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REGISTERED NUMBER: 14114546 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

18TH MAY 2022 TO 31ST MAY 2023

FOR

CLYNDERWEN FARM DAIRY LIMITED

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYNDERWEN FARM DAIRY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023







DIRECTORS: G L Roblin
G L Roblin





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 14114546 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

BALANCE SHEET
31ST MAY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 177,032
Investments 5 84,198
Herd basis 6 482,400
743,630

CURRENT ASSETS
Stocks 95,040
Debtors 7 80,667
Cash at bank 156,464
332,171
CREDITORS
Amounts falling due within one year 8 293,959
NET CURRENT ASSETS 38,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,842

CREDITORS
Amounts falling due after more than one
year

9

(668,708

)

PROVISIONS FOR LIABILITIES (20,360 )
NET ASSETS 92,774

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

BALANCE SHEET - continued
31ST MAY 2023

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 92,674
SHAREHOLDERS' FUNDS 92,774

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th October 2023 and were signed on its behalf by:





G L Roblin - Director


CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023

1. STATUTORY INFORMATION

Clynderwen Farm Dairy Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Not provided
Plant and machinery - 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 2 .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 23,325 170,785 194,110
At 31st May 2023 23,325 170,785 194,110
DEPRECIATION
Charge for period - 17,078 17,078
At 31st May 2023 - 17,078 17,078
NET BOOK VALUE
At 31st May 2023 23,325 153,707 177,032

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 106,700
At 31st May 2023 106,700
DEPRECIATION
Charge for period 10,670
At 31st May 2023 10,670
NET BOOK VALUE
At 31st May 2023 96,030

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 84,198
At 31st May 2023 84,198
NET BOOK VALUE
At 31st May 2023 84,198

6. HERD BASIS
Dairy
herd
basis
£   
COST
Additions 1,371,150
Disposals (888,750 )
At 31st May 2023 482,400
NET BOOK VALUE
At 31st May 2023 482,400

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 74,831
VAT 5,836
80,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 32,000
Hire purchase contracts 67,968
Trade creditors 52,437
Directors' current accounts 137,708
Accrued expenses 3,846
293,959

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other loans - 2-5 years 96,000
Other loans more 5yrs instal 548,740
Hire purchase contracts 23,968
668,708

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 548,740

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 A Ordinary £1 50
50 B Ordinary £1 50
100

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18TH MAY 2022 TO 31ST MAY 2023

11. RELATED PARTY DISCLOSURES

At the period end the company had an outstanding credit balance owing to the director G L Roblin of £137,708.