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REGISTERED NUMBER: 09852643 (Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Croenllwm cyf

Croenllwm cyf (Registered number: 09852643)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Croenllwm cyf

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Owen
Mrs C A Owen
A Owen
G Owen





REGISTERED OFFICE: Croenllwm
Llanefydd
Denbigh
LL165DP





REGISTERED NUMBER: 09852643 (Wales)





ACCOUNTANTS: Iona Edwards cyf
Chartered Accountant
19 Denbigh Street
Llanrwst
Conwy
LL26 0LL

Croenllwm cyf (Registered number: 09852643)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,742 2,178
Tangible assets 5 2,168,239 2,250,880
2,169,981 2,253,058

CURRENT ASSETS
Stocks 243,150 221,250
Debtors 6 45,465 59,885
Cash at bank - 99,930
288,615 381,065
CREDITORS
Amounts falling due within one year 7 603,803 542,376
NET CURRENT LIABILITIES (315,188 ) (161,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,854,793

2,091,747

CREDITORS
Amounts falling due after more than one year 8 909,217 981,887
NET ASSETS 945,576 1,109,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 945,476 1,109,760
SHAREHOLDERS' FUNDS 945,576 1,109,860

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.

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 30 August 2024 and were signed on its behalf by:





A Owen - Director


Croenllwm cyf (Registered number: 09852643)

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

1. STATUTORY INFORMATION

Croenllwm cyf is a private company, limited by shares , registered in 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of five years.

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 - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Croenllwm cyf (Registered number: 09852643)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,722
AMORTISATION
At 1 January 2023 544
Charge for year 436
At 31 December 2023 980
NET BOOK VALUE
At 31 December 2023 1,742
At 31 December 2022 2,178

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,670,137 1,195,343 2,865,480
Additions - 41,885 41,885
At 31 December 2023 1,670,137 1,237,228 2,907,365
DEPRECIATION
At 1 January 2023 - 614,600 614,600
Charge for year - 124,526 124,526
At 31 December 2023 - 739,126 739,126
NET BOOK VALUE
At 31 December 2023 1,670,137 498,102 2,168,239
At 31 December 2022 1,670,137 580,743 2,250,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,885 26,511
Other debtors 32,580 33,374
45,465 59,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 469,753 161,718
Trade creditors 111,150 336,900
Taxation and social security 3,237 22,348
Other creditors 19,663 21,410
603,803 542,376

Croenllwm cyf (Registered number: 09852643)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 909,217 981,887

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 545,379 643,823