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Company Registration No. 7249511 (England and Wales)
GWESTY-GLYNARTHEN LIMITED Unaudited accounts for the year ended 31 May 2023
GWESTY-GLYNARTHEN LIMITED Unaudited accounts Contents
Page
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GWESTY-GLYNARTHEN LIMITED Company Information for the year ended 31 May 2023
Director
Richard Price
Company Number
7249511 (England and Wales)
Registered Office
19 Cascades Caer Ffynnon Barry CF62 6NS Wales
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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GWESTY-GLYNARTHEN LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,710 
26,565 
Investments
188,036 
200,406 
205,746 
226,971 
Current assets
Cash at bank and in hand
2,205 
11,744 
Creditors: amounts falling due within one year
- 
(3,696)
Net current assets
2,205 
8,048 
Total assets less current liabilities
207,951 
235,019 
Creditors: amounts falling due after more than one year
(430,138)
(434,963)
Net liabilities
(222,187)
(199,944)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
(39,832)
(36,579)
Profit and loss account
(182,356)
(163,366)
Shareholders' funds
(222,187)
(199,944)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Richard Price Director Company Registration No. 7249511
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GWESTY-GLYNARTHEN LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
GWESTY-GLYNARTHEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7249511. The registered office is 19 Cascades, Caer Ffynnon, Barry, CF62 6NS, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2022
35,420 
At 31 May 2023
35,420 
Depreciation
At 1 June 2022
8,855 
Charge for the year
8,855 
At 31 May 2023
17,710 
Net book value
At 31 May 2023
17,710 
At 31 May 2022
26,565 
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GWESTY-GLYNARTHEN LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Investments
Other investments 
£ 
Valuation at 1 June 2022
200,406 
Additions
33,354 
Fair value adjustments
(3,253)
Disposals
(42,471)
Valuation at 31 May 2023
188,036 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
3,518 
Trade creditors
- 
178 
- 
3,696 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
15,492 
Loans from directors
430,138 
419,471 
430,138 
434,963 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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