0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,027,293 1,027,293 1,027,293 xbrli:pure xbrli:shares iso4217:GBP 06262012 2022-04-01 2023-03-31 06262012 2023-03-31 06262012 2022-03-31 06262012 bus:Director1 2022-04-01 2023-03-31 06262012 bus:Director2 2022-04-01 2023-03-31 06262012 core:WithinOneYear 2023-03-31 06262012 core:WithinOneYear 2022-03-31 06262012 core:AfterOneYear 2022-03-31 06262012 core:ShareCapital 2023-03-31 06262012 core:ShareCapital 2022-03-31 06262012 core:RetainedEarningsAccumulatedLosses 2023-03-31 06262012 core:RetainedEarningsAccumulatedLosses 2022-03-31 06262012 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 06262012 core:Non-currentFinancialInstruments 2023-03-31 06262012 core:Non-currentFinancialInstruments 2022-03-31 06262012 bus:Director1 2023-03-31 06262012 bus:SmallEntities 2022-04-01 2023-03-31 06262012 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06262012 bus:FullAccounts 2022-04-01 2023-03-31 06262012 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06262012 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06262012 core:AllSubsidiaries 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 06262012
CYMEN HOLDINGS LTD
Filleted Unaudited Financial Statements
31 March 2023
CYMEN HOLDINGS LTD
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
1,027,293
1,027,293
Current assets
Debtors
5
15,998
Cash at bank and in hand
50,741
49,819
--------
--------
66,739
49,819
Creditors: amounts falling due within one year
6
772,685
771,989
---------
---------
Net current liabilities
705,946
722,170
------------
------------
Total assets less current liabilities
321,347
305,123
Creditors: amounts falling due after more than one year
7
2
---------
---------
Net assets
321,347
305,121
---------
---------
Capital and reserves
Called up share capital
300,000
300,000
Profit and loss account
21,347
5,121
---------
---------
Shareholders funds
321,347
305,121
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CYMEN HOLDINGS LTD
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Mr. A. M. Jones
Miss M. W. Cadwaladr
Director
Director
Company registration number: 06262012
CYMEN HOLDINGS LTD
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is PEN DEITSH, CAERNARFON, GWYNEDD, LL55 2AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
1,027,293
------------
Impairment
At 1 April 2022 and 31 March 2023
------------
Carrying amount
At 31 March 2023
1,027,293
------------
At 31 March 2022
1,027,293
------------
5. Debtors
2023
2022
£
£
Other debtors
15,998
--------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
772,181
771,509
Other creditors
504
480
---------
---------
772,685
771,989
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2
----
----
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr. A. M. Jones
15,998
15,998
----
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr. A. M. Jones
----
----
----
9. Related party transactions
Included in creditors is an amount of £772,181 due to the subsidiary company, Cymen Cyfyngedig .