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REGISTERED NUMBER: 14548224 (England and Wales)






Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gwynfa Limited

Gwynfa Limited (Registered number: 14548224)






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




Page

Company information 1

Report of the directors 2

Balance sheet 3

Notes to the financial statements 5


Gwynfa Limited

Company Information
for the Year Ended 31 December 2023







Directors: G A Hughes
Mrs B C Hughes





Secretary:





Registered office: C/O The Office
Ffordd Pentre Bach
Nercwys
Mold
Flintshire
CH7 4EG





Registered number: 14548224 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Gwynfa Limited (Registered number: 14548224)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

Incorporation
The company was incorporated on 19 December 2022 and commenced trading on 1 January 2023.

Directors
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

G A Hughes
Mrs B C Hughes

Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





G A Hughes - Director


10 September 2024

Gwynfa Limited (Registered number: 14548224)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 11,658
Investment property 5 1,154,267
1,165,925

CURRENT ASSETS
Debtors 6 3,106
Cash at bank 7,483
10,589
CREDITORS
Amounts falling due within one year 7 811,238
NET CURRENT LIABILITIES (800,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,276

CREDITORS
Amounts falling due after more than one
year

8

391,071
NET LIABILITIES (25,795 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (25,797 )
(25,795 )

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

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

Gwynfa Limited (Registered number: 14548224)

Balance Sheet - continued
31 December 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 10 September 2024 and were signed on its behalf by:





G A Hughes - Director


Gwynfa Limited (Registered number: 14548224)

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

1. STATUTORY INFORMATION

Gwynfa 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.
Plant and machinery etc - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 .

Gwynfa Limited (Registered number: 14548224)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 16,878
Disposals (4,900 )
At 31 December 2023 11,978
DEPRECIATION
Charge for year 320
At 31 December 2023 320
NET BOOK VALUE
At 31 December 2023 11,658

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,154,267
At 31 December 2023 1,154,267
NET BOOK VALUE
At 31 December 2023 1,154,267

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 811,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 241,071
Other creditors 150,000
391,071

9. RELATED PARTY DISCLOSURES

The balance on directors loan accounts at 31 December 2023 amounted to £809,882.94, which is included in other creditors.

The directors loan accounts are unsecured, interest free and repayable upon demand.