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REGISTERED NUMBER: 03567809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Cyfeillion Croesor

Cyfeillion Croesor (Registered number: 03567809)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Cyfeillion Croesor

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Ms A Irene
Ms G F Jones
Ms E M Jones
Ms M Roberts
Mr A Rowell





SECRETARY: Ms E Owen





REGISTERED OFFICE: Caffi Croesor
Croesor
Penrhyndeudraeth
Gwynedd
LL48 6SS





REGISTERED NUMBER: 03567809 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Cyfeillion Croesor (Registered number: 03567809)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,152 218,669

CURRENT ASSETS
Stocks 500 500
Debtors 5 155 500
Cash at bank 39,369 41,848
40,024 42,848
CREDITORS
Amounts falling due within one year 6 6,661 13,442
NET CURRENT ASSETS 33,363 29,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,515

248,075

PROVISIONS FOR LIABILITIES 267 334
NET ASSETS 246,248 247,741

RESERVES
Income and expenditure account 246,248 247,741
246,248 247,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 surplus or deficit 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.

Cyfeillion Croesor (Registered number: 03567809)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





Ms A Irene - Director


Cyfeillion Croesor (Registered number: 03567809)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Cyfeillion Croesor is a private company, limited by guarantee , 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.

The directors have considered the basis for the preparation of the financial statements and consider the going concern basis to be the most suitable. Therefore, the accounts have been prepared on the assumption that the company is thus able to carry on its business in this manner.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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.

3. EMPLOYEES AND DIRECTORS

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

Cyfeillion Croesor (Registered number: 03567809)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 258,227 7,614 265,841
DEPRECIATION
At 1 June 2022 41,316 5,856 47,172
Charge for year 5,165 352 5,517
At 31 May 2023 46,481 6,208 52,689
NET BOOK VALUE
At 31 May 2023 211,746 1,406 213,152
At 31 May 2022 216,911 1,758 218,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 155 100
Other debtors - 400
155 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 2,500
Taxation and social security (4,370 ) -
Other creditors 11,031 10,942
6,661 13,442

Cyfeillion Croesor (Registered number: 03567809)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Other loans 10,000 10,000

The following charges are currently shown as being active on the Companies House website:

Timothy David Stuart Adams

Charge date: 14 January 2017

Charge code: 0356 7809 0001

Type: Legal charge

Details: By way of legal charge over title numbers CYM34999 and CYM30971, also known as Old Bryn Gelynen, Croesor, Penrhyndeudraeth, Gwynedd.

8. RELATED PARTY DISCLOSURES

The directors' consider all transactions between the company and its related parties to be immaterial and carried out on an arms length basis.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cyfeillion Croesor

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cyfeillion Croesor for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cyfeillion Croesor, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cyfeillion Croesor and state those matters that we have agreed to state to the Board of Directors of Cyfeillion Croesor, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cyfeillion Croesor and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cyfeillion Croesor has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cyfeillion Croesor. You consider that Cyfeillion Croesor is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cyfeillion Croesor. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................