors, including expectations offuture events that are believed to be reasonable under the circumstances. Company limited by guaranteeEvery member of the Company undertakes to contribute such amount as may be required (notexceeding £1) to the Company's assets if it should be wound up while he is a member or withinone year of ceasing to be a member.

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 9
Total 0 9
Debtors due after more than one year: 0 0

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 480 400
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 480 400

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Off balance sheet arrangements

Related party transactionsThe Cambrian Mountain Initiative Trust have full use of the companies premises and servicesduring current and previous years with no charge. The company was under the control of theDirectors throughout the current and previous year. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

COMMUNITY INTEREST ANNUAL REPORT

CAMBRIAN MOUNTAINS COMPANY C.I.C.

Company Number: 06580879 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Lamb produced in the Cambrian Mountains has now become the latest Welsh food to be granted protected status in the UK following Brexit.The meat has been registered under the Geographical Indication scheme, intended to ensure popular and traditional products from across the UK are recognised for their authenticity and origin. The mark is similar to the EU protected status scheme, which preserves the geographical origin of food items like Halloumi, Parma ham and Champagne. Cambrian Mountains lamb has been recognised for the way it is produced using the “Hafod a Hendre” system of farming, which dates back to the Middle Ages.

Consultation with stakeholders

The company forms part of the Cambrian Mountain Initiative which draws together various interest groups and communities from across the area. Meetings are held on a regular basis with all stakeholders.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 May 2023

And signed on behalf of the board by:
Name: Nicole Aarons
Status: Director