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REGISTERED NUMBER: 01187722 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

Glan Gwna Estates Limited

Glan Gwna Estates Limited (Registered number: 01187722)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glan Gwna Estates Limited

Company Information
for the Year Ended 30th November 2023







DIRECTORS: M W Jones
G Jones
K E Jones
Mrs K Element





SECRETARY: Mrs K Element





REGISTERED OFFICE: Glan Gwna Holiday Park
Caeathro
Caernarfon
Gwynedd
LL55 2SG





REGISTERED NUMBER: 01187722 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Glan Gwna Estates Limited (Registered number: 01187722)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,826,187 3,595,079

CURRENT ASSETS
Stocks 556,000 206,000
Debtors 5 39,443 371,269
Cash at bank and in hand 3,296,678 2,016,501
3,892,121 2,593,770
CREDITORS
Amounts falling due within one year 6 333,121 272,065
NET CURRENT ASSETS 3,559,000 2,321,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,385,187

5,916,784

CAPITAL AND RESERVES
Called up share capital 211,006 211,006
Retained earnings 6,174,181 5,705,778
6,385,187 5,916,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Glan Gwna Estates Limited (Registered number: 01187722)

Balance Sheet - continued
30th November 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 30th August 2024 and were signed on its behalf by:





M W Jones - Director


Glan Gwna Estates Limited (Registered number: 01187722)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Glan Gwna Estates 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.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on cost

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 25 (2022 - 24 ) .

Glan Gwna Estates Limited (Registered number: 01187722)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 4,928,382 1,156,668 6,085,050
Additions - 92,354 92,354
Disposals (737,073 ) - (737,073 )
At 30th November 2023 4,191,309 1,249,022 5,440,331
DEPRECIATION
At 1st December 2022 1,485,711 1,004,260 2,489,971
Charge for year 70,801 53,372 124,173
At 30th November 2023 1,556,512 1,057,632 2,614,144
NET BOOK VALUE
At 30th November 2023 2,634,797 191,390 2,826,187
At 30th November 2022 3,442,671 152,408 3,595,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 36,292 366,208
Other debtors 3,151 5,061
39,443 371,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 6,122 51,275
Taxation and social security 210,838 56,722
Other creditors 116,161 164,068
333,121 272,065